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.
After investing over $7,200,000 in development costs in the development over 15 months, the portfolio reached full stabilization in Q4 2022 with a cash out refi-executed.