VP of Asset Management

Job Details

Job Location:

Evergreen Real Estate Group - Chicago, IL 60661

Position Type:
Full Time

Education Level: 4 Year Degree

Salary Range: $ - $ Salary

Job Category: IL Leasing License NOT Required

Position Title:

Vice President of Asset Management

Department:
Asset Management

Reports To:

Chief Executive Officer (current) or Chief Operating Officer (once hired)

Location:

Chicago, IL (Hybrid)

FLSA Status:
Exempt

Salary Range: $180,000 – $210,000 (plus 25%–30% bonus potential)

Evergreen Real Estate Group offers a comprehensive benefits package, including medical, dental, and vision coverage (United Healthcare, Delta Dental, Eye Med), company-paid life and disability insurance, a 401(k) with company match, HSA/FSA options, and an Employee Assistance Program.

Evergreen Real Estate Services is seeking a strategic, systems-oriented Vice President 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. Evergreen companies own 66 developments across the US with 8,000 units and closes on approximately 10-14 new properties annually. While most properties are property managed in-house, several are managed by third parties.

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 VP of AM 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.

Evergreen currently has some asset management functions handled by different business units. The goal is to centralize, professionalize, and expand asset management’s role in the organization to protect and improve the growing portfolio.

• 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
• Participate in the Evergreen Leadership Team (using EOS as a platform)
• Set and track 90 day “rocks” that support completion of longer-term company goals
• Collaborative with rest of senior leadership to identify and solve problems
• Communicate and execute goals throughout the Asset Management functions

• Review monthly financials, variances, and reforecasts; identify trends and recommend solutions
• Provide oversight for third party property managers
• Complete HUD rent increase requests to maximize revenue
• 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…