Partner & COO

About BuildCasa

BuildCasa is on a mission to solve California's housing shortage by unlocking the full potential of infill land. Using a vertically integrated OpCo/PropCo model, we acquire, entitle, subdivide, and deliver shovel-ready lots in high-cost urban markets by leveraging California's by-right entitlement framework (Starter Home Revitalization Act, SB 1123) to move faster and more predictably than traditional development.

We have 30+ ministerial approvals under our belt and 50+ units in development, directly or through our development partners. We are now forming a $30M real estate fund (PropCo), backed by a committed anchor institutional investor, to scale this model.

The fund will be co-led by Paul Steidl (Partner & CEO), who is responsible for development strategy and operational execution. The Partner & COO will be responsible for capital markets, fund economics, and financial risk management. This two-principal leadership model ensures deep functional ownership at the GP level.

About the Role

BuildCasa is seeking a co-founding partner to serve as Partner & Chief Operating Officer of the fund. This person will be a principal in launching and operating the fund.

The proposed leadership structure of the fund is as follows:

• Partner & COO (this role): Capital markets, investor relations, fund economics, deal structuring, operations, and compliance.

• Paul Steidl (Partner & CEO): Development strategy, entitlement, design, permitting, and execution of development projects.

• Ben Bear: Serves on the board, providing strategic counsel on team buildout, deployment, and offtake partnerships.

GP economics (carried interest) will be structured as a named stake in the GP entity, reflecting the co-principal nature of the position.

Responsibilities:

Fund Strategy & Formation

• Jointly set fund strategy and investment thesis, adapting to market conditions and portfolio performance.

• Establish the investment committee framework and approval processes for fund acquisitions and dispositions.

• Identify and select a fund administrator appropriate for the fund.

• Build and maintain the compliance monitoring framework, including concentration limits, hold period tracking, and leverage caps per term sheet covenants.

Investment & Underwriting

• Take ownership and drive exceptional returns for the benefit of all stakeholders, with the goal of creating a lasting vehicle that addresses housing supply in America.

• Co-approve all fund acquisitions and dispositions, owning the financial risk assessment while Paul Steidl owns development feasibility.

• Lead the investment committee process for all fund acquisitions and dispositions, directing the underwriting team.

• Co-evaluate all development opportunities with Paul Steidl, bringing financial discipline and risk assessment to complement his development and entitlement expertise.

• Oversee fund-level financials, including portfolio modeling, NAV tracking, and waterfall mechanics.

Investor Relations & Capital Markets

• Serve as the primary day-to-day contact with the anchor institutional investor and future LPs, managing communication cadence and trust.

• Lead capital raising efforts to scale the fund toward the $30M target, including sourcing and closing additional LPs.

• Create investor decks and materials to support LP fundraising.

• Review, audit, and refine existing fundraising materials, including the pitch deck, financial model, and data room.

• Lead annual budget preparation for investor review and approval.

Field Building & Public Engagement

• Partner on industry events, press engagements, and public disclosure of key information related to Starter Home Revitalization Act (SHRA) implementation and outcomes, in coordination with the anchor institutional investor.

• Represent the fund externally as a co-principal, serving as a public voice on capital markets, fund economics, and the institutional investment case for by-right infill development.

Fund Operations & Compliance

• Coordinate with the third-party fund administrator on NAV calculations, capital account statements, K-1s, and quarterly and annual reporting.

• Manage capital call and distribution processes end-to-end.

• Maintain the GP-side waterfall model for scenario planning, LP reporting previews, and fundraising projections, serving as an independent check on fund administrator calculations.

• Own and maintain the investment-level compliance monitoring framework.

• Coordinate regulatory filings with fund counsel.

Preferred Qualifications:

• 5+ years of relevant experience in real estate finance, fund management, or real estate private equity.

• Prior experience in a senior role at a real estate development fund or real estate private equity firm.

• Deep experience in financial underwriting of real estate developments, including unit-level economics.

• Strong command of fund operations: capital calls, distributions, waterfall mechanics, LP reporting, and investor communications.

• Experience evaluating and approving real estate investments.

• Ability to coordinate across third-party fund administrators, legal counsel, and auditors.

• Ability to manage LP relationships and investor reporting.

• Ability to serve as a fiduciary and key investment professional.

• Interest and/or direct experience in California infill housing policy and by-right entitlement.

Compensation & Structure:

• Partner-level compensation, including base salary, named GP economics (carried interest), and co-investment rights, commensurate with fund size.

Location: Bay Area hybrid preferred