Head of Legal

Why Flock?

We're at the beginning of the largest transfer of wealth in human history. In the coming decades, millions of mom-and-pop landlords, who own trillions of dollars of real estate, will pass their properties on to the next generation.

At some point, every landlord faces the same problem: they don't want to own, but they don't want to sell. Why? The loss of income and appreciation, depreciation recapture and capital gains, the hassles of getting a house ready to sell – the list goes on.

Flock is building the retirement solution for landlords. Our first offering is a tech-driven 721 Exchange, helping individual rental property owners seamlessly convert their real estate into shares in a professionally managed portfolio of homes. Some people call it the UPREIT; we call it "The People’s REIT."

We’re fortunate to be backed by a great group of venture capital firms, including Andreessen Horowitz, Human Capital, Susa Ventures, Box Group, and Primary Venture Partners, as well as a large network of strategic investors, including 1Sharpe Ventures, Redwood Trust (NYSE: RWT), Fred Tuomi (former CEO of Invitation Homes), and Eric Wu (former CEO of Opendoor). Since our launch two years ago we've grown from 5 homes to 500 homes, and we're just getting started.

The Position

As Head of Legal at Flock, you’ll be the authoritative in-house expert to drive all aspects of the Company’s commercial legal efforts. Our core product, Flock Homes OP, is built on top of several complex legal and tax frameworks, and you’ll be an integral member of the leadership team guiding our strategy and working cross-functionally to implement best practices. You’ll play a defining role in our growth by protecting our Company, our owners, and ongoing operations, and take a business-oriented approach to problem solving.

Your core responsibility will be ensuring compliant growth — you’ll work closely with Sales and Product to implement best practices and build a regulatory framework that is prepared for future examinations and inquiries. Additionally, you’ll oversee the legal elements of all financing and real estate operations. You’ll work closely with the Capital Markets team to oversee the legal aspects of transactions and financings and with the Investments team to oversee legal issues that arise from real estate ownership in local jurisdictions. 

Responsibilities

• Oversee all legal aspects of Flock’s legal initiatives, prioritizing Flock Homes OP’s legal compliance and regulatory considerations
• Develop a framework to prepare Flock Homes OP for future regulatory registrations and examinations
• Review fund registration statements and other regulatory filings
• Advise on debt and equity financings for both the Company and Flock Homes OP
• Address legal issues that arise from owning and operating real estate across state and local jurisdictions
• Provide general business counsel, corporate governance, and securities advice

Qualifications

• J.D with 6-12+ years’ relevant experience as a practicing attorney in the financial services industry with intricate knowledge of fund operations
• Deep and broad knowledge of securities laws, regulations, and practices; knowledge of broker-dealers, investment advisers, and investment companies
• Background in real estate, including transactions, financings, tax, and operational considerations a plus
• Excellent analytical, writing, and oral communication skills
• Ability to work cross-functionally across the organization and manage myriad of external counsel relationships
• Ability to be successful working at times within tight deadlines and timeframes
• Ability to work independently and handle multiple tasks
• Strong sense of ownership and a commitment to excellence
• Exceptional judgment and integrity, adept at making smart decisions in the face of ambiguity and imperfect information
• Flexible, adaptive, and always open to learning something new

The total annual compensation range for this role in New York City and San Francisco is $400,000-$600,000 (including base salary and equity), and benefits including medical, dental, vision, and 401(k).