Evergreen Real Estate Group has recently finished construction on Green Oaks of Goshen, a 120-unit assisted living community for low-income seniors in Goshen, Indiana. The project was completed by Evergreen Construction Company, a division of Evergreen Real Estate Group. Situated at 282 Johnston Street and costing $30 million, the four-story building replaces an empty three-acre lot on the city’s north side near existing retail and a Salvation Army building.
Gardant Management Solutions, based in Bourbonnais Illinois operates the community while Affordable Housing Partners provided LIHTC equity. The Indiana Housing and Community Development Authority also authorized Low-Income Housing Tax Credits (LIHTC) to support this project with debt financing being provided through tax-exempt bonds issued by Piper Sandler.
This is Evergreen’s first affordable assisted living development in Indiana with another currently under development within the state as well. Don’t miss out on joining industry leaders at Connect Midwest: Multifamily, Affordable Student & Student Housing Trends event taking place June 4th-6th at W-Chicago City Center Hotel where they will discuss important topics and trends within these markets that you won’t hear anywhere else! Register now to attend before Early Bird Registration ends April 19th.
