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Chicago & Midwest  + Midwest  + Apartments  |  May 15, 2020
TerraCRG in $41.8M Sale of Brooklyn Apartment Portfolio
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By: Paul Bubny

Evergreen Adds Nearly 1,000 Units to Management Portfolio

Evergreen Real Estate Group has been retained to manage affordable housing communities comprising a total of 971 units across Illinois, Minnesota, Ohio, Pennsylvania and Wisconsin. The assignments include a mix of affordable housing for families, seniors and disabled individuals, expanding Evergreen’s management portfolio to 8,500 units throughout the U.S.

The new management assignments include the following properties:

• Oso Apartments, 48 units, Chicago
• Humboldt Ridge Apartments, 10 units, Chicago
• Independence Apartments, 44 units, Chicago
• Northtown Apartments, 44 units, Chicago
• Oakridge Village Apartments, 90 units, Antioch, IL
• Holmes Greenway Housing, 54 units, Minneapolis
• Eastridge Estates, 126 units, Rochester, MN
• Oak Park Village Apartments, 100 units, St. Louis Park, MN
• Pelham Manor, 101 units, Toledo, OH
• Greenview Gardens Apartments, 137 units, Butler, PA
• Golda Meir House, 127 units, Milwaukee

As property manager, Evergreen will oversee site-level operations and, in some communities, spearhead capital improvements using low-income housing tax credits and other subsidies.

Pictured: Oso Apartments.


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For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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