RICHMOND, CA-Vitus Group has acquired and will rehabilitate the St. John's Apartments, a 158-unit affordable housing complex located in Richmond. Vitus Group's work will help modernize and preserve needed affordable housing rental units for Northern California families in Richmond, located just north of Oakland.

Vitus purchased the property from the John Stewart Company, a leader in multifamily housing management and provider of development and construction services to the affordable housing community.

“We appreciate being given the opportunity to acquire this property; the fact that it has been so well maintained over the years allowed for us to maximize our investment in construction improvements that will directly benefit the resident families,” said Sara Fay, director at Vitus Group. “We at Vitus Group look forward to providing modernized affordable housing units to the community next year.”

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.