During the 1980′s and 1990′s, Mr. Vita was actively involved in the New York Tri-State market rapidly purchasing and selling multi-family apartment buildings within very short time windows to various renovators and other owner operators. In the latter part of the 1990′s Mr. Vita invested with Houlihan Parnes in the acquisition of a variety of multi family portfolios as well as office buildings, many of which are still owned today. During the early 2000′s Mr. invested in solid well located shopping centers which in addition to having stable current cash flow also had upside potential to raise rents, NOI, and thus, future value.
The partnerships sold several centers for extraordinary returns but still own the majority of them and continue to derive the tax advantages and ongoing excellent returns. With Pro Vest Properties, LLC Vita is enlarging his investment team with Mark Salomon, John Perri, and Patrick Clavin to expand a full service platform with over 100 years of experience in every facet of real estate acquisition, ownership, management, development, sales, leasing, marketing, and disposition.