As a 19-year-old, James Vitas established VMD Companies from his basement in 2004. In the course of building VMD Companies, James Vitas demonstrated an unfathomable work ethic and determination. Founded in New England, VMD Companies represents a hands-on, creative approach to real estate investing.
James Vitas specializes in commercial real estate matters, from acquisitions and entitlements to financing, leasing, and dispositions. Using opportunistic investment strategies and creative debt structuring to optimize the firm’s yields, James Vitas strives to optimize the firm’s yields. VMD’s LP base, lending relationships, and high-profile networks are all important to James Vitas. In the wake of the Great Recession, the credit crisis, and the recent COVID-19 pandemic, James Vitas has guided the company through years of considerable growth. Managing challenging times and complex transactions is James Vita’s specialty. Over the past decade, VMD Companies has overseen and invested in excess of $1 Billion in real estate, from New England to South Florida.
VMD Companies has grown into a business tycoon and has been awarded handsomely for its efforts. In 2012, VMD Companies was presented with the project of the year award by the New Hampshire Planners Associate and American Society of Civil Engineers. In 2016, VMD Companies was awarded the project of the year by the State of New Hampshire. James Vitas’ most prized accomplishment to date was the largest single tenant net lease transaction in US History. James Vitas acquired the 827,336 square foot NECCO facility for $52 million and later sold it 18 months later for $355 million.
The mentor of James Vitas once taught him how to pass on his wisdom to young hungry entrepreneurs. He advises his mentees “To completely immerse themselves in any business they choose to pursue. Obsessing over detail and living in a constant state of paranoia, is what makes you win. Not talking or bragging about what you do, but letting your hard work speak for itself.”
A bright future looks to be in store for VMD Companies under James Vitas’ leadership. Phil Down, a graduate from Dickinson College and John Hopkins, is extremely excited to have the opportunity to become the company’s new CEO. The vertically integrated success of VMD Companies can be attributed to multiple divisions, spanning multiple disciplines. To stay contrarian, VMD Companies have always looked ahead to the next best thing. By establishing an institutional platform, VMD Companies are prepared to succeed in the future. As part of VMD Companies’ five-year plan, the company will invest in alternative investments, specifically multiple offshoots that allow them to pivot and capitalize within other alternative asset classes in the future. It is certain that James Vitas will maintain his dominance throughout these uncertain times. Stay tuned for all the exciting investments VMD Companies has in store.
