VMD Companies, Inc. is a U.S. commercial real estate investment, development, and operating firm based in North Andover, Massachusetts. The company focuses on opportunistic and value-add commercial real estate investments, pursuing acquisition, entitlement, development, repositioning, and disposition strategies across multiple asset classes including industrial, logistics, office, retail, mixed-use, and multifamily properties. VMD’s investment approach emphasizes acquiring assets below intrinsic value and replacement cost, underwritten through institutional-style analysis and executed with hands-on asset management and construction expertise.

Founded in 2004 by James L. Vitas II, VMD Companies has developed a vertically integrated platform that spans acquisition and underwriting, construction management, property management, leasing, financial reporting, and full-cycle development services. Leadership also includes experienced investment and development professionals who oversee portfolio strategy and capital partner relationships.

The firm’s portfolio includes a range of high-profile commercial real estate projects in New England and beyond, such as industrial parks, build-to-suit facilities, mixed-use developments, and multifamily residential communities. Its strategy includes both ground-up development and value-add repositioning, actively engaging in entitlement and construction oversight while cultivating long-term income and capital appreciation opportunities across diverse markets.