A master of all construction-related trades, Yitz was schooled in the university of life. At age 19, he was thrown into the world of real estatement management, managing the complete overhaul of Waterbury’s 140-unit Carlton Towers on his own. Yet instead of sinking, Yitz swam upstream, learning from every challenge and broadening his knowledge base along the way.
From there, Yitz moved on to building and developing custom homes, where his skill sets grew to include understanding lenders and loan types, satisfying homeowners — and finding just the right shade among 497 different white paints.
Today, Yitz regularly syndicates deals in the $20-45M range. It was largely due to his expertise and insight that Axela Group grew from a small start-up to a national construction, development and management firm with $100M in projects across the country—including Illinois, Michigan, Georgia, Rhode Island, Connecticut and New York—in less than a decade. He was also at the forefront of the company’s expansion to property management and, more recently, self-storage conversions.
As a result, the company’s portfolio now includes ownership and management of close to 1,000 residential units and commercial assets over 1 million square feet, a combined property value in excess of $100 million.
Thanks to his keen analysis, Yitz knows a good deal when he sees one. And above all, Yitz values transparency. He believes investors should have access to real-time metrics on operations and costs, and he makes sure they do, helping them make decisions to reach their financial goals.
When he’s not researching a property or raising capital for his next project, he’s out running a volunteer ambulance call, organizing a community event — or playing a practical joke on his family.