Senior Associate, Real Estate Strategy

Crusoe is on a mission to accelerate the abundance of energy and intelligence. As the only vertically integrated AI infrastructure company built from the ground up, we own and operate each layer of the stack — from electrons to tokens — to power the world's most ambitious AI workloads. When you join Crusoe, you join a team that is building the future, faster.

We're in the midst of the greatest industrial revolution of our time. The demand for AI compute is boundless, and power is a bottleneck. We're solving that — with an energy-first approach that makes AI infrastructure better for the world and faster for the people innovating with AI.

We're looking for problem-solving, opportunity-finding teammates with a sense of urgency, who believe in the scale of our ambition and thrive on a path not fully paved — people who want to grow their careers alongside a team of experts across energy, manufacturing, data center construction, and cloud services.

If you want to do the most meaningful work of your career, help our customers and partners advance their AI strategies, and be part of a high-performing team that believes in each other, come build with us at Crusoe.

About This Role:

Crusoe is building the world’s favorite AI-first cloud infrastructure, powered by clean and renewable energy. We are seeking a Senior Associate to join our Real Estate Development team. In this role, you will drive feasibility analyses, site selection, and financial modeling for large-scale data center projects. You will play a key role in evaluating infrastructure, capital structures, and entitlement pathways that enable Crusoe to expand globally. This is a highly cross-functional position requiring collaboration with finance, construction, engineering, policy, and external partners.

This role is required to be in office 5 days per week in our San Francisco, CA, office.

What You'll Be Working On:

• Conduct feasibility analyses for new data center development opportunities, assessing power availability, environmental/geotechnical considerations, substation proximity, fiber availability, latency constraints, and broader infrastructure requirements.

• Create and manage financial models for infrastructure-intensive developments, including analysis of capitalization structures utilizing both conventional and alternative financing sources.

• Evaluate site selection factors such as energy access, cooling infrastructure, and permitting requirements.

• Support capital raising efforts through preparation of development models, offering memoranda, investor outreach reports, and other marketing materials.

• Present acquisition opportunities and return scenarios to senior leadership, with a focus on land values, infrastructure recovery, and investor alignment.

• Collaborate with consultants, city officials, and community stakeholders on entitlement and zoning efforts.

• Prepare and manage RFP processes for general contractors and other vendors.

• Monitor market trends and provide regular analysis on interest rates and financing conditions.

• Asset-manage predevelopment sites to optimize interim revenue strategies.

• Partner with internal teams and external advisors to drive complex mixed-use and data center projects from inception through entitlement and pre-construction.

What You'll Bring to the Team:

• Experience: 3-5 years of experience in real estate development, finance, or related infrastructure fields.

• Technical Proficiency: Highly skilled in financial modeling, deal structuring, and evaluating capitalization strategies.

• Domain Expertise: Experience with entitlements, permitting, and land development planning.

• Project Management: Adept at managing multiple priorities and tracking project milestones in a fast-paced environment.

• Communication: Strong presentation skills with the ability to influence senior leadership and external partners.

• Tools: Proficiency in Microsoft Excel and PowerPoint. Experience with Argus Enterprise or GIS is a plus

Bonus Points:

• Prior experience in data centers or large-scale infrastructure.

• IPP energy development experience.

Benefits:

• Competitive compensation

• Restricted Stock Units

• Paid time off & paid holidays

• Comprehensive health, dental & vision insurance

• Employer contributions to HSA account

• Paid parental leave

• Paid life insurance, short-term and long-term disability

• Professional development & tuition reimbursement

• Mental health & wellness support

• Commuter benefits (parking & transit)

• Cell phone stipend

• 401(k) Retirement plan with company match up to 4% of salary

• Volunteer time off

Compensation Range:

Compensation will be paid in the range of $135,000 - $165,000 + Bonus, and Restricted Stock Units are included in all offers. Compensation to be determined by the applicant’s education, experience, knowledge, skills, and abilities, as well as internal equity and alignment with market data.

Crusoe is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, disability, genetic information, pregnancy, citizenship, marital status, sex/gender, sexual preference/ orientation, gender identity, age, veteran status, national origin, or any other status protected by law or regulation.