Evergreen Real Estate Group Does Residential Development Right
From adaptive reuse of historic buildings, to market-rate multifamily complexes in high-demand areas, to value-added acquisitions of existing apartment buildings, to new assisted-living and memory care facilities serving the needs of today’s seniors.
Evergreen’s team of development, finance, legal, and property management experts understand the specific requirements of multifamily real estate development in a wide range of markets.
Experience, Commitment, and Creativity
Our development approach brings careful analysis of the market together with creative approaches to project financing and deep experience with building design and construction, resulting in thoughtful, well-designed and well-managed buildings.
If you are a community seeking a responsible developer, or a broker offering a vacant site, adaptive reuse candidate, or existing apartment complex, please contact Steve Rappin, Evergreen’s president, to discuss how we can help.
Project Profiles & Case Studies Evergreen’s Impact Transforming Affordable Multifamily Housing
From new development to adaptive reuse projects, we’ve built long-lasting partnerships with community leaders and worked alongside various stakeholders to create vibrant housing communities and improve lives across the U.S.
Evergreen Offers 100+ Years of Combined Experience
Evergreen’s development principals share a combined knowledge of nearly 100 years of experience in the industry through various functions as owner, lawyer, consultant, property manager, educator, architect and urban planner.
Evergreen is a responsible, involved partner in creating new and revitalized affordable housing. We believe our role in the development process is to bring the local vision to life, and to help realize the development process with our expertise in the complex financing and rigorous development schedules required to build many types of affordable housing.
Development – Affordable Housing
Evergreen’s Development division is one of the most innovative, dedicated, and resourceful real estate developers in the Midwest. The division develops, finances, constructs, and operates high-quality affordable and mixed-income multifamily housing developments in a range of communities, from the heart of Chicago, to smaller suburban communities, to major metropolitan areas beyond Chicago.
Our project portfolio includes new construction, adaptive reuse of historic structures, and mixed-use properties incorporating both residential and commercial or institutional components. Evergreen regularly partners with local municipal officials and nonprofit organizations to identify the most suitable program for a given site, and to achieve the project’s vision through the creative use of complex public and private financing tools.
Acquisition & Preservation
Evergreen’s Acquisitions team is an active buyer of stable and value-add, market rate and affordable multifamily properties.
With deep knowledge of tax credit financing, tax-exempt bonds, FHA insured and conventional loan products, and Section 8 contract options, we take a creative approach to project finance that builds on Evergreen’s reputation as a best in class property manager. This combination of excellent property management and creative finance enables us to offer competitive pricing to sellers while maintaining strong returns for our investors and ensuring that the properties we purchase are well-maintained, providing safe, high-quality homes for residents.
Delivering award-winning design under pressure.
Throughout every phase, Evergreen protected the integrity of the architects’ vision while meeting aggressive budget and timeline goals so the library and housing complemented one another seamlessly.
Andrea Telli
Former Commissioner, Chicago Public Library
Comprehensive Real Estate Services Our Full-Service Approach
We have the expertise to meet all housing needs.
We bring an integrated approach to our services by blending our real estate and financing expertise with community-first values. The result? Housing that meets real needs and helps people lead fuller lives.
Together We Can Build Exceptional Communities
Partner with mission-driven, full-service real estate experts. Whether your goal is to manage, develop, repurpose, or revitalize a property, our team will deliver meaningful results.