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.

Read more about our vision, our product, and how we are changing how people live, work, and move:

Introducing Culdesac: Building car-free neighborhoods from scratch by Ryan Johnson (CEO & Founder)

The Capital of Sprawl Gets a Radically Car-Free Neighborhood by The New York Times

'People are happier in a walkable neighborhood': the US community that banned cars by The Guardian

New Arizona Development Bans Residents From Bringing Cars - WSJ by Wall Street Journal

11 rules for buying an ebike, and the 11 ebikes to buy now by Ryan Johnson (CEO & Founder)

We’re headquartered in Tempe, AZ and were founded in 2018. CEO Ryan Johnson was previously on the founding team of Opendoor. We raised a $30M Series A in January 2022. Our investors include top VCs like Khosla Ventures, Lennar (LenX), Zigg Capital, Initialized Capital, Byers Capital, and Y Combinator.

As an 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.

While this list represents what we are ideally looking for, we encourage you to apply even if your resume includes strengths and experiences that don’t match everything listed here. We expect most to need at least 2 years of related commercial real estate experience or 4 years of financial analyst experience in the industry to fulfill this position.

Experience in conducting due diligence on land acquisition opportunities and strong experience in creating and maintaining custom pro-forma underwriting models.

Experience in organizing the preparation and review of quarterly financial statements and annual property operating budgets and business plans, 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.

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 raise or transactions. Identify and effectively address issues or problems that could otherwise adversely affect closing capital.

We are headquartered in Tempe, AZ, and our office is located in the heart of downtown Tempe. We encourage employees to visit and work in our beautiful Tempe office and offer relocation assistance to those who’d like to move to Tempe. We also have remote positions, and we work hard to create a first-class, remote-friendly environment.

🏥 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 Stipend - $200 per month paid by Culdesac. Tempe employees only.

As sprawl became commonplace in our cities, we felt less connected to each other. We normalized hour-long commutes, even as private vehicle ownership became the largest source of carbon emission pollution. Private vehicles and roads limited and dictated development decisions and urbanism. Our cities thus blend technology, real estate, and culture to reimagine our daily lives. Come help us make our residents happier, healthier, and more productive in the years they spend with us and the moments they spend together.

Be inclusive, drawing on the strengths of people who bring a different perspective.

Find ways to work together that overcome disciplinary and geographic separations.

Be output oriented. Ship.

Our mission weaves us deep into people's lives. Respect that trusted relationship by seeing your work through to the end, including the last 10%.

We have a competitive advantage in operationally complex, capital-intensive work.

Tackling all the layers in the stack gives us an opportunity to deliver an exceptional user experience.

Always remember Rule #0: learn from those who have done it before.

Only users know if we’re creating value for them.

We get better by observing behavior and asking others how we can improve.

Respect the limits of what we can know and plan. In the complex organism of a city, emergent behavior rules.

The messiness of human preferences and decision making is the rich soil where our product grows.

Human paradoxes and contradictions are our opportunity to create joy.

If you think Culdesac might be a good fit, we encourage you to apply! You have nothing to lose, and we'll respond to you within a week. If we move forward, here's our typical process:

1. A 15-minute call with a Recruiter to understand your high-level background and cover logistics & expectations.

2. A 30-minute video call with our Head of Investments to learn more about your background & experience.

3. A 2.5 hour take-home assignment.

4. A 30-minute video call with our Head of Development and Acquisitions.

5. A 30-minute video call with our CIO to review a list of company scenarios.

6. A 30-minute video call with our CEO overviewing how you would fit in Culdesac’s mission, vision, and culture.

At each step, we leave time for you to ask us questions. We look forward to hearing from you!