The
first project Fitch Development completed was a 123-unit
luxury active-senior apartment project in Prescott, Arizona. The
project was completed in 12-months, under budget and ahead of
schedule. The project was sold 2 years later to a private investor
for double it’s building cost.
This success was due to the cost control realized by
Fitch Development because of its association with the
construction and material divisions of Fitch Industries, Inc. This
structure, combined with the fact that the senior market is almost
recession proof, creates a unique investment opportunity.
