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Evernest

Full company profile

uuid00ymxx4

Namestring
Evernest
Legal namestring
Evernest, LLC
Websiteurl
evernest.co
Company typeenum
Private
Founded yearint
2003
Descriptiontext

Evernest is a Birmingham, Alabama-based full-service residential property management company and real estate brokerage founded in 2003, operating as Evernest, LLC. The company manages 16,000+ single-family, condominium, and small multifamily (2-50 unit) rental properties across 30+ U.S. markets spanning the Southeast, Southwest, Midwest, Northeast, and West Coast. Its customer base consists of individual rental property owners, small-to-medium multifamily investors, and active real estate investors building rental portfolios; the company also serves residential tenants as a secondary user group through its AppFolio-powered portals. Evernest offers an integrated service suite including tenant placement, rent collection, maintenance coordination, financial reporting, eviction handling, brokerage (buy/sell investment properties), Section 8 housing management, and a lease-only option for DIY landlords.

The company's underlying technology stack is built on AppFolio as the core property management platform for owner and resident portals, online rent payment, lease management, and accounting, supplemented by a proprietary internal project management system used to track maintenance requests and coordinate the in-house maintenance team. Distribution and marketing are multi-channel: a network of market-specific microsites (e.g., atlantapropertymanagement.com, dallas-property.management) drives local SEO, listings are syndicated to Zillow/Trulia/HotPads, and content assets include 'The Evernest Property Management Show' podcast, 'The Nest' weekly newsletter, a blog, YouTube, LinkedIn, and the Evernest Community platform. Emerging AI capabilities include AI-enhanced listing photography, an AI-driven 3-step resident underwriting process, a data-driven cashflow calculator, and externally-hosted ChatGPT/Claude chatbot integrations on the leasing page.

The business model combines recurring monthly property management fees (primary revenue stream, subscription-style per managed unit), transaction-based brokerage commissions on investment-property buy/sell activity, in-house maintenance services billed hourly plus materials (with a 12-month warranty), and one-time lease-only fees for DIY landlords. Go-to-market is hybrid: sales-led engagement with dedicated property management professionals targets property owners and investors; product-led digital self-serve channels (online rental search, application processing, rent payment via AppFolio) serve residents; and community-led investor education via content, podcast, and free analytical tools (Cashflow Calculator, Free Rental Analysis) generates top-of-funnel demand. The company is privately held with no disclosed institutional funding rounds, has earned Inc. 5000 recognition, BBB 100% accreditation, and features in major publications including Yahoo, WSJ, AP, and BBJ.

Short descriptiontext

Evernest is a Birmingham-based full-service residential property management company and real estate brokerage managing 16,000+ single-family and multifamily rentals across 30+ U.S. markets. It serves individual property owners and investors with tenant placement, rent collection, maintenance, brokerage, and investor-education tools.

Operating statusenum
Operating
Ownership categoryenum
akta.pro rankint
HeadquartersBirmingham, United States
HQ citystring
Birmingham
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
residential property management, real estate brokerage, tenant screening services, rent collection services, multifamily property management
Industry2 codes
1Multifamily Apartment Property Management
CodeBPAJAFAAPrimaryYes
2Single-Family Rental (SFR) Property Management
CodeBPAJAFABPrimaryNo
NAICS code2 codes
  • Residential Property Managers531311
  • Real Estate Property Managers53131
SIC code2 codes
  • Real Estate Agents & Managers (For Others)6531
  • Operators Of Apartment Buildings6513
Product category
Residential Property Management
Social media profiles2 records
GTM motion3 records

Each record includes

Type, Description, Source

Revenue model4 records
1Property Management Fees
TypeSubscription Recurring
Description

Ongoing property management services for single-family and multifamily properties including tenant placement, rent collection, maintenance coordination, and financial reporting

evernest.co
2Brokerage Commissions
TypeTransaction Fee
Description

Real estate brokerage services for buying and selling rental or investment properties, generating transaction-based revenue

evernest.co
3Maintenance Services
TypeSubscription Recurring
Description

In-house maintenance team providing repairs, renovations, and preventative maintenance with charges based on hourly rates plus materials cost

evernest.co
4Lease-Only Services
TypeOne Time License
Description

Professional lease-only product for DIY landlords who want marketing, screening, and lease execution without ongoing management

evernest.co
Marketing channels10 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels4 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Pricing details3 tiers
1Full-Service Property Management
ModelSubscriptionBilling cadenceMonthly
Notes

Full-service property management includes tenant placement, rent collection, maintenance coordination, financial reporting, and 24/7 support. Pricing available upon request.

evernest.co
2Lease-Only Service
ModelOne time/ perpetual licenseBilling cadencePay-as-you-go
Notes

Marketing, screening, and lease execution without ongoing management commitment for DIY landlords

evernest.co
3Maintenance Services
ModelUnit PricingBilling cadencePay-as-you-go
Notes

Charges based on hourly rate plus cost of materials used. 12-month warranty on all work performed.

evernest.co
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Evernest provides full-service residential property management for single-family homes, condos, and small multifamily buildings across 30+ U.S. markets, managing more than 16,000 rentals. The offering bundles tenant placement, rent collection, maintenance coordination, financial reporting, and eviction handling, with complementary real estate brokerage services for buying and selling investment properties and in-house 24/7 maintenance.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • 20,000+ unique website visitors per month
+2 more records
Product overview1 text field

Evernest is a full-service property management company and real estate brokerage operating a platform-plus-services model. The core offering is residential property management for single-family homes, condos, and small multifamily buildings, supplemented by complementary service modules including leasing services, rent collection, in-house maintenance services, accounting, eviction handling, and Section 8 housing management. Additional offerings include brokerage services for buying and selling investment properties, investor-friendly agent access, a free cashflow calculator tool, free rental analysis reports, and a lease-only option for DIY landlords. The company integrates with AppFolio for property management portals, and syndicates listings to major platforms including Zillow, Trulia, and HotPads.

Product and service11 records
1Full-Service Property Management
CategoryProperty Management
2Leasing Services
CategoryProperty Management
3Rent Collection
CategoryProperty Management
4Maintenance Services
CategoryProperty Management
5Accounting Services
CategoryProperty Management
6Eviction Services
CategoryProperty Management
7Section 8 Housing Management
CategoryProperty Management
8Brokerage Services
CategoryReal Estate Brokerage
9Cashflow Calculator
CategoryInvestor Tools
10Free Rental Analysis
CategoryInvestor Tools
11Lease-Only Service
CategoryProperty Management
Scale indicator5 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierCoreTypeTechnology or Integration
Description

AppFolio provides the property management software platform powering Evernest's owner and resident portals, enabling online rent payments, maintenance requests, lease management, and financial reporting. This is a core technology partnership essential to Evernest's digital operations.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Green Residential is a Texas-based full-service property management firm focused on single-family rentals for investors, with comparable tenant placement, maintenance coordination, and brokerage services to Evernest.

TypeDirect peer
Description

Mynd is a technology-enabled residential property management company focused on single-family rentals for individual investors and institutional owners, operating across 30+ markets with a similar portfolio-plus-platform approach to Evernest.

TypeDirect peer
Description

Renters Warehouse is a national residential property management company specializing in single-family rentals with a portfolio model very similar to Evernest — full-service management for individual investors and small landlords across multiple U.S. metros.

TypeDirect peer
Description

All County Property Management is a national franchise offering full-service residential property management for single-family and small multifamily properties — directly comparable to Evernest's core service offering.

TypeBroad incumbent
Description

Greystar is the largest U.S. apartment and residential property management company with hundreds of thousands of units under management — a broad incumbent operating adjacent to Evernest's small multifamily business.

TypeBroad incumbent
Description

FirstService Residential is a large North American property management company serving HOAs, condominiums, and residential communities — overlapping Evernest's residential PM space but at much larger scale and broader scope.

TypeDirect peer
Description

AvenueWest Managed Rentals is a residential property management firm specializing in single-family and corporate rental housing — overlapping Evernest's investor-focused single-family management niche.

TypeEmerging player
Description

Belong is a venture-backed residential property management and tech-enabled leasing platform focused on single-family rentals — an emerging player taking a tech-forward approach similar to Evernest's hybrid model.

TypeDirect peer
Description

PMI is a franchise-based residential and multifamily property management network with hundreds of locally owned offices serving individual property owners — directly competing with Evernest's single-family and small multifamily management offering.

TypeDirect peer
Description

Real Property Management is a national franchise system providing full-service residential property management to single-family and small multifamily landlords — overlapping Evernest's target customer and service mix.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers3 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

Integration5 records

Each record includes

Title, Type, Description, Source

AI capability6 records

Each record includes

Type, Description, Source

AI maturity
App detail

Has app

Feature4 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
Compliance2 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Evernest

Residential Property Managementevernest.co

Evernest is a Birmingham-based full-service residential property management company and real estate brokerage managing 16,000+ single-family and multifamily rentals across 30+ U.S. markets. It serves individual property owners and investors with tenant placement, rent collection, maintenance, brokerage, and investor-education tools.

What Evernest does

Evernest is a Birmingham, Alabama-based full-service residential property management company and real estate brokerage founded in 2003, operating as Evernest, LLC. The company manages 16,000+ single-family, condominium, and small multifamily (2-50 unit) rental properties across 30+ U.S. markets spanning the Southeast, Southwest, Midwest, Northeast, and West Coast. Its customer base consists of individual rental property owners, small-to-medium multifamily investors, and active real estate investors building rental portfolios; the company also serves residential tenants as a secondary user group through its AppFolio-powered portals. Evernest offers an integrated service suite including tenant placement, rent collection, maintenance coordination, financial reporting, eviction handling, brokerage (buy/sell investment properties), Section 8 housing management, and a lease-only option for DIY landlords.

The company's underlying technology stack is built on AppFolio as the core property management platform for owner and resident portals, online rent payment, lease management, and accounting, supplemented by a proprietary internal project management system used to track maintenance requests and coordinate the in-house maintenance team. Distribution and marketing are multi-channel: a network of market-specific microsites (e.g., atlantapropertymanagement.com, dallas-property.management) drives local SEO, listings are syndicated to Zillow/Trulia/HotPads, and content assets include 'The Evernest Property Management Show' podcast, 'The Nest' weekly newsletter, a blog, YouTube, LinkedIn, and the Evernest Community platform. Emerging AI capabilities include AI-enhanced listing photography, an AI-driven 3-step resident underwriting process, a data-driven cashflow calculator, and externally-hosted ChatGPT/Claude chatbot integrations on the leasing page.

The business model combines recurring monthly property management fees (primary revenue stream, subscription-style per managed unit), transaction-based brokerage commissions on investment-property buy/sell activity, in-house maintenance services billed hourly plus materials (with a 12-month warranty), and one-time lease-only fees for DIY landlords. Go-to-market is hybrid: sales-led engagement with dedicated property management professionals targets property owners and investors; product-led digital self-serve channels (online rental search, application processing, rent payment via AppFolio) serve residents; and community-led investor education via content, podcast, and free analytical tools (Cashflow Calculator, Free Rental Analysis) generates top-of-funnel demand. The company is privately held with no disclosed institutional funding rounds, has earned Inc. 5000 recognition, BBB 100% accreditation, and features in major publications including Yahoo, WSJ, AP, and BBJ.

Evernest firmographics

Firmographics
Name
Evernest
Legal name
Evernest, LLC
Website
https://evernest.co
Company type
Private
Founded year
2003
Operating status
Operating
Short description
Evernest is a Birmingham-based full-service residential property management company and real estate brokerage managing 16,000+ single-family and multifamily rentals across 30+ U.S. markets. It serves individual property owners and investors with tenant placement, rent collection, maintenance, brokerage, and investor-education tools.
Ownership category
akta.pro rank

Evernest industry classification

Industry
Product category
Residential Property Management
NAICS
Residential Property Managers (531311), Real Estate Property Managers (53131)
SIC
Real Estate Agents & Managers (For Others) (6531), Operators Of Apartment Buildings (6513)
akta.pro primary industry
Multifamily Apartment Property Management (BPAJAFAA)
akta.pro secondary industry
Single-Family Rental (SFR) Property Management (BPAJAFAB)

Keywords

  • Residential property management
  • Real estate brokerage
  • Tenant screening services
  • Rent collection services
  • Multifamily property management

Where Evernest is headquartered

Location

Headquarters

HQ city
Birmingham
HQ country
United States
HQ region
North America

Offices1 record

Markets served

Evernest business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

  1. Property Management Fees: Ongoing property management services for single-family and multifamily properties including tenant placement, rent collection, maintenance coordination, and financial reporting
  2. Brokerage Commissions: Real estate brokerage services for buying and selling rental or investment properties, generating transaction-based revenue
  3. Maintenance Services: In-house maintenance team providing repairs, renovations, and preventative maintenance with charges based on hourly rates plus materials cost
  4. Lease-Only Services: Professional lease-only product for DIY landlords who want marketing, screening, and lease execution without ongoing management

Pricing tiers

ModelBillingPrice
SubscriptionMonthlyFull-Service Property Management
One time/ perpetual licensePay-as-you-goLease-Only Service
Unit PricingPay-as-you-goMaintenance Services

Go-to-market motion3 records

Distribution channels4 records

Marketing channels10 records

Evernest product offering

Product offering

Core offering

Evernest provides full-service residential property management for single-family homes, condos, and small multifamily buildings across 30+ U.S. markets, managing more than 16,000 rentals. The offering bundles tenant placement, rent collection, maintenance coordination, financial reporting, and eviction handling, with complementary real estate brokerage services for buying and selling investment properties and in-house 24/7 maintenance.

Product overview

Evernest is a full-service property management company and real estate brokerage operating a platform-plus-services model. The core offering is residential property management for single-family homes, condos, and small multifamily buildings, supplemented by complementary service modules including leasing services, rent collection, in-house maintenance services, accounting, eviction handling, and Section 8 housing management. Additional offerings include brokerage services for buying and selling investment properties, investor-friendly agent access, a free cashflow calculator tool, free rental analysis reports, and a lease-only option for DIY landlords. The company integrates with AppFolio for property management portals, and syndicates listings to major platforms including Zillow, Trulia, and HotPads.

Differentiator

Problem solved

Functional benefit

Products and services

  • Full-Service Property Management
  • Leasing Services
  • Rent Collection
  • Maintenance Services
  • Accounting Services
  • Eviction Services
  • Section 8 Housing Management
  • Brokerage Services
  • Cashflow Calculator
  • Free Rental Analysis
  • Lease-Only Service

Quantifiable outcome

  • 20,000+ unique website visitors per month
  • +2 more outcomes

Companies that use Evernest

Customer profile

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Evernest technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability6 records

Feature4 records

Evernest partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • AppFoliocoreTechnology or IntegrationAppFolio provides the property management software platform powering Evernest's owner and resident portals, enabling online rent payments, maintenance requests, lease management, and financial reporting. This is a core technology partnership essential to Evernest's digital operations.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Evernest competitors and assessment

Company assessment

Direct peers

  • Green Residential: Green Residential is a Texas-based full-service property management firm focused on single-family rentals for investors, with comparable tenant placement, maintenance coordination, and brokerage services to Evernest.
  • Mynd Management: Mynd is a technology-enabled residential property management company focused on single-family rentals for individual investors and institutional owners, operating across 30+ markets with a similar portfolio-plus-platform approach to Evernest.
  • Renters Warehouse: Renters Warehouse is a national residential property management company specializing in single-family rentals with a portfolio model very similar to Evernest — full-service management for individual investors and small landlords across multiple U.S. metros.
  • All County Property Management: All County Property Management is a national franchise offering full-service residential property management for single-family and small multifamily properties — directly comparable to Evernest's core service offering.
  • AvenueWest Managed Rentals: AvenueWest Managed Rentals is a residential property management firm specializing in single-family and corporate rental housing — overlapping Evernest's investor-focused single-family management niche.
  • Property Management Inc. (PMI): PMI is a franchise-based residential and multifamily property management network with hundreds of locally owned offices serving individual property owners — directly competing with Evernest's single-family and small multifamily management offering.
  • Real Property Management: Real Property Management is a national franchise system providing full-service residential property management to single-family and small multifamily landlords — overlapping Evernest's target customer and service mix.

Broad incumbents

  • Greystar Real Estate Partners: Greystar is the largest U.S. apartment and residential property management company with hundreds of thousands of units under management — a broad incumbent operating adjacent to Evernest's small multifamily business.
  • FirstService Residential: FirstService Residential is a large North American property management company serving HOAs, condominiums, and residential communities — overlapping Evernest's residential PM space but at much larger scale and broader scope.

Emerging players

  • Belong Network: Belong is a venture-backed residential property management and tech-enabled leasing platform focused on single-family rentals — an emerging player taking a tech-forward approach similar to Evernest's hybrid model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Evernest social profiles

Digital presence

Evernest compliance and trust

Trust signal

Compliance2 records

Evernest financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Evernest leadership team

Management profile

Number of profiles

Profiles1 record

Evernest funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Evernest M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Evernest

What does Evernest do?

Evernest provides full-service residential property management for single-family homes, condos, and small multifamily buildings across 30+ U.S. markets, managing more than 16,000 rentals. The offering bundles tenant placement, rent collection, maintenance coordination, financial reporting, and eviction handling, with complementary real estate brokerage services for buying and selling investment properties and in-house 24/7 maintenance.

Is Evernest a public or private company?

Evernest is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was Evernest founded?

Evernest was founded in 2003.

Where is Evernest based?

Evernest is headquartered in Birmingham, United States, in the North America region.

How does Evernest make money?

Four revenue lines are on record. Property Management Fees are the primary driver. The others are brokerage Commissions, maintenance Services and lease-Only Services.

Who are Evernest's main competitors?

Direct peers on record are Green Residential, Mynd Management, Renters Warehouse, All County Property Management, AvenueWest Managed Rentals, Property Management Inc. (PMI) and Real Property Management. Broad incumbents are Greystar Real Estate Partners and FirstService Residential. Belong Network is listed as an emerging player.

Does Evernest have an API?

No public API is recorded for Evernest.

What industry is Evernest in?

Evernest's product category is Residential Property Management. Its primary akta.pro industry code is BPAJAFAA, Multifamily Apartment Property Management, with a secondary code of BPAJAFAB, Single-Family Rental (SFR) Property Management. Its NAICS code is 531311 and its SIC code is 6531.

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Live signals
AppfolioEvernest: Space for more family memoriesEvernest, a property management company based in Birmingham, Alabama, utilizes the AppFolio Property Manager platform to automate operations and support its portfolio of over 32,000 units across 19 states. The partnership enables Evernest to scale efficiently through acquisitions, such as the 2023 acquisition of Darwin Homes' retail portfolio, by leveraging AppFolio's integration capabilities and automation tools.AppraisaldevelopmentAppraisal Development InternationalEvernest, a Birmingham-based property management firm, has acquired three regional competitors: Rent it Network in Tampa, A Cut Above Property Management in Colorado, and Keep Property Management in Arizona. These transactions added approximately 1,200 homes to Evernest's portfolio, bringing its total nationwide managed properties to over 14,000.EvernestEvernest Acquires Arizona-Based Keep Property ManagementEvernest, a national property management firm, has acquired Arizona-based Keep Property Management, adding approximately 300 homes to its Tucson portfolio. This transaction increases Evernest's total managed properties to over 14,000 nationwide and marks the company's 32nd acquisition as it expands its one-stop shop services in key real estate markets.EvernestEvernest Acquires Florida-Based Rent it NetworkEvernest has acquired Florida-based Rent it Network, adding approximately 450 homes to its property management portfolio in Tampa. This acquisition increases Evernest's total managed properties to over 14,000 nationwide and continues its strategy of acquiring best-in-class property management providers. The entire Rent it Network team will join Evernest to enhance client services and offerings.EvernestEvernest Acquires Missouri-Based St. Louis Property ManagementEvernest has acquired St. Louis Property Management, a Missouri-based firm, adding approximately 200 homes to its portfolio and bringing its total managed properties to over 13,000 nationwide. This transaction marks Evernest's 30th acquisition overall and is part of its strategy to integrate established local providers into its national platform.PR NewswireEvernest Merges with Dodson Property Management and Enters Virginia MarketEvernest has merged with three divisions of Dodson Property Management, adding approximately 3,550 single-family and small multi-family units to its portfolio. This transaction expands Evernest's operations into the Virginia market and incorporates association management services previously held by Dodson in Virginia and Florida.PR NewswireNational Real Estate Firm Evernest Acquires Fort Collins Property Management BusinessEvernest, a national real estate and property management firm, announced the acquisition of Fort Collins-based My House Property Services. The deal adds more than 300 homes to Evernest's portfolio, bringing its total managed homes nationwide to over 7,000. This marks Evernest's 21st acquisition overall as it continues to expand its footprint across 17 U.S. markets.PR NewswireEVERNEST INCREASES ITS FRONT RANGE FOOTPRINT THROUGH ACQUISITION OF LEGACY PROPERTY MANAGEMENTEvernest, a property management company headquartered in Birmingham, Alabama, has acquired Legacy Property Management to expand its presence in the Denver Front Range market. This transaction marks Evernest's 17th acquisition as it continues to consolidate smaller property management brands into its national platform.PR NewswireEVERNEST ACQUIRES TULSA PROPERTY MANAGEMENTEvernest, a real estate and property management company based in Birmingham, Alabama, has acquired the property management assets of Tulsa Property Management. This acquisition expands Evernest's operational footprint into the Tulsa market as part of its ongoing growth strategy through strategic purchases.