The Chalmette Portfolio is a 288-unit, four-property garden-style multifamily development positioned minutes from downtown New Orleans, one of the Gulf South's most supply-constrained rental markets. Each of the four communities comprises 72 units across four residential buildings, offering a well-balanced mix of one, two, and three-bedroom floor plans anchored by a dedicated clubhouse.​

The portfolio's income profile is engineered for durability. Of the 288 units, 200 are income-restricted to households at or below 30% and 60% of Area Median Income, delivering deep, recession-resilient tenant demand and stable occupancy through market cycles. The remaining 88 unrestricted units capture full market-rate rents, providing meaningful upside and rent growth optionality that complements the stability of the restricted base. The result is a blended cash flow profile that pairs defensive income with organic growth potential.​

VPG acquired the portfolio in February 2026 and moved immediately to execute a targeted capital improvement program spanning leasing office modernization, unit interior renovations, building exterior enhancements, and critical infrastructure upgrades. This disciplined value-add plan is designed to elevate asset quality, drive rent premiums, and reposition the communities for long-term performance. Full stabilization is targeted for Q1 2027.​