Evergreen Partners

Evergreen Partners is a real estate development company focused on the acquisition, re-development, and long-term ownership of affordable rental housing. The company has offices in Maine, Massachusetts, and Florida, and since 2000 has successfully acquired and preserved or constructed over 6,000 affordable apartments across fifteen states. They specialize in bringing in new sources of subsidy, such as Low Income Housing Tax Credits and Historic Tax Credits, to comprehensively renovate properties.

The company's portfolio includes more than 24 properties consisting of over 5,500 units in 13 states, and they are growing steadily in the regions they serve. Their approach involves extending existing Section 8 contracts on a long-term basis to keep properties affordable for existing and future low-income residents. They also develop new affordable properties from the ground up, including affordable assisted living communities.

Evergreen Partners has a corporate office located at 261 Gorham Road in South Portland, Maine, with a voice number of (207) 774-6989. They also maintain satellite offices at 560 NE 44th Street in Oakland Park, Florida, and 4 Nuthatch Street in Ipswich, Massachusetts, with corresponding voice numbers for each location. These offices support their operations across the fifteen states where they have conducted business.

Some reviewers on Trustburn praise Evergreen Partners for providing a seamless experience when finding a home, noting that the staff is incredibly helpful and friendly. Users frequently mention that the staff goes above and beyond to ensure a smooth and stress-free process, answering all questions and making the experience easier. The company's commitment to resident and community focus is highlighted as a key strength by multiple reviewers.

Some reviewers on Trustburn mention that Evergreen Partners is reliable and trustworthy, with staff who are knowledgeable and always willing to assist. Users appreciate the professionalism and prompt responses to inquiries, describing the service as exceptional from start to finish. The company's ability to meet needs and ensure satisfaction is a recurring theme in the positive feedback.

Evergreen Partners has a strong track record of success, having established an exceptionally strong track record within the industry over the past twenty years. They have worked with the same firms and friends time and time again, which speaks to their integrity and reliability. This consistent approach has given them a long list of satisfied business partners, including architects, engineers, contractors, and debt providers.

The company's vision and core principles focus on stability and affordability, providing physically and operationally stable homes that low-income residents know will continue to be available. They aim to create optimal results for residents, neighbors, and broader communities through a comprehensive development approach. This dialogue with residents and local officials ensures they fully understand the needs of their residents and the role a property plays in the community.

Some reviewers on Trustburn describe the entire process of finding a home as seamless, with staff who are incredibly helpful. The service is characterized by attentiveness and a commitment to ensuring all needs are met. This level of care is reflected in the high ratings and positive comments from customers.

The company has a history of working with older federal programs such as Section 236, 221(d)(3) BMIR, and Section 8 New Construction. They also bring in new sources of subsidy like Low Income Housing Tax Credits and Historic Tax Credits to renovate properties. This mix of traditional and new subsidy sources allows them to comprehensively renovate properties from simple system replacements to complete demolition and re-building.

Evergreen Partners has a financial capacity and wherewithal to structure and implement the optimal transaction plan for a given property. They have the ability to secure debt and equity financing, consummate closings, complete construction, and satisfy all regulatory requirements. This capability has allowed them to work with a long list of satisfied business partners across the industry.

The company's executive team has more than ninety years of experience in affordable housing finance and ownership. They have remained focused in terms of property types and execution over the past twenty years, establishing an exceptionally strong track record. This focus and experience have enabled them to perform consistently in the industry.

Evergreen Partners has developed new affordable properties from the ground up, including affordable assisted living communities. They also acquire properties in good condition using a more conventional debt and equity approach. This flexibility allows them to tailor their approach to the specific needs of each property and market.

The official website of Evergreen Partners is evergreenpartnershousing.com.

On Trustburn, Evergreen Partners has a rating of 3.9 out of 5 based on 7 reviews.