Chicago-based Evergreen Real Estate Group assumes management of more than 1,300 affordable housing community units — including homes for low-income seniors — in Illinois, Minnesota, Ohio, Pennsylvania, Tennessee, Virginia and Washington, D.C.
Chicago-based Evergreen Real Estate Group, a leader in the acquisition, development, rehabilitation and management of both affordable and market-rate multifamily housing, announced it has been retained to manage 12 multifamily communities comprising a total of 1,301 units in Illinois, Minnesota, Ohio, Pennsylvania, Tennessee, Virginia and Washington, D.C. The assignments include affordable residences for families, seniors and disabled individuals, expanding Evergreen’s national management portfolio to more than 13,400 units.
“At Evergreen, our mission is to transform communities and improve lives, and we look forward to making a positive impact as we work to serve the residents who call these properties home,” said John Kennedy, executive vice president of operations for Evergreen Real Estate Group. “These new additions to our portfolio expand our footprint throughout the Midwest and continue our growing presence in the mid-Atlantic states and beyond.”
The new management assignments include the following properties
• Bellwood Senior Apartments – 80-unit new-construction affordable senior housing
• Ewing Square Townhomes – 23-unit affordable housing in Minneapolis Minnesota
• Mississippi View – 96-unit affordable housing community in Coon Rapids Ohio
• Page Tower – 169-unit affordable housing community in Cincinnati Ohio
• Autumn Brook Apartments – 150-unit affordable housing in Greensburg Tennessee
• Colony Square Apartments – 80-unit affordable housing in Smyrna Tennesse
• Hickory Hollow Towers – 154-unit affordable senior housing in Antioch Virginia
• The Grove at Flynn’s Crossing – 168-unit affordable housing in Ashburn Virgina
• Mallside Forest Apartments – 160-unit affordable housing in Charlottesville Virginia
• Massanutten Manor Apartments – 116-unit affordable senior housing in Virginia
• Glenn Arms Apartments – 57-unit affordable housing in Washington D.C.
• Hedin House Apartments – 48-unit affordable housing in Washington D.C.
These communities comprise a mix of both family and senior housing developments that include third-party fee management assignments as well as affiliated acquisitions. In addition, one property is the newly constructed Bellwood Senior Apartments, an 80-unit independent living community developed by Evergreen.
“As a firm that owns and operates its own residential developments like Bellwood Senior Apartments, Evergreen is uniquely positioned to provide third-party management services that align our firm’s values and capabilities with the needs of each individual community,” said Kennedy. “We are pleased to bring our full-service approach to these communities, benefiting both our owner and resident clients.”
Founded in 2001, Chicago-based Evergreen Real Estate Group is a fully integrated multifamily company that develops, acquires and manages affordable and market-rate apartments for both seniors and families across 14 states and the District of Columbia. From the adaptive reuse of historic buildings to ground-up development in cities and towns facing a shortage of affordable housing, Evergreen employs innovative housing solutions shaped by a passionate, cross-disciplinary team of developers, architects, urban planners and attorneys who have come together to create high-quality apartment communities, often in collaboration with local municipalities and financial partners who share their vision of investing not just in real estate, but also the people who call the firm’s communities home. Evergreen currently owns and manages more than 13,400 units of multifamily housing.
