Current Projects

Cascades Pointe of Blacksburg – Phase Two

VIP is currently adding 24 new two-bedroom, two-bathroom units to the Cascades Pointe of Blacksburg Apartments complex. The new apartments will be completed in Spring 2011, and will be marketed and leased by September 2011.

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Cascades on the River in Athens, Georgia

VIP purchased the 84-unit apartment complex in March 2006. VIP renovated all of the units, marketed and sold 7 of them within 24 months, and rented out all of the remaining 77 units over the last two years.

Property Website: www.cascadesontheriver.com

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Cascades Pointe in Augusta, Georgia

VIP purchased the 61-unit (composed of 203 beds) apartment complex in April 2009. VIP renovated, marketed, and leased the entire project to 100% occupancy in the span of 5 months.

Property Website: www.cascadespointeaugusta.com

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Cascades Pointe at Clemson in Central, South Carolina

VIP purchased the 28-unit apartment complex in February 2009. VIP renovated, marketed, and leased the entire project to 97% occupancy in the span of 6 months.

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Cascades Grandview in Greensboro, North Carolina

VIP purchased the 228-unit apartment complex in April 2010. VIP is currently renovating, marketing, and leasing the complex for the 2011-2012 school year.

Property Website: www.cascadesgrandview.com

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Cascades Classic City in Athens, Georgia

Summary: VIP purchased the 164-unit apartment complex in August 2010. VIP is currently renovating, marketing, and leasing the complex for the 2011-2012 school year.

Property Website: www.cascadescity.com

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Cascades Overlook in Augusta, Georgia

VIP purchased the 104-unit apartment complex in January 2010. To date, VIP has renovated the units in the first phase of the project and has leased those units. The remaining units will be completed by Summer 2011, and will be marketed and leased by the end of 2011.

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Boudreaux Roof Project in Charlotte, North Carolina

Plans are under way for a roof top bar addition to the Boudreaux’s Louisiana Kitchen.