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Evergreen
Properties is a principal
and acquires properties strictly for its own portfolio.
Whether
buying one property or an entire portfolio, Evergreen
Properties is always attracted to the exploration of new acquisition
opportunities. With our mixture of long-term investment
and real estate professionals, we can provide simple acquisitions
or more complex transactions.
Evergreen Properties focuses mainly on acquisitions
in metropolitan areas, particularly Michigan, Florida
and Nevada. We also search for shopping centers in less traditional
areas such as university markets and ethnic communities.
As a private, long-term investor, Evergreen
Properties has a wide range of types of acquisitions from vacant
land and existing shopping centers to self-storage facilities and
used car lots. Centers that are capable of producing strong
consumer traffic are very attractive, as are fully leased, consistent
assets. Acquisitions in which there is a new mortgage of an
existing morgate debt will be considered, however our preferred
method is land contract.
At Evergreen Properties, shopping
center and commercially zoned vacant land are part of our daily
business. Since 1990, we have acquired millions of square
feet of retail space in many acquisitions by providing sellers
with the flexibility and market terms they desire. With
established relationships with lenders, Evergreen Properties secures
attractive financing opportunities.
Company Overview:
Evergreen Properties owns and manages a diverse portfolio of real
estate across the United States.
Asset Type:
Evergreen Properties is looking for vacant land, individual neighborhood
shopping centers, anchored or unanchored self-storage facilities
in Michigan, Florida and Nevada that are:
- Anchored, non-anchored or shadow-anchored
- Located in highly developed areas that have good
infill locations
- Stabilized properties whose income is consistent
and in place
- Commercially zoned vacant land
- Evergreen Properties is not looking for projects
that need to be re-tenanted or re-developed
Investment Level:
Evergreen Properties has a minimum level of investment of $150,000.00
and a maximum level of $25 million.
Structure:
Evergreen Properties transaction structure includes:
- Land Contract (preferred method)
- New Mortgage
- Existing debt assumption
- Seller financing
Closing Process:
Evergreen Properties prides itself as a purchaser due to:
- Minimum to no contingencies
- In-house management, Leasing and legal knowledge
that enables Evergreen Properties to shorten closing time frames.
- Ability to close in 60 days
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