Senior Investment Associate

2 days ago

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Culdesac

WebsiteLinkedInAll Job Openings

11 - 50 employees

🏠 Real Estate

🚗 Transport

Description

• Culdesac is a real estate and technology startup that builds cities for people, not cars. • Our goal is to create the first car-free city in the US. • We started by creating the first car-free neighborhood built from scratch in the US - Culdesac Tempe, a $200 million mixed-use neighborhood development for 1,000 residents that opened in 2023. • The neighborhood covers 17 acres and features 55% open space, shared courtyards, and abundant bookable spaces. • Culdesac is the co-developer and tech-enabled property manager. • As a Senior Investment Associate at Culdesac, you will help drive data-driven decisions by maintaining and building upon our financial infrastructure and investment processes as we scale the company. • You will be a key part of our real estate strategy by helping in the analysis of existing and potential locations and related outreach, design, and planning. • You will report to the Chief Investment Officer of the company but also interface with other disciplines within the company, including the Chief Executive Officer, and our investment partners, lenders, and other key relationships.

Requirements

• Experience in conducting due diligence on land acquisition opportunities. • Strong experience in creating and maintaining custom pro-forma underwriting models, evaluating financing alternatives, and understanding what “makes a deal work.” • Experience in organizing the preparation and review of quarterly financial statements and annual operating budgets and forecasts, including review of market analysis, real estate tax forecast, and disposition strategy. • Experience preparing and reviewing recurring investor, partner, and/or lender financial reports and communications. This includes supporting the preparation and creation of quarterly board documents, presentations, and pitch deck materials on Culdesac projects for partners, and local stakeholders. • Able to monitor cash flow, distributions, and returns of existing projects. Ensure adherence to operating and capital budgets and business plans and effectively identify and communicate changes, variances, or concerns. • Experience or ability to learn how to review and understand complex legal documents and work with counsel to effectively negotiate key deal terms. • Understanding or ability to develop skills in closing transactions, including the title process. • Familiarity with zoning and/or entitlement processes. • Ensure assets are operating in a manner consistent with management agreements, joint-venture operating agreements, loan documents, etc. • Comfortable establishing and meeting critical timelines and deadlines for tasks and activities related to capital raises or transactions. Identify and effectively address issues or problems that could otherwise adversely affect closing capital.

Benefits

• Benefits Package - Includes options for medical, dental, and vision. • Family Planning Benefits • Parental Leave - Up to 12 weeks paid time off for qualifying events. • 401K Savings • Work From Home Stipend - Up to $500 for equipment paid by the company. • Co-Working Stipend - $100 per month paid by Culdesac for space intended for work productivity directly related to Culdesac business (e.g., co-working space pass for the day). Remote employees only. • Mobility Stipend - Up to $500 to invest in employee micro-mobility setup (e.g., e-bike, e-scooter, micro-mobility accessories). • Car-Free Commuter Benefit - $200 per month paid by Culdesac. Tempe employees only. • On-Site Living Discount - 25% discount on base rent for 1 unit at a Culdesac managed property.