Vitus to Give Philly Senior Housing a Makeover

PHILADELPHIA—Vitus will preserve and renovate John Fox Towers, a 273-unit community for low-income seniors at 22 S. 22nd St. in Philadelphia. The 16-story building, formerly known as Sidney Hillman Apartments, is owned by Philadelphia Joint Board, Workers United, and managed by Prudent Property Managers. Prudent has operated and maintained the property’s affordable housing since its construction in 1967.

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Tax Credits Preserve History, Affordability of Connecticut Senior Housing

Novogradac, Journal of Tax Credits, Sept 2016

CONNECTICUT -- School Apartments in New Britain, Conn., has a long track record of addressing the community’s most pressing needs–first, as New Britain’s only secondary education campus for 65 years, then as a stronghold of affordable senior housing since 1978.

Published by Novogradac & Company LLP

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10 Must Reads for the CRE Industry Today

Vitus Group to Revamp Six Affordable Housing Properties “Vitus Group is set to add roughly 1,200 units to its portfolio in the last six months. The six properties are located in St. Paul, Minn.; Atlanta; Providence, R.I.; East Orange, N.J.; Miami Beach, Fla.; and Danville, Ill. The developer plans to renovate the multifamily communities and maintain their affordability. 

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Vitus Group to Revamp Six Affordable Housing Properties

SeattleVitus Group is set to add roughly 1,200 units to its portfolio in just six months. The six properties are located in St. Paul, Minn.; Atlanta; Providence, R.I.; East Orange, N.J.; Miami Beach, Fla.; and Danville, Ill. The developer plans to renovate the multifamily communities and maintain their affordability. The modernization process will include adding active design features to each property, giving residents opportunities for healthier choices and physical activity, energy efficiency upgrades and resident services.

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Vitus Group Acquires 99-Unit Affordable Community in Atlanta with Plans to Renovate

ATLANTA — Affordable housing developer Vitus Group has acquired Abernathy Towers, a 99-unit affordable housing complex for seniors, with plans to renovate the community. Details of the transaction were not disclosed.

The renovations will include improved outdoor gathering space with gardens and a gazebo, exercise equipment, addition of high-efficiency appliance to reduce resident utility bills, and installation of new kitchens, bathrooms and windows. The project will preserve the affordability of the apartments for 20 years, according to Vitus.

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AHF 50 Owners Focus on Services

This year’s AHF 50 owners hold an impressive 6,351 developments with 590,989 affordable housing units across the country.

That’s a 4.8% increase in developments and a 5.5% hike in units over last year’s list of the top owners...

...Vitus Group plans to include “active-design” amenities such as community gardens, indoor and outdoor activity spaces, and improved pedestrian pathways at all the properties it closed financing on in 2015. The Seattle-based company also said residents will have access to on-site health programs.

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Vitus Preserves Senior Housing Development in Miami

Vitus Group is preserving a 210-unit affordable housing development for seniors in a highly desirable neighborhood of Miami.The 15-story Four Freedoms House of Miami Beach is on Collins Avenue, which runs along the coast and is characterized by hotels and market-rate residential developments. It is the sole affordable housing high-rise development in the area, according to Vitus leaders.

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Senior housing complex in Miami Beach sold for $10.4M

The Four Freedoms House affordable senior housing complex in Miami Beach sold to a New York company for $10.39 million.

FFMB Housing Partners, an affiliate of Vitus Group, acquired the 210-unit building at 3800 Collins Ave. from nonprofit Four Freedoms House of Miami Beach Inc. The deal included $2 million in seller financing and a $9.64 million senior loan from Citibank.

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Vitus Group Makes Active Design a Priority

Stephen Whyte discusses how and why his firm is encouraging healthier behaviors.

Join us and the other Active Design Verified partners in the fight to build a healthier future by making the healthy choice the easy choice for children, families, individuals and seniors across the nation. Americans of all socioeconomic backgrounds should have access to choices that allow them to live a long and healthy life.

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