Evergreen Real Estate
Evergreen Real Estate is a privately held, vertically integrated real estate development and property management firm founded in 2000, serving investors, property owners, and affordable housing sponsors across Tennessee, Kentucky, and Alabama via development services, investment syndication, and recurring multifamily property management of 3,000+ units.
- Company typePrivate
- Founded2000
- HeadquartersNashville, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Evergreen Real Estate does
Evergreen Real Estate is a privately held, vertically integrated real estate development and property management firm founded in 2000 and headquartered in Nashville, Tennessee. The company delivers full-spectrum real estate services across four primary lines: investment opportunities (allowing outside investors to co-invest in Evergreen projects), development services (land acquisition, zoning, permitting, and construction for residential and commercial properties), affordable housing development (specialized LIHTC work led by an HCCP-certified President), and recurring multifamily property management covering 3,000+ apartment units across Nashville, Chattanooga, and Alabama. Its track record includes 1,552+ developed units across named projects such as Lofts at Werthan (302 condos, Nashville), the Cameron Harbor master-planned community in Chattanooga (comprising five sub-projects totalling 488 units), District at Seven Springs (280 apartments), Ashton Brook (274 apartments, Louisville), and Knoxville Landings (206 units), executed in partnership with core construction delivery partner Highland Building Group.
The business model blends project-based developer fees with recurring property management fees; pricing is quote-based and not publicly disclosed. GTM is primarily direct sales to real estate investors, property owners, and affordable housing sponsors in the Tennessee, Kentucky, and Alabama markets, supplemented by organic social marketing on Facebook, Twitter, Instagram, and Google Places. Evergreen operates as an end-to-end integrated platform rather than a modular product, combining investment syndication, full-stack development, regulatory expertise, and ongoing asset management under one firm.
Leadership is co-founder-led: Principals Aaron White (former CB Richard Ellis SVP, Vanderbilt Economics) and Hunter Connelly (former Core Development co-founder, Sewanee Economics) anchor deal sourcing and finance, while President Tabitha Isbill (HCCP-certified, 25 years of property management) runs the property management platform with 10–25+ years of experience respectively. Controller Jonathan Gish and Associate Asset Manager/Marketing Director Jeremy Batson round out the operating team. The firm is founder-owned with no disclosed institutional investors, parent entity, or recent funding rounds beyond a single $4M round in January 2014.
Evergreen Real Estate firmographics
Firmographics- Name
- Evergreen Real Estate
- Legal name
- Evergreen Real Estate
- Website
- https://evergreenrealestate.com
- Company type
- Private
- Founded year
- 2000
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Evergreen Real Estate is a privately held, vertically integrated real estate development and property management firm founded in 2000, serving investors, property owners, and affordable housing sponsors across Tennessee, Kentucky, and Alabama via development services, investment syndication, and recurring multifamily property management of 3,000+ units.
- Ownership category
- akta.pro rank
Evergreen Real Estate industry classification
Industry- Product category
- Real Estate Development
- NAICS
- Land Subdivision (2372), Real Estate Property Managers (53131)
- SIC
- Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Manufactured Housing / Mobile Home Park Management (BPAJAFAG)
Keywords
Where Evergreen Real Estate is headquartered
LocationHeadquarters
- HQ city
- Nashville
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Evergreen Real Estate business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Marketing or Sales
Revenue model
- Development Services: Full-service real estate development including land acquisition, zoning, permitting, and construction for residential and commercial properties
- Investment Opportunities: Investment opportunities in Evergreen projects for clients and investors
- Property Management: Property management services for multifamily investments; Tabitha manages 3,000+ apartment units
Distribution channels1 record
Marketing channels4 records
Evergreen Real Estate product offering
Product offeringCore offering
Evergreen Real Estate is a real estate development and property management firm offering end-to-end services including investment opportunities, full-service development (land acquisition, zoning, permitting, construction), affordable housing development, and multifamily property management. The firm delivers new construction, historic rehabilitation, and mixed-use projects across Tennessee, Kentucky, and Alabama markets.
Product overview
Evergreen Real Estate is a real estate development company offering a portfolio of services including investment opportunities, development services, affordable development, and property management. The company operates as a single integrated offering rather than a modular platform, providing end-to-end real estate development from land acquisition through construction and property management. Their portfolio includes multiple named projects across Tennessee, Kentucky, and Alabama, including historic rehabilitations (Lofts at Werthan, Ashton Brook), new construction multi-family developments (Cameron Harbor, District at Seven Springs, Vista Cameron Harbor, Knoxville Landings), and mixed-use projects (Exchange at Cameron Harbor).
Differentiator
Problem solved
Functional benefit
Products and services
- Investment Opportunities
Companies that use Evergreen Real Estate
Customer profileSegments3 records
Ideal customer profiles1 record
Evergreen Real Estate technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Evergreen Real Estate partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Highland Building GroupcoreEvergreen Real Estate partners with Highland Building Group to deliver quality and efficiency on every development project. Cory Short serves as President of Highland Building Group and has 20 years of construction experience totaling over $200 million in residential portfolio and over $60 million in commercial construction and rehabilitation.
Scale indicators4 records
Recent moves6 records
Expansion highlights4 records
Evergreen Real Estate competitors and assessment
Company assessmentDirect peers
- Core Development: Co-founder Hunter Connelly's previous firm, focused on in-fill neighborhood development and renovation in the Southeast — a direct comparable to Evergreen's mixed-use and multifamily development activity.
- RangeWater Real Estate: Multifamily developer and operator active across the Southeast US, building and managing garden-style and mid-rise apartment communities — closely aligned with Evergreen's multifamily development and property management model.
- Elmington Capital Group: Nashville-based real estate investment, development, and property management firm operating multifamily, affordable housing, and mixed-use projects across the Southeast — direct overlap with Evergreen's Nashville footprint and service lines.
- Bell Partners: One of the largest multifamily operating companies in the US, with both development and property management capabilities — comparable to Evergreen's vertically integrated multifamily platform.
- Wood Partners: National multifamily developer with deep Southeast US activity, building Class A garden and mid-rise apartments — comparable in product type and target renter base to Evergreen's multifamily portfolio.
- Hawthorne Residential Partners: Multifamily development and management firm focused on the Southeast and Mid-Atlantic — directly comparable operating model and geographic footprint to Evergreen.
Broad incumbents
- MAA (Mid-America Apartment Communities): Large multifamily REIT headquartered in the Southeast (Memphis/Germantown, TN) with an extensive Sun Belt apartment portfolio — a scaled incumbent in the same regional multifamily market Evergreen operates in.
- Cushman & Wakefield (formerly CB Richard Ellis): Global commercial real estate services firm where co-founder Aaron White previously served as SVP — comparable as a full-service real estate platform, though much larger and broader in scope than Evergreen.
- JLL (Jones Lang LaSalle): Global real estate investment and management firm offering development advisory, property management, and capital markets services — comparable service breadth but at vastly larger scale than Evergreen.
Regional players
- Bristol Development Group: Tennessee-based multifamily developer focused on the Southeast US — closely comparable in geography and product type to Evergreen's regional multifamily development activity.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks4 records
Key highlights6 records
Customer concentration
Evergreen Real Estate social profiles
Digital presenceEvergreen Real Estate financial estimates
Financial estimateRevenue estimate
Valuation estimate
Evergreen Real Estate leadership team
Management profileNumber of profiles
Profiles5 records
Evergreen Real Estate funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Evergreen Real Estate M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Evergreen Real Estate
What does Evergreen Real Estate do?
Evergreen Real Estate is a real estate development and property management firm offering end-to-end services including investment opportunities, full-service development (land acquisition, zoning, permitting, construction), affordable housing development, and multifamily property management. The firm delivers new construction, historic rehabilitation, and mixed-use projects across Tennessee, Kentucky, and Alabama markets.
Is Evergreen Real Estate a public or private company?
Evergreen Real Estate is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Evergreen Real Estate founded?
Evergreen Real Estate was founded in 2000. It employs 11 to 50 people.
Where is Evergreen Real Estate based?
Evergreen Real Estate is headquartered in Nashville, United States, in the North America region.
How does Evergreen Real Estate make money?
Three revenue lines are on record. Development Services are the primary driver. The others are investment Opportunities and property Management.
Who are Evergreen Real Estate's main competitors?
Direct peers on record are Core Development, RangeWater Real Estate, Elmington Capital Group, Bell Partners, Wood Partners and Hawthorne Residential Partners. Broad incumbents are MAA (Mid-America Apartment Communities), Cushman & Wakefield (formerly CB Richard Ellis) and JLL (Jones Lang LaSalle). Bristol Development Group is listed as a regional player.
Does Evergreen Real Estate have an API?
No public API is recorded for Evergreen Real Estate.
What industry is Evergreen Real Estate in?
Evergreen Real Estate's product category is Real Estate Development. Its primary akta.pro industry code is BPAJAFAG, Manufactured Housing / Mobile Home Park Management. Its NAICS code is 2372 and its SIC code is 6552.