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Alternative Assets  + Real Estate  | 
Evergreen Raises $1B for Residential Real Estate Investments

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.”

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Evergreen Residential Holdings

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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