Salt Lake City State of the Market

Arthur Woodbury joined Woodbury Corporation in April 2012. He is chief investment officer of Woodbury Corporation and managing director of the Woodbury Capital funds. Arthur oversees equity financing for new Woodbury investments as well as fund and asset management of all Woodbury sponsored funds (five funds totaling approximately $600 million of equity commitments). Arthur also co-manages the development and acquisitions team at Woodbury. Prior to joining Woodbury Corporation, Arthur spent four years working in the real estate private equity teams at the Blackstone Group (BREDS) and with Goldman Sachs (REPIA) in London where he had transaction experience in excess of $6 billion. Arthur has a B.A. in International Relations from the University of Pennsylvania with a minor in Urban Real Estate Development in conjunction with the Wharton School and a Masters in Finance and Strategy from l’Institut d’Études Politiques de Paris (Sciences Po).

Stephen is a Founding Principal of Urban Alfandre and brings over 16 years of real estate acquisition, development, finance, and operational experience to the company. Recently he led the acquisition and development efforts for the Toll Brothers City Living office in Washington DC where he sourced all types of urban residential deals in multiple submarkets. Prior to Toll Brothers, Stephen worked with the Bozzuto Group where he managed multiple infill residential developments. He also spent time working in various real estate consulting and development roles in Salt Lake City prior to moving back east. Stephen received an MBA in real estate and entrepreneurship from Georgetown University and a bachelors degree in Urban Planning from Brigham Young University. He has served as a panelist on multiple DC-area real estate expert panels - including three times with Bisnow - and has also been featured in real estate articles in the Washington Post, Washington Business Journal, and Wall Street Journal. Stephen grew up in the Washington DC area and now lives in the greater Salt Lake City area with his wife and five children.

Jeff Grasso is the Founder & Managing Partner of Vesta where he is responsible for the firm’s management & strategy, investment implementation, and investor relations. Before launching Vesta, Jeff was Senior Vice President and Head of Acquisitions at Silverstein Properties, Inc., where he was responsible for sourcing, capitalizing, and executing over $10 billion of acquisition, development, and corporate investments in the United States, Europe, and Asia. Prior to joining Silverstein, Jeff worked in the portfolio management group of ING Clarion Capital, a $5 billion AUM real estate credit opportunity fund. He was responsible for the acquisition and asset management of an ABS portfolio in addition to acquiring and originating high yield whole loans. Jeff holds a B.S. in Accounting, Finance, and Real Estate from the Martin J. Whitman School of Management at Syracuse University. He resides in Salt Lake with his wife where he enjoys fly fishing, whitewater rafting, and embraces a “pay it forward” mentality with the local Utah community.

A 15-year veteran of the real estate investment and development business, Jason brings a unique combination of natural creativity, a passion for building, and the requisite financial expertise which allows him to execute successful and profitable projects with a one-of-a-kind vision. His multi-faceted development experience allows him to select the right people and companies for the job and bring out the best in each team member. His areas of expertise span the entire development process including acquisitions, investment analysis, assemblages, zoning and entitlements, financing, equity structuring, contracts, legal negotiations, construction team oversight, and project design.