This 124-unit portfolio of 4 properties came to VPG as a classic mismanagement opportunity. Family-owned since its 1983 acquisition and rehabilitation, the property had drifted under an owner approaching retirement who had stepped back from the active, day-to-day management the asset required. The result was a well-located community operating well below its potential, with rents averaging well below market rates.​

VPG recognized the embedded upside and moved decisively. Over an eight-month execution window, the firm deployed capital into a thorough repositioning of the asset, renovating and upgrading unit interiors, building exteriors, amenities, and landscaping to reset the community's quality and market appeal. The results validated the thesis. VPG lifted average monthly rents by over 20%, while stabilizing rental operations across the property. ​

This transaction exemplifies VPG's value-add philosophy: sourcing quality assets held back by passive ownership, then releasing their full earning potential through disciplined, hands-on execution. VPG has since sold one of the assets and continues to own and operate the remaining 3 totaling 91 units.​