We target A-, B, and C+ Class Assets with a value-add approach. Our strategy of targeting these property classes is rooted in the historical trend of these classes being “recession-proof.”
Located in Monaca, PA, Katerina is a 22-unit community featuring 1,467 square foot townhomes with 2 bedrooms, 1.5 bathrooms, and integral garages.
Evergreen used long-term, low-interest rate financing to acquire this property with a hold period of 7+ years. After acquisition, we employed a light value-add strategy to cure deferred maintenance and perform strategic CapEx to bump rents toward market levels.
Located in Freedom, PA sitting on 3 acres, Conway is a 2,060 square foot single-family home featuring 3 bedrooms, 2.5 bathrooms, and integral garage.
In 2022, we acquired this home as part of a portfolio in our single-family home fund: Evergreen Real Estate Fund IV LLC. We completed a total renovation of this 1933-built home, including--but not limited to--a new roof, a finished basement, and a kitchen overhaul. This heavy value-add strategy resulted in significant equity creation for Evergreen and our investors.
