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Form of workWho We Are
Core Spaces (Core) is more than a real estate company, it's a people company. Where building relationships is just as important as building properties. From researchers and architects to designers and operators, Core is made up of risk takers and dreamers who are on a mission to invent the future of living. Our six cultural values guide us every day and we strive to live them in everything we do: PUSH (Invent Better Places to Live), GRIT (We Got This), LIFT (Help Each Other Win), SHINE (Bring Your Full Self), UPHOLD (Never Break Trust), GROW (Always Get Better). Everything Core does stems from this culture of collaboration and innovation, and the drive to constantly improve the resident experience. This unique approach has led to creating spaces and services that are redefining the way people live.
What We Do
Founded in 2010, Core is a vertically integrated company, focused on acquiring, developing, managing, and lending across the student housing and build-to-rent (BTR) sectors. Its residential communities feature world-class amenities, progressive design, and hospitality-driven client service. In its award-winning student portfolio, Core currently owns and/or manages over 37,400 beds and has a pipeline of over 35,000 beds in various stages of development. Core's BTR division currently has approximately 4,000 homes under development and in its pipeline in high growth metros across the country.* For more information, visit www.corespaces.com.
*Portfolio and pipeline numbers as of Q1 2024
Benefits That Matter
- A culture that provides you with a sense of belonging
- Hybrid and remote work options to promote work-life balance
- Competitive pay that values your contributions
- Annual incentive to reward your achievements
- Paid unlimited PTO to disconnect or celebrate life milestones
- Paid 16 holidays, including your birthday, to disconnect and celebrate
- Paid Parental Leave that begins after 90 days
- Paid volunteer time off to give back to your community
- Monthly workshop weeks; fewer meetings & more collaboration
- Robust health plan options that begin within at least 30 days of your employment
- Monthly phone reimbursement
- Wellness allowance and perks, including a yearly subscription to a meditation app
- An environment that provides you a voice to share your perspectives
- Employee Assistance Program (EAP) for access to confidential support services
- Company retirement options including 401(k) + matching & Roth account option
Position Overview
The Manager of Debt Capital Markets will play a meaningful role within the company, participating in all aspects of Core's Debt Capital Markets platform. Reporting to the Director of Capital Markets, the Manager will evaluate, implement, and monitor our debt portfolio to align with the short- and long-term goals of the company. Given the critical nature of debt financing within Core's capital structure, the Manager works closely across all departments. Responsibilities include, but are not limited to:
What You Will Do
Debt Capital Markets Implementation and Management
- Collaborate with Investments, Asset Management, and Finance departments to implement business plans on a company and asset level
- Coordinate the structuring and execution of debt transactions with lending partners in conjunction with the Debt Capital Markets team, Investments team and equity partners
- Create and manage materials to articulate financing strategies to the Investments team
Strategy Exploration and Market Research
- Monitor global investment market trends and formulate summaries for benefit of the Company
- Stay up to date on student housing, build-to-rent, and commercial real estate trends across the country
- In collaboration with the Directors of DCM, quantitatively and qualitatively evaluate the Company's debt platform to ensure alignment with macro investment and fund level strategies
Capital Partner Relationships
- Support Chief Capital Officer & Directors of DCM in managing existing Debt Capital relationships within the lending and debt brokerage communities
- Collaborate with Asset Management and Finance teams on covenant compliance/ performance measurements and messaging with capital partners
Other
- Occasional travel may be necessary as needed
- Perform all other duties and tasks as assigned by management
- Must be able to complete all physical requirements of this role with or without a reasonable accommodation
Ideally, you'll have
- 5-7 years of relevant real estate Debt Capital Markets experience
- Ability to communicate across teams and react quickly in a demanding fast-paced environment
- Ability to handle several projects at one time, balance priorities and target dates
- Strong interpersonal skills, with the ability to build relationships across all levels and communicate thoughts clearly
You'll crush it if you have experience with
- Student Housing, Build-to-Rent (BTR) or Multi-Family
- Cultivating relationships with lenders, financial institutions, and industry professionals
- Working independently and reacting quickly in a demanding, fast-paced environment
Organizational Structure
Reports to: Director of Debt Capital Markets
Direct Reports: N/A
Disclaimer: Please note that job responsibilities, reporting lines, and duties outlined in this job description are subject to change to meet the evolving needs of the organization.
As an Equal Opportunity Employer, Core Spaces celebrates diversity and is committed to creating an equitable and inclusive environment, which creates a sense of belonging for all employees. We do not discriminate and believe every individual should be proud of who they are and the community they represent.
