The Role
We will tailor the role to match the candidate’s experience and expect the role to evolve as the company grows.
Investor Relations (Support to CEO)
- Lead market tours: Be the guide for investors, lenders, retailers, partners around our markets in Charlotte and Durham.
- Interface with investors: Answer market and underwriting questions, send deal updates, work through due diligence, and make the case for Space Craft across emails, phone, Zoom, in-market tours, coffees, and meals
- Point of contact: Serve as the default point of contact for potential partners and smaller check investors, and support Space Craft’s CEO as our roster of partners expands (even as he remains the primary contact for key partners)
- Market understanding: Maintain current view of our markets and warehouse of market analysis data, including rent comps, land comps, sale comps, etc.
Transactions Lead
Run point on managing the closing of land and vertical construction financing for Space Craft’s mixed-use multifamily projects, including:
- Broker relationships: Select and manage capital markets brokers, including the maintenance of relationships not currently engaged on a transaction
- Stakeholder relationships: Develop outstanding relationships with key stakeholders (equity, debt, consultants, capital market brokers, internally) to preserve and advance Space Craft’s industry reputation
- Term sheet review: Review and compare term sheets, analyzing and recommending best fit for Space Craft’s transaction goals
- Scenario comparison: Underwrite capital markets scenarios and recommend deal partners in conjunction with capital markets brokers and Space Craft deal team
- Closing checklist: Own and track closing checklists, with a mix of completing some tasks yourself and stewarding other parties through delegated tasks: brokers, team members, external consultants
- Closing calls: Represent Space Craft on closing calls, coming prepared with a list of outstanding items for key partners and the Space Craft team
- Protect Space Craft’s global interests, adopting a broad view that balances short-term and long-term financials, our company’s impact, risk, and partnerships
- Do what is needed to close Space Craft land and construction financing — on time
Acquisitions
- Regularly scan land listing sites or opportunities, scout new neighborhoods, find deals others pass over
- Support CEO with managing brokers, finding sites, and negotiating with sellers in our current markets — this will involve walking sites, conducting early due diligence, meeting with sellers, and other on-the-ground work required to close deals
- Support CEO with managing brokers, finding sites, and negotiating with sellers in our third market, likely outside of North Carolina — search begins in 2024 with closing targeted for 2025 or 2026
- Be a sounding board and develop a good eye for site acquisition opportunities
Personal & Team Growth
We want you to be in sync with the broader company and understand the big picture behind our development projects. Reserve time to connect with teammates, find mentors, and contribute ideas that improve our developments and the company.
Reading, learning, finding inspiration, and participating in professional organizations outside of work is part of the company culture. Do what you need to do to stay creative.
Location
Charlotte, NC (residency or relocation)