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Evergreen Real Estate

Development Manager

Chicago, IL · On-site

$100K - $130K/yr

Each deal is a ground-up development financed with tax-exempt bonds, 4% LIHTC equity, and layered ... Advanced Excel modeling skills; able to build and maintain a full development and operating ...

Fairlawn

Acquisitions Associate

Chicago, IL · On-site

$90K - $120K/yr

... active builder of AI-assisted processes, templates, and systems that elevate the quality and efficiency of the broader acquisitions team * Underwrite ground-up development projects including ...

Kinsei Recruitment

DevOps Engineer

Manhattan, NY · On-site

$58 - $79.50/hr

Responsibilities : • Architect and build scalable, low-latency data infrastructure to power cutting edge blockchain applications • Set up development processes (e.g. CD) that balance security ...

Fairlawn Management Inc

Acquisitions Associate

Chicago, IL · On-site

$90K - $120K/yr

... active builder of AI-assisted processes, templates, and systems that elevate the quality and efficiency of the broader acquisitions team * Underwrite ground-up development projects including ...

Hammes

Development Manager

National, WA · On-site

Manages all phases of project management and construction for ground-up development or renovation ... Uses e-Builder software throughout the project. * Embraces the Company's culture and works ...

Amazon

Software Development Manager, Ring

Sunnyvale, CA · On-site

$144K - $191K/yr

Ring is looking for a Software Development Manager responsible for leading a team of engineers ... build up your team's capabilities. About the team Ring's mission is to reduce crime in ...

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As of Sep 11, 2026, the average hourly pay for build up dev in the United States is $53.14, according to ZipRecruiter salary data. Most workers in this role earn between $42.31 and $66.59 per hour, depending on experience, location, and employer.

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Development Manager

Chicago, IL • On-site

Evergreen Real Estate Services
11 - 50 employees
Learn more about Evergreen Real Estate Servicesexternal

$100K - $130K/yr

Other

Posted 9 days ago

Job description

Job DetailsJob Location: Evergreen Real Estate Group - Chicago, IL 60661 Position Type: Full Time Education Level: 4 Year Degree Salary Range: $100,000.00 - $130,000.00 Salary Job Category: IL Leasing License NOT Required

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.

Key ResponsibilitiesFinancial Modeling & Underwriting
  • 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
Funding Applications & Public Finance
  • 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
Due Diligence & Closing
  • 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
Investor & Lender Communication
  • 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
Predevelopment & Project Support
  • 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
Education & Experience
  • 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
Technical & Physical Skills
  • Advanced Excel modeling skills; able to build and maintain a full development and operating proforma independently
  • Able to read, question, and summarize deal documents
Other Requirements
  • Periodic travel to Ohio project sites for site visits, agency meetings, closings, and community openings
Skills
  • Strong written communication for investor, lender, and agency audiences
  • Organized and reliable across many parallel workstreams

Work Environment & Physical Demands This role is based at Evergreen's corporate office in Chicago on a hybrid schedule, with periodic travel to Ohio for site visits, agency meetings, closings, and community openings. Specific physical demands were not further detailed in the source job description. Evergreen Real Estate Group provides reasonable accommodations to enable qualified individuals with disabilities to perform the essential functions of this role.

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