By InBusiness Phoenix
Evergreen Development announced its successful acquisition of The CORE, a fully entitled and permitted planned luxury multifamily community consisting of 260 units to be located immediately west of Banner Gateway Medical Center at US 60 & Higley. Hunting for well-located apartment sites in strong Metro Phoenix submarkets, Evergreen pounced on the opportunity to work with Oakdale Communities to purchase the property.
Evergreen negotiated and executed the Purchase and Sale Agreement in less than one week, followed 90 days later with a fully completed acquisition that included assuming the City-approved entitlement and architectural plans.
In a development market where due diligence, underwriting, and capital funding frequently extends six months or more, Evergreen’s speed reflects its highly efficient and deliberately engineered capital execution platform. It’s an accomplishment that stands out as exceptionally rare in today’s challenging and volatile financial environment.
