Evernest Acquires Chattanooga-Based Tunnel Property Management

Evernest Acquires Tunnel Property Management

Evernest, a national, full-service real estate and property management firm, announced today that they have acquired Tennessee-based Tunnel Property Management.

The acquisition adds approximately 300 homes to Evernest’s Chattanooga portfolio, and boosts the firm’s overall properties managed to more than 12,000 nation-wide.

“Tunnel Property Management has a rich history of superior client care in Chattanooga,” said Matthew Whitaker, Evernest Founder and CEO. “We plan to uphold that legacy while enhancing services, expanding resources and working closely with Tunnel Property Management staff to ensure a smooth transition.”

Evernest acquires Tunnel Property Management

“Evernest’s national footprint, paired with their strong reputation in the Chattanooga area, were key in deciding to sell our company,” said Tunnel Property Management co-owner, Josh Braun.

“We don’t take client care lightly, which is why we’re supremely confident in Evernest as the solution,” added fellow co-owner Jackson Malcolm.

Tunnel Property Management is the 29th organization purchased by Evernest, and one of eight purchased within the last six months. “Our goal is to find best-in-class property management providers in select markets who are ready to exit the industry,” said Whitaker. “We take the legacy they’ve built and infuse it with our distinctive culture – which includes a boots on the ground team, in-house brokerage services, and in-house underwriting – and provide a national, world-class property management experience for our owners and tenants.”

About Evernest

Based in Birmingham, Alabama, Evernest operates in 25 real estate markets across the country. It is one of the nation’s largest single-family and small multi-family investment brokers and property management providers. The firm manages more than 12,000 homes for over 4,100 owners, brokers more than 1,000 investment deals annually, and has made the Inc. 5000 list six of the last seven years. Learn more about Evernest at Evernest.co.

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