PRINCIPAL

Alex Morcos

alex@evergreenpoint.net

Alex has over 20 years of software development and project management experience, including 13 years of management of large software development groups at the Microsoft Corporation.  During that time, Alex worked as a development manager and Director of Microsoft Office International and was in charge of an $80 million annual budget and oversight of a team of several hundred engineers, designers, project managers, and numerous national and international vendors.

Alex’s real estate experience is around income generating rental properties in Seattle, Bellevue, Kirkland, Shoreline, New Westminster BC, and Vancouver BC. In 2007, Alex and his business partner, Faouzi Sefrioui, built “Park Metro”, an 80-unit mixed-use apartment building in downtown Bellevue at 11101 NE 12th Street, which was the first new construction in Bellevue completed after the 2008 recession.  Park Metro opened to residents in 2014, reached stabilization in four months, and was sold in the first quarter of 2015. Following this, Alex and Faouzi acquired properties on NE 2nd street in downtown Bellevue. With Weber Thompson, a highly renowned firm in Seattle, as the architect on the project, they designed and built an 8-story, 155-unit mixed-use apartment building, named Cerasa, at 10961 NE 2nd Place Bellevue WA.  Cerasa was a great success and was sold in December 2021.   The team developed “Träd” in Shoreline with 124 residential units.  Träd obtained CFO in July 2021 and was sold in October 2021, and was renamed  by the new owners to Green Leaf Shoreline.

Alex has a BS degree in Math and Physics and a Master’s degree in Computer Systems Engineering from Supélec, France. In his spare time, Alex gives back to his community through his work as city councilmember in Medina, WA. He was elected to and served a two-year term as Mayor of the City of Medina between 2016-17.

PRINCIPAL

Faouzi Sefrioui

sef@evergreenpoint.net

Faouzi’s career in real estate spans over thirty years in the Pacific Northwest. His experience includes real estate property acquisition, finance, development, new construction and property management. He has been involved with real estate development primarily in the Greater Seattle area, as well as Vancouver BC, Canada.

Faouzi has formed several partnerships for the purpose of developing land and the construction of new multifamily projects. In 2007, he launched Evergreen Point Development with Alex Morcos. Their first project together oversaw the development of the Park Metro Apartment homes, a 80-unit project in downtown Bellevue. In 2015, Evergreen partners began work on Cerasa, a 155-unit multifamily project. With its proximity to the Sound Transit lightrail expansion, the project has helped catalyze the area’s development towards a more pedestrian-friendly community in the downtown Bellevue core.

In 2005, Faouzi was appointed by Governor Christine Gregoire to the Washington State Housing Finance Commission, where, between 2005-2013, he served as commissioner for two, four-year terms. As a commissioner, he reviewed and helped approve funding for the construction of thousands of affordable housing units with a total budget of over $500 million per year.

VICE-PRESIDENT of Acquisitions and Development

Adel Sefrioui, Esq.

adel@evergreenpoint.net

Adel is the Vice President of Acquisitions and Development at the Evergreen Point Group. He is responsible for daily management, coordination and oversight of permitting, entitlements, design teams, and all phases of construction and project close out.

Adel grew up locally and attended the University of Washington where he earned his BA in Political Science. Upon graduating from UW, Adel moved to Chicago, where he taught middle school English and Social Studies in Chicago Public Schools. Teaching in Chicago provided Adel a unique lens with which to view the educational and housing disparities affecting students growing up in low-income communities and their peers in middle-income and affluent communities. Desiring to make an impact in his home state, Adel left his Chicago classroom to first attend law school and subsequently open Excel Charter School, one of Washington State’s first charter schools. After its first year of operation, Excel was recognized locally as the highest academic performing charter school in the state, and nationally as one of six programs in 2016 to positively disrupt traditional education. 

Believing there to be an inextricable link between housing policy and student achievement, Adel switched his focus to housing and joined the Evergreen Point Group to develop mixed-income communities. It’s the foundational belief that the strongest communities are those that are inclusive, diverse, and socioeconomically integrated that energizes Adel’s work each day.

In his spare time, Adel serves on the boards of directors of the Edmonds Chamber of Commerce and the Foundation for Edmonds School District, mentors undergraduates with the University of Washington’s Business Management Consulting Program, and is a member of Seattle 4 Rotary.