Director of Asset Management

Job Summary

Evergreen Real Estate Services is seeking a strategic, systems-oriented Director of Asset Management to lead and build a best-in‑class asset management function for a growing national affordable housing portfolio, including assisted living communities. This role operates from a true ownership perspective, with primary responsibility for driving long-term asset value, financial performance, and investment outcomes across the portfolio. The Director will translate property-level data into actionable business decisions, guide asset-level strategy and performance oversight, support acquisitions and integrations, and serve as a key partner to executive leadership, investors, and lenders.

• Develop, maintain, and communicate asset-level business plans aligned with financial and operational goals
• Monitor performance across occupancy, collections, expenses, reserves, capital needs, and compliance
• Provide ownership-level insight and recommendations on portfolio strategy and asset performance
• Lead portfolio reporting and present risks, opportunities, and action plans to senior leadership

• Review monthly financials, variances, and reforecasts; identify trends and recommend solutions
• Establish reporting processes that support decision‑making without overburdening operations
• Review and analyze property operating budgets, reserve levels, and capital needs to evaluate financial performance and support ownership-level asset strategy
• Lead and execute financial strategy for refinancing, recapitalizations, Year 15 transitions, and dispositions
• Track and oversee property tax incentives across the portfolio
• Evaluate and recommend AI options to improve information assessment and reduce time requirements for asset management tasks

• Support due diligence activities for acquisitions, transitions, and integrations by reviewing operational, financial, compliance, and physical asset information and identifying potential risks or performance concerns
• Partner with property management, accounting, compliance, and operations teams to support implementation of operating plans, financial goals, and performance expectations for newly onboarded assets
• Address stabilization challenges through coordinated, actionable solutions

• Partner closely with the Compliance team to monitor regulatory performance, identify compliance‑related risks, and support resolution planning for LIHTC, HUD, and other affordable housing programs
• Partner with internal teams to strengthen tracking of reporting deadlines and requirements
• Monitor compliance risks and ensure appropriate escalation and resolution

• Evaluate capital needs and priorities with operations and facilities teams
• Support financial and operational strategy related to refinancing, recapitalizations, Year 15 transitions, and dispositions in partnership with preservation, development, and executive leadership teams
• Review reserve usage, capital projects, and long-term asset preservation strategies
• Conduct periodic and strategic site visits as needed to assess overall asset condition, operational challenges, and performance trends

• Establish and manage a watchlist for underperforming or high‑risk assets
• Develop and guide turnaround strategies for operational or financial challenges
• Evaluate effectiveness of property management (including third‑party managers)
• Recommend management changes when necessary

• Serve as a primary contact for investors, lenders, and financial partners post‑stabilization
• Develop clear ownership narratives for performance issues and strategic decisions
• Present recommendations to internal and external stakeholders

• Build scalable systems, reporting tools, and processes for asset management
• Partner with IT and internal teams to improve data and reporting capabilities
• Help define future staffing needs and support department growth
• Support organizational alignment by…