Development Manager

About the role

Evergreen Real Estate Group is scaling a pipeline of 4% LIHTC Affordable Assisted Living (AAL) communities across Ohio under the Green Oaks brand. Each deal is a ground-up development financed with tax-exempt bonds, 4% LIHTC equity, and layered gap sources. Evergreen Senior Living (ESL) is seeking a Development Manager to work on every phase of these deals — financial modeling, funding applications, due diligence, closing, and construction-period execution. The Development Manager carries the analysis and the deal understanding that moves each project forward, and is a point of contact for investors, lenders, and agencies.

Responsibilities

• Own the development proforma for each deal, maintaining the model from initial underwriting through application, closing, construction, and conversion
• Run sources and uses, sensitivity analysis, and structuring scenarios
• Lead preparation of 4% LIHTC and tax-exempt bond applications to OHFA and other state housing finance agencies, plus gap funding applications
• Coordinate third-party reports — market studies, appraisals, environmental, and other diligence — to application and lender timelines
• Own due diligence checklists across lender, investor, and operator workstreams; review and summarize key documents (loan documents, LPA, PSA, operating agreements) so the team can act on them
• Drive the closing process: coordinate counsel, lender, syndicator, and operator; keep the model current; assemble closing packages
• Prepare equity and debt packages and respond directly to investor and lender underwriting questions
• Manage construction-period reporting to investors, lenders, and agencies, including draw support and conversion deliverables
• Write internal analysis and reporting — pipeline updates, deal memos, and investment committee materials
• Support market research, demand analysis, site due diligence, and zoning and entitlement work, including meetings with local governments
• Keep deal files organized and current on shared systems so anyone on the team can find what they need

Qualifications

• Bachelor's degree in real estate, finance, urban planning, business, or a related field
• 5+ years of experience in LIHTC development or ground-up real estate development, with deals taken from underwriting or application through closing
• Direct experience with state HFA applications, tax-exempt bond executions, or LIHTC equity closings strongly preferred; senior housing exposure a plus, not required
• Advanced Excel modeling skills; able to build and maintain a full development and operating proforma independently
• Able to read, question, and summarize deal documents
• Strong written communication for investor, lender, and agency audiences
• Organized and reliable across many parallel workstreams

Pay & schedule

• Salary range: $100,000–$130,000 + 10% bonus potential
• Hybrid schedule based at Evergreen's corporate office in Chicago
• Periodic travel to Ohio project sites for site visits, agency meetings, closings, and community openings