Key Executives: Social Impact Team
Stephen R. Whyte
Managing Director and Founder
Stephen Whyte is the founder and managing director of Vitus Group. He is a nationally recognized expert on affordable housing and a leader in the preservation and redevelopment of the nation's existing affordable housing stock. Under his leadership, Vitus has developed and continues to own more than 10,000 affordable multi-family units across 21 states. Mr. Whyte has spent more than 20 years at the forefront of complex transactions involving public and private partnerships, specialized funding sources, and multi-layered regulations. He takes satisfaction in guiding Vitus' new and innovative approaches to developing affordable housing, including sustainable development principles, alternative energy strategies, and the use of technology to increase value and improve efficiency. Mr. Whyte is active in the Urban Land Institute's Affordable/Workforce Housing Council as well as other housing organizations, and frequently speaks at housing conferences throughout the country.
Assistant Director and Fund Manager
Maryanne Speroni is Vitus Group’s Assistant Director and Fund Manager, and is responsible for leading and launching Vitus’ Social Impact Fund. Prior to joining Vitus Group, Ms. Speroni served in leadership positions at two of the nation’s leading affordable housing finance providers, The Richman Group and Centerline Capital Group (fka Related Capital Company). There, she played a significant role in the launch of an agency lending platform, asset acquisitions in New York City, asset underwriting, asset management, and fund management. This background distinctly positions her to lead Vitus’ Social Impact Fund aimed at preserving affordable and workforce housing. Maryanne believes that social services for people in need can be delivered effectively and efficiently through for-profit models, and is adept at driving forward investment vehicles for social change. Earlier in her career she handled project finance at Edison Schools, a for-profit enterprise engaged by school districts and charter schools to manage public schools that serve communities in need. Her personal passion for creating positive impact in the community is reflected in her career as well as in her volunteer work on the board of Pratt Area Community Council, a community development corporation in Brooklyn, New York. She holds a Bachelor of Arts in Applied Mathematics from Brown University and a Master of Business Administration from Harvard University.
Scott Langan leads Vitus’ Development efforts nationwide. Mr. Langan began his career in property management, working with Section 8 and Low Income Housing Tax Credit certifications, then began building his own low income housing development portfolio. Prior to joining Vitus in 2011, he spent 15 years as a principal of a real estate management company where he successfully increased the management portfolio size from 5,000 to 25,000 affordable housing units across the country, and developed his expertise in both Section 8 and market rate housing. Scott enjoys developing close, personal relationships with partners, and promotes the idea of providing “healthy housing” for individuals and communities by increasing access to affordable housing and social services. He graduated from Fordham University with a focus on communications.
Key Executives: Directors
Roger Heim is Finance Director for Vitus Group. He is responsible for the company’s Finance and Asset Management Groups, and brings over 20 years of finance and business operations experience to the company. Prior to joining Vitus, Mr. Heim served in executive and senior leadership positions in the construction, manufacturing and transportation industries, focusing on private equity acquisitions, private placements, SEC compliance and reporting, restructuring and dispositions. His finance career started as an accountant at the international professional services firm Deloitte & Touche, where he began to build his focus on manufacturing, construction and transportation. Mr. Heim was previously a Principal at the national consulting firm Tatum, where he worked with Vitus to restructure treasury, accounting and reporting operations. Prior to that, he was Chief Accounting Officer for Taurus Aerospace Group, a private equity owned aerospace repair and manufacturing company. Mr. Heim’s dedication to community and country is seen through his military service in the U.S. Marine Corps and in his commitments as a volunteer firefighter and elected fire commissioner. Mr. Heim is a graduate of Washington State University, where he majored in business administration.
Don Jacobsen is the Construction Manager for Vitus Group, where his role is to create, manage and execute capital, redevelopment and operations budgets and projects, and execute contracts for multiple communities. Prior to joining Vitus, he served as the redevelopment project manager for a West Coast Real Estate Investment Trust (REIT). He also spent eleven years as a regional service manager for Archstone, one of the largest investors, developers and operators of apartment communities in the U.S. There he provided guidance on environmental issues to onsite construction teams, managed multiple capital improvement projects to ensure they were completed on schedule and on budget, and built his specialty in developing effective team leadership and personnel training. Mr. Jacobsen is a certified pool operator and instructor for the National Swimming Pool Foundation, and a certified universal technician and proctor in HVAC with the ESCO Institute.
Jerry Low is Acquisitions Manager for Vitus Group, where he executes Vitus’ strategy to acquire and sell real estate assets. Jerry has extensive experience with low-income housing tax credits, multi-layered financing structures and HUD project-based rental programs, as well as conventional financing. Prior to joining Vitus, he was a broker with the affordable housing groups at Apartment Realty Advisors and CBRE. Mr. Low has been involved in the disposition of over $500 million in affordable housing assets nationwide over the past five years. Before his work in commercial brokerage, Jerry provided asset management services for the Bank of New York Mellon’s real estate trust department. He holds a Bachelor of Arts in Communications from the University of Washington and a Master of Science in Real Estate Finance and Construction Management from the University of Denver. He is a licensed real estate broker in the states of California and Washington.
Al Schroeder is Underwriting Manager for Vitus Group. He works closely with senior level management and outside business partners in developing financial models that meet the goals and satisfaction of all parties. In his three years at Vitus, he has been instrumental in closing more than $50 million in transactions. He and his team are focused on accurately and efficiently estimating the financial projections for affordable housing properties and assessing the risks inherent in such projections. Prior to joining Vitus, Mr. Schroeder managed financial audits and analysis, increased revenue, generated sales leads and developed strategic relationships at four Fortune 500 companies. He is a retired Certified Public Accountant and is a member of the Institute of Internal Auditors. Mr. Schroeder graduated from Washington State University with a Bachelor of Arts in both Business Administration and Economics.
Social Impact Manager
Sara Wall is Social Impact Manager for Vitus. She is responsible for the development of new social impact initiatives, the implementation of existing programs, the creation and monitoring of metrics to gauge effectiveness, and related communications efforts. As an interdisciplinary champion of Vitus’ social impact programs, Ms. Wall collaborates closely with the development and asset management teams. Prior to joining Vitus, Ms. Wall was the Director of Social impact at Project Access, which is a not-for-profit organization that develops and implements health, wellness and education programs for affordable housing communities. There, she opened and led Project Access’ northern California operations. This involved serving thousands of clients annually, developing standards to measure outcomes, overseeing an annual budget of $3,000,000, and raising $600,000 annually through grants and corporate partnerships. Ms. Wall also led research and evaluation efforts in partnership with the University of Southern California’s School of Social Work, where she served as Adjunct Professor. Ms. Wall has an extensive background in youth development, and has demonstrated leadership through volunteering at an orphanage in Chile and in after-school programs. She holds a Bachelor of Arts magna cum laude from Hunter College and a Master of Public Policy with a Concentration in Poverty Reduction from Brandeis University.