
Evergreen Raises $1B for Residential Real Estate Investments
Evergreen Residential Holdings has raised approximately $1 billion amid institutional demand for residential real estate-related assets. The firm offers investments through equity, lending and property management.
Dallas, TX-based Evergreen also announced that Kuvare Holdings, a financial services platform, has made a strategic investment in the firm. Evergreen previously received a strategic investment from an affiliate of Prosperity Asset Management (PAM), an insurance-focused asset manager specializing in private and public credit opportunities and origination platforms.
“In our view, the U.S. residential asset class is highly fragmented and primed for further institutionalization,” said Joseph Negri, Evergreen founder and CEO. “The shortage of available housing units relative to the number of families needing homes nationwide is estimated to be in the millions, creating strong tailwinds for our growth.”
