Development Manager
About The Position
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.
Requirements
- 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
- 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
Nice To Haves
- Direct experience with state HFA applications, tax-exempt bond executions, or LIHTC equity closings strongly preferred
- Senior housing exposure a plus, not required
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
Benefits
- 10% bonus potential
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What This Job Offers
Job Type
Full-time
Career Level
Senior
