Full-Time

Commercial Real Estate Associate

Posted on 7/14/2025

Flock Homes

Flock Homes

11-50 employees

Transacts rental properties into fund shares

No salary listed

New York, NY, USA + 1 more

More locations: Denver, CO, USA

In Person

Category
Real Estate (1)
Required Skills
Lead Generation
Requirements
  • 2–3 years of post-MBA experience in commercial real estate investments, private equity, or related principal role
  • Strong pipeline generation instincts
  • Experience managing a deal funnel and process
  • Solid grounding in valuation, underwriting, and investment analysis
  • Comfort presenting operating and investment plans credibly
  • Strong relationship-building skills
  • Strong sense of duty and extreme ownership mindset
Responsibilities
  • Build top-of-funnel opportunities: outbound calling, attending conferences, knocking on doors, and developing creative sourcing strategies
  • Leverage and expand your own professional network; build lasting relationships with owners and intermediaries
  • Manage prospects from Qualified Lead through to signing an LOI
  • Maintain and track progress in CRM; refine sourcing approach based on data, conversion, and feedback
  • Coordinate internal teams to deploy resources effectively, ensuring a smooth and professional client experience that maximizes conversion potential
  • Underwrite and evaluate opportunities using financial models and market comps
  • Understand the fundamentals of operating real estate (e.g., occupancy, yields, expense management) and communicate operating plans credibly to owners
  • Support due diligence and closing by coordinating analysis, documents, and stakeholder communications
Desired Qualifications
  • Exposure to niche or esoteric asset classes is a plus

Flock Homes helps landlords exit property management while keeping income. It purchases rental properties from individual owners and converts them into shares in a diversified real estate fund using the 721 Exchange, a tax-deferral strategy. The fund is managed by Flock and generates income from rents and property appreciation, distributed to shareholders quarterly. The company earns through property management fees and gains from the fund’s appreciation, aided by economies of scale from operating a large portfolio. Flock Homes differentiates itself by offering a tax-deferral exit option centered on the 721 Exchange, a specialized, scalable solution that reduces owners’ hassles and diversifies their investments. The goal is to provide a hassle-free way for landlords to retire or lower tax burdens while continuing to receive steady income.

Company Size

11-50

Company Stage

Series B

Total Funding

$46M

Headquarters

Denver, Colorado

Founded

2020

Simplify Jobs

Simplify's Take

What believers are saying

  • Multifamily expansion into secondary markets reduces concentration risk and improves yields.
  • Partnership ecosystem with insurtech creates cross-selling opportunities and customer stickiness.
  • $10M revenue with 400% growth approaching positive unit economics at scale.

What critics are saying

  • Rising interest rates compress cap rates and increase acquisition borrowing costs.
  • Roofstock launches competing 721 platform undercutting Flock on fees and speed.
  • IRS audits 721 funds for Section 721(b) diversification violations, triggering tax liabilities.

What makes Flock Homes unique

  • First-mover democratizing 721 exchanges for individual landlords with regulatory moat.
  • Integrated platform combining tax deferral, property management, and passive income.
  • Institutional backing from Andreessen Horowitz and Redwood Trust validates model.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

Growth & Insights and Company News

Headcount

6 month growth

8%

1 year growth

8%

2 year growth

10%
FinSMEs
May 13th, 2025
Flock Raises $20M in Series B Funding

Flock, a Denver, CO-based retirement solutions company for landlords, raised $20M in Series B funding

The Denver Post
Apr 3rd, 2025
Startup with 850 rental houses raises $22M; leases LoHi HQ

Flock Homes, which buys homes that are pooled in a REIT-styled fund, raised a $22 million round last month, according to SEC filings.

BusinessDen
Apr 1st, 2025
Flock Homes raises $22M, expands HQ

Flock Homes, a Denver startup, raised $22M, bringing its total funding to nearly $50M since 2020. The company, backed by Andreessen Horowitz, leased a new HQ in LoHi and plans to expand its 12-person team to over 20. Flock manages a $200M portfolio of 850 single-family homes and plans to add multifamily units. The firm aims to provide tax deferral and estate planning for clients. Flock posted $10M in revenue last year, with a 400% growth in 2024.

The Business Journals
Mar 24th, 2025
Denver real estate company raises $21 million

The business aims help rental homeowners exit the property by selling into a fund, the company says.

ResiClub
Oct 22nd, 2024
Mom-and-pop landlords aren't big fans of institutional homebuyers

To find out, ResiClub teamed up with Flock Homes to poll 284 real estate investors-85% of those surveyed own between 2 and 20 investment/rental properties.

INACTIVE