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Alternative Assets  + Real Estate  |  November 19, 2024
Evergreen Raises $1B for Residential Real Estate Investments
Joe Palmisano
By: Joe Palmisano

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 of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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