Vi (formerly known as Classic Residence by Hyatt) is a national developer, owner and manager of high-end retirement communities across the United States.[1] It is a privately held corporation founded in 1987 by its former Chairman, Penny Pritzker.[2] As of September 2012, the company houses over 4,000 residents and employed 2,621 workers.[3] Senior Housing Properties Trust purchased Vi's rental portfolio in December 2011.[4]
Vi founder Penny Pritzker no longer chairs the company she established nearly 25 years ago. Ms. Pritzker left Vi in early January to focus on her new investment firm. Pritzker family business interests continue to own the company.[5]
Vi is a distinct business entity from Hyatt hotels and Global Hyatt Corporation.