Have you heard of James Vitas? He’s a real estate mogul who has been leaving his mark in American real estate for over 25 years. During this time, he established himself as one of the most successful real estate investors on the East Coast.
But if you’re not familiar with him or haven’t heard about his work, here are five fast facts about this amazing entrepreneur: From humble beginnings to becoming an industry leader, from devising innovative solutions to landing lucrative deals-read on to learn more about how James Vitas made it big in the world of real estate.
James Vitas Recently Acquired a 94 S Hibiscus
James Vitas just acquired the property located at 94 S Hibiscus in Miami. Located at the desirable 94 South Hibiscus Drive, this property is less than a quarter of an acre in size and has a total area of 10,500 square feet. The lot’s dimensions are 60 feet wide by 175 feet deep and is currently under development.
James Vitas is the Founder & Chairman of VMD Companies
James Vitas is an accomplished and respected entrepreneur in the commercial real estate profession. A veteran of the industry, he founded VMD Companies in 2004 and today serves as its Executive Chairman and Founder.
As a firm, VMD specializes in a wide range of services associated with commercial real estate transactions – from acquisition and entitlements through financing, leasing, and disposition.
Under James’ leadership, the company has emphasized a focus on maximizing profits through creative debt structuring and equity syndication strategies that incorporate both opportunistic investments as well as value-add opportunities.
Throughout his career at VMD Companies, James has made it his mission to build relationships with clients across all sectors of the industry – ranging from developers to brokers to investors – while helping them achieve their goals within an efficient timeframe.
His extensive experience provides him with unique insight into how these market forces interact, which he uses to create innovative solutions when faced with complex business challenges.
His Birthday Party Making Headlines
James Vitas made headlines recently for his incredible lifestyle. In September of this year, he threw a lavish $1 million birthday party that became the talk of the town.
It took place in a penthouse that was three stories tall at the Hotel on Rivington. We are informed that rapper SAINt JHN performed following his set at the Rolling Loud music festival. His celebration included top-notch chefs, expensive champagne and whiskey, and an entire entourage of close friends, family members, and a trove of celebrities.
He started VMD Companies at 19 years old in a basement
At 19 years old, James was already a budding entrepreneur. After recognizing the potential of real estate investment, he founded VMD Companies in his basement.
For three years, VMD operated at a deficit as James honed his knowledge of the industry and worked to establish himself as an authoritative voice in the real estate investment space.
At one point, a general contractor defaulted on James and VMD Companies – a situation that could have easily seen the company go sideways.
However, determined to stay afloat despite the odds stacked against him, James stepped in and self-performed the remaining work to ensure that VMD Companies would not succumb to failure.
VMD Acquired and Sold the Largest Single Tenant Net Lease Transaction in US History
James’ efforts ultimately paid off in 2020 when VMD acquired the largest single-tenant net lease transaction ever made in US history – 827,336 SF NECCO facility for 54MM – and sold it 18 months later for 355MM to Clarion Partners. This remarkable feat established him as a force to be reckoned within the real estate investment sector.
What sets James apart from other investors is his relentless determination and commitment to winning: no matter how dire circumstances may be or how much pressure he’s under, he never ceases to search for innovative solutions to ensure success.