Fairfield, N.J. — Evergreen Equity Partners has announced a new investment program that will target student housing properties in the Southeast. Evergreen plans to directly acquire, by itself or through joint ventures, multifamily properties that include student housing as well as condo and mixed-use assets. The company will also manage, develop and reposition the property types. States that will be targeted for the acquisition program include Alabama, Florida, North Carolina, South Carolina and Texas. In addition, Evergreen plans to purchase performing and non-performing commercial real estate loans within this target market. A representative from Evergreen did not respond to a request for comment before press time.
— Coleman Wood