Chief Investment Officer, Roofstock
$230-270k
Real Estate Investment Platform
Job no longer available
Real Estate Investment Platform
201-500 employees
Job no longer available
$230-270k
201-500 employees
Company mission
To make ownership of investment real estate radically accessible, cost-effective and simple.
Role
Who you are
- 10+ years of experience in a senior investment role, with specific emphasis on the Single-Family Rental sector preferred
- Bachelor's degree is required. An advanced degree in Finance, Real Estate, Business, CFA designation or a related discipline is preferred
- Demonstrated success in devising and executing SFR investment strategies
- Robust analytical and quantitative prowess, underlined by a history of data-driven investment choices
- A broad and insightful understanding of the SFR market, its nuances, and dynamics
- Proven leadership skills, paired with exceptional team management capabilities
- Extensive network within the SFR and financial community, complemented by strong negotiation skills
- Ability to excel in a high-energy, evolving environment
- Deep understanding of both debt and equity capital markets
- Creative, solutions-oriented, impactful team player
- Excellent presentation skills and comfort in marketing and sales settings
- Willingness to travel extensively to meet both investment and marketing needs
- We ask all employees to celebrate diversity and be committed to creating an inclusive environment for all employees
What the job involves
- This role will report to the Head of Capital Markets and collaborate closely with the research team, this role demands the formulation and meticulous execution of compelling SFR fund investment strategies tailored to the diverse needs of our investors
- Design, refine, and spearhead Roofstock Capital Management's SFR investment strategy in alignment with organizational and client objectives
- Collaborate synergistically with the research team to harness data-driven insights, ensuring informed and strategic investment decisions
- Leveraging our in-house Investment Services team, oversee the entire spectrum of investment activities, from underwriting and due diligence to final acquisition and sale. Identify and capitalize on novel investment opportunities, focusing on both SMAs and co-mingled funds
- Initially, this role will be an individual contributor but overtime you will lead and mentor an investment team, promoting a culture of data-driven excellence and innovation
- Build and nurture relationships with investors, financial institutions, and other key stakeholders within the SFR ecosystem
- Continually monitor market conditions, apprising the team of emerging trends, risks, and opportunities in the SFR sector
- Represent Roofstock Capital Management effectively in industry conferences, forums, and public events
Our take
Everyone knows that buying a house is a massive ordeal, but what if it didn’t have to be? That’s Rootstock’s aim, with its platform designed to make buying and selling investment properties as easy as it can be for everyone.
Its main selling points are the scalability of its program - the services are offered to the person buying a single-family rental unit and for the magnate with a large portfolio - and the dual approach of human real estate expertise with AI software.
After reaching a value of $1.9 billion in 2022, Roofstock sold its first home using NFTs, indicating a growing focus on blockchain usage within the housing market. However, due to the economic downturn in the housing market, it has suffered from an estimated 27% cut to its workforce from 2022 to 2023. Moving forwards, Roofstock hopes to weather the economic storm by realigning its capital in line with the current market.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
-29% employee growth in 12 months
Company
Funding (last 2 of 7 rounds)
Mar 2022
$240m
SERIES E
Jan 2020
$50m
SERIES D
Total funding: $371.6m
Company benefits
- Medical, Vision & Dental for you and your dependents
- Flexible vacation policy
- Discount to 24 Hour Fitness
- Equity incentives to give you a stake in the company's future
- Fully stocked kitchen
- Team outings and events
- Ping-pong
Company HQ
Downtown, Oakland, CA
Leadership
Gary
(Co-Founder & CEO)Previously CEO of Starwood Waypoint Residential Trust, Waypoint Homes, Greenpoints, and CFO of ZipRealty.
Gregor Watson
(Co-Founder & Chairman)Formerly a Partner and McKinley Partners and founder of 643 Capital Management. Alongside Roofstockm they currently work at Creative Juice, Zibo, Lessen and 1Sharpe Capital, all of which they co-founded.
Rich Ford
(Co-Founder & Chief Development Officer)A former Associate at Lehman Brothers, and Managing Director at both Jefferies and Bank of America Merrill Lynch. They are also Co-founder of Vesta Ventures, where they still work.
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