The Banks Apartments are in the Algiers submarket of New Orleans LA. VPG is currently in the process of
implementing 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. The total development cost for this project was $5,305,000 and reached stabilization in Feb 2019.