About Us
First Evergreen Properties, LLC (First Evergreen) is a real estate investment and advisory firm that provides equity investment and a broad range of advisory services targeted to the real estate industry. This service includes asset management, land entitlement and rezoning, project development, and project financing for commercial and residential real estate. Lee Goldmeier and Daniel Cohen are the principals of First Evergreen, whom along with its support staff, that includes senior property and construction managers, development directors, and investment analyst, possess the hands on experience, track record, industry relationships and creativity to successfully enhance the values of assets under ownership and management. First Evergreen currently maintains offices in New Jersey, Pennsylvania and Florida.
Since 1996, First Evergreen has sponsored investments in properties located in New York City, greater suburban Philadelphia, New Jersey, southern Connecticut, south Florida and the Caribbean markets. Twenty-four properties (primarily office buildings, shopping centers, and hotels) totaling over 2.5 million square feet with a market value of over $350,000,000 were acquired. After a focused repositioning, 15 of these properties were sold for an average internal rate of return of 25%. The existing properties in the portfolio continue to provide strong yields to investors while management activities have kept occupancies at high levels, thus supporting increased values of these assets.
Advisory Services
First Evergreen periodically provides real estate advisory services to property owners and major real estate companies on a contract basis. As part of these services, First Evergreen has provided input on modifying a property's use, advising on improvements and renovations required, representing ownership on lease negotiations, consulting and owner liaison on debt and equity financing and recommendations and implementation of processes to improve the timeliness and accuracy of rent billings. View some representative projects here.