Evergreen Development, LLC acquired the Pinecrest Townhomes at 15301 West 128th St. in Olathe KS, from 127th & Blackbob Associates, LLC on for $17.9 million, or approximately $124,000 per unit. The cap rate was 6.15% at time of sale. This was the sixth 1031 Exchange purchase for Evergreen Development, LLC this year, with two more planned before the year is over.