Prior to VPG taking ownership, this 124-unit development was a family-owned investment purchased and rehabbed in 1983. Current rents for each unit averaged $600/month. 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 invested in capital improvements 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.