COMPANY Experience

37Hundred Bienville

NEW ORLEANS, LA

37Hundred Bienville was one of the largest townhome developments constructed in New Orleans. With over 58,000sf of residential space between the 20 total units, its overall scale and design are set to leave a legacy in Mid City New Orleans for years to come. VPG served as both the lead developer and general contractor with a full sell out of the development occurring in Aug 2019.

PROPERTY TYPE

Condominiums

UNITS

20

COMPLETION DATE

April 2019

FINANCING

 Home Bank / Liberty Bank

COMPANY Experience

Azalea Gardens & River Town Apartments

GRETNA and KENNER, LA

The Gretna Portfolio consists of 2 complexes: Azalea Gardens Apartments in Gretna, LA and Rivertown Apartments in Kenner, LA. VPG implemented its value-add strategy to the 102-unit apartment portfolio with extensive renovations to the exteriors, interiors, and infrastructure of the development. VPG’s management group has been able quickly lease-up the units as soon as renovations are completed.

PROPERTY TYPE

Market-Rate Multifamily

UNITS

102

COMPLETION DATE

Fall 2022

FINANCING

Goldman Sachs

COMPANY Experience

The Banks Apartments

NEW ORLEANS, LA

The Banks Apartments are located in the Algiers neighborhood of New Orleans. VPG implemented its value-add strategy to the apartment complex with extensive renovations to the exteriors, interiors, and infrastructure of the development. VPG’s management group has already seen great strides in the overall culture of the property with wholistic buy in from the neighborhood and city officials and in the process of a second phase of expansion on site.

PROPERTY TYPE

Market-Rate Multifamily

UNITS

108

COMPLETION DATE

March 2019

FINANCING

Home Bank

COMPANY Experience

GNO Portfolio

GREATER NEW ORLEANS, LA

Prior to VPG taking ownership, this 124-unit development was a family-owned investment purchased and rehabbed in 1983. The current owner was looking to retire and as such neglected most of the day-to-day management activities required to optimize this property. After purchasing the property, VPG implemented its value-add strategy to extensively renovate and upgrade the property’s interiors, exteriors, amenities, and landscaping over an 8-month period. This investment allowed us to raise monthly rents from $600 to $725 and stabilize rental operations.

PROPERTY TYPE

Market-Rate Multifamily

UNITS

124

COMPLETION DATE

August 2017

FINANCING

Freddie Mac

COMPANY Experience

WoodBridge Apartments

HARVEY , LA

Prior to VPG taking ownership, this 26-unit development was a family-owned investment purchased that was rehabbed in 2005. Rents for each unit were $550/month. The prior owner had neglected most of the day-to-day management activities required to optimize the property. VPG renovated and upgraded the property’s interiors, exteriors, amenities, and landscaping over a 7-month period. This investment allowed us to raise monthly rents from $550 to $725 and stabilize rental operations.

PROPERTY TYPE

Market-Rate Multifamily

UNITS

26

COMPLETION DATE

August 2017

FINANCING

Freddie Mac

COMPANY Experience

Le Trianon Condos

NEW ORLEANS, LA

The Le Trianon Condo development is nestled in the Royal Street corridor of the French Quarter in New Orleans. The 3rd and 4th floors of this 130-year-old building were converted into luxury condominiums with a complete sell out within 2 months. Each unit featured antique heart pine flooring, chef kitchens, and spa inspired bathrooms. VPG served as the developer and construction manager on the project working closely with the Vieux Carre’ Historic Preservation Commission to ensure overall compliance.

PROPERTY TYPE

Condominiums

UNITS

3

COMPLETION DATE

May 2015

FINANCING

Private

COMPANY Experience

Chambre de Honneur

NEW ORLEANS, LA

The Chambre de Honneur project was a conversion of a 10-bedroom boarding house into two luxury condominiums in the French Quarter. VPG served as both the developer and construction management on the project which would go on to set a record for price per square foot in the French Quarter at the time. Taking the property from a gutted shell abandoned after Katrina and retrofitting the building with modern amenities and converting unused attic areas to living spaces.

PROPERTY TYPE

Condominiums

UNITS

2

COMPLETION DATE

May 2014

FINANCING

Private