C

Crusoe

Builds AI data centers near cheap energy

Senior Director - Portfolio Management

Full-TimeUpdated on 10/21/2026
$235k - $285k+ Bonus + Restricted Stock Units
Expert
Bachelor's
Dallas, TX, USA+1 moreMore locations: Denver, CO, USA
In Person
Real EstateReal Estate Property Management

About the job

Requirements
  • A bachelor's degree in Real Estate, Business, Finance, or a related field.
  • At least 15 years of experience in corporate real estate, portfolio strategy, lease administration, or commercial real estate transaction management, including experience with data center or cloud colocation leasing.
  • Demonstrated experience managing multiple concurrent lease transactions across multiple geographies and asset types, including office and data center or colocation.
  • Strong financial acumen, including developing business cases, cash flow projections, occupancy cost analyses, lease economics, and executive recommendations.
  • Hands-on experience with lease review, abstracting, and management, including tracking critical dates, options, and obligations across a large, complex portfolio.
  • Experience negotiating commercial lease terms in partnership with brokers and legal counsel, including colocation- and data center-specific terms such as power, service level agreements, interconnection, and expansion rights.
  • Experience leading or supporting lease and portfolio audits, with a strong understanding of compliance and risk management practices.
  • Experience managing stakeholders and influencing cross-functional partners and executive leadership without direct authority.
  • Proficiency in Excel or Google Sheets, with strong financial modeling and analytical skills.
  • Written and verbal communication skills, including synthesizing complex real estate and financial information for executive audiences.
  • Ability to operate in a fast-paced, high-growth environment with evolving business priorities.
Responsibilities
  • Partner with Finance, People, Workplace, and Data Center Operations leadership to translate hiring forecasts, capacity plans, and space and power utilization into real estate recommendations; evaluate expansion, consolidation, renewal, and exit opportunities across global office and data center markets.
  • Own the master lease abstract database across all locations, tracking key dates, terms, options, renewal windows, and obligations.
  • Lead comprehensive lease review and abstracting for new and existing manufacturing office, data center, and cloud colocation agreements, capturing key business, financial, and legal terms in standardized formats for portfolio-wide tracking and reporting.
  • Manage end-to-end real estate transactions, including new office and manufacturing leases, renewals, subleases, expansions, contractions, and terminations, in partnership with brokers and legal counsel.
  • Lead ongoing cloud colocation and data center lease management, including power and capacity commitments, service level agreements, interconnection terms, expansion rights, and hyperscaler lease administration.
  • Own tracking and management of critical lease dates across the portfolio, including notice periods, renewal and termination options, rent escalations, expansion and contraction windows, and compliance deadlines; ensure proactive action ahead of milestones.
  • Build and maintain cash flow models, occupancy cost analyses, rent schedules, lease comparisons, escalations, and common-area maintenance reconciliations to support executive decision-making across office, manufacturing, and data center portfolios.
  • Prepare business cases, portfolio updates, and executive presentations that translate complex lease and financial data into clear, actionable recommendations.
  • Serve as the primary point of contact between Workplace, Finance, Legal, Procurement, Data Center Operations, and site leadership on lease matters, including purchase order and approval workflows in Coupa.
  • Manage the relationship with Crusoe's global brokerage partner, lead lease negotiations, coordinate transaction strategy, and drive favorable business and financial outcomes across the portfolio.
  • Track insurance requirements, certificates of occupancy, permits, and critical lease obligations across office and data center locations; manage lease and portfolio audits and identify and mitigate portfolio risks.
  • Partner with brokers and internal stakeholders on new market evaluations, including market analysis, site tours, financial comparisons, and lease execution for office and manufacturing sites.
  • Lead evaluation and implementation of a global lease administration platform and improve portfolio reporting, documentation, and governance, including audit readiness.
Desired Qualifications
  • Experience implementing or administering lease management software.
  • Experience in a high-growth technology, AI, data center, or manufacturing environment.
  • Experience working directly with a global brokerage firm, such as JLL, CBRE, or Cushman & Wakefield.
  • Experience supporting international real estate transactions and global portfolios.
  • Direct experience with hyperscaler or wholesale data center lease structures and negotiations.

About the company

Crusoe builds and runs data centers for artificial intelligence, placing them near cheap or otherwise wasted energy and handling everything from the power supply to the cloud software. It developed the flagship campus in Abilene, Texas, for Stargate, the AI infrastructure project backed by OpenAI and Oracle. AI companies rent its GPU servers on demand or under longer contracts through Crusoe Cloud to train and run their models, while larger customers lease entire campuses that Crusoe develops and operates for them. The company was founded in 2018, when it began running computers at oil fields on natural gas that would otherwise have been burned off, and it is based in Denver.

Company Size

1,001-5,000

Company Stage

Series F

Total Funding

$13.8B

Headquarters

Denver, Colorado

Founded

2018

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Simplify's Take

What believers are saying

  • Room to grow: Crusoe listed 358 open roles in October 2026, from cloud engineering to factory work.
  • Equity has a path to cash: Crusoe was meeting IPO banks, including Goldman Sachs and JPMorgan, in August 2026.
  • Steady work ahead: Crusoe reported over $140 billion in signed customer contracts in September 2026.

What critics are saying

  • Projects aren't safe until built: Google asked Crusoe to leave a 1.8-gigawatt Wyoming campus, then took over in July 2026.
  • The hard part is ahead: only 1 of the 6-plus gigawatts Crusoe had signed was running in September 2026.
  • Less upside for new hires: Crusoe's valuation hit $30.9 billion in September 2026, triple its October 2025 level.

What makes Crusoe unique

  • It makes its own electrical gear instead of waiting on suppliers: two Tulsa factories have built over 2,500 switchboards.
  • Its own MemoryAlloy software lets GPUs share memory, so AI answers start up to 9.9 times faster in Crusoe's tests.
  • Its power-ready land is in demand: Microsoft leased 900 megawatts at Abilene in March 2026 after OpenAI and Oracle passed.

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Benefits

  • Industry competitive pay
  • Health insurance package options that include HDHP and PPO, vision, and dental for you and your dependents
  • Paid life insurance, short-term and long-term disability
  • Parental leave
  • Stock options in a fast-growing, well-funded technology company
  • Pet-friendly offices
  • Teladoc
  • 401(k) with a 4% match
  • Unlimited time off
  • Cell phone reimbursement
  • Tuition reimbursement
  • Company paid commuter benefit; $100 per month

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

2%

2 year growth

2%
Yahoo Finance
Sep 23rd, 2026
Thinking Machines Lab signs $65M deal with Crusoe for AI inference infrastructure

Crusoe, a vertically integrated AI infrastructure provider, has signed a $65 million annual agreement with Thinking Machines Lab to power inference for the lab's open models on Crusoe Cloud. Through Crusoe Managed Inference, Thinking Machines Lab will serve production workloads including its Inkling models, GLM 5.2 and 5.3, on NVIDIA HGX B200 systems connected with NVIDIA Quantum-2 InfiniBand networking. The service enables Thinking Machines Lab to scale without managing its own inference stack. The companies plan to expand into batch inference for large-scale synthetic data generation. Thinking Machines Lab joins other clients that have taken Crusoe Managed Inference past $100 million in contracted annual recurring revenue less than a year from launch.

The Wall Street Journal
Sep 17th, 2026
The Startup That Built OpenAI’s Biggest Data Center Is Now Making Tiny Ones

Crusoe raised $3.9 billion at a valuation of nearly $31 billion, as it bets on factory-built data centers.

Yahoo Finance
Sep 15th, 2026
Crusoe signs multiyear Perplexity cloud deal for Nvidia AI chips

Crusoe has signed a multiyear cloud agreement to supply Perplexity with Nvidia AI chips for model training and inference, Bloomberg reported Tuesday. The deal's financial terms and capacity were not disclosed. Under the agreement, Crusoe will manage the technology throughout its operating life. More than 1,800 Crusoe employees will receive access to Perplexity's Enterprise Max product, which provides AI-powered search tools. The contract adds to Crusoe's growing cloud business, which recently secured a five-year agreement with Jane Street worth roughly $13 billion. In June, Crusoe reported 4.9 GW of contracted AI infrastructure capacity across its data centre projects and cloud platform, with a development pipeline exceeding 40 GW. Crusoe opened a 400,000-square-foot manufacturing plant in Tulsa, Oklahoma, on Monday.

Yahoo Finance
Sep 14th, 2026
Crusoe opens second Tulsa facility, doubles workforce to 300 for AI infrastructure manufacturing

Crusoe has opened its second manufacturing facility in Tulsa, Oklahoma, adding 400,000 square feet to its operations and bringing its national manufacturing footprint to roughly 1 million square feet. The AI infrastructure company has hired more than 300 local workers across its two Tulsa sites, up from the 100 initially expected when the first facility opened in 2024. The facilities produce electrical equipment for AI infrastructure, including medium-voltage switchgear, low-voltage switchboards, electrical enclosures, industrial controls, and custom-fabricated copper busbar. The company has supplied more than 2,500 switchboards to its Stargate Project site in Abilene, Texas. Crusoe now employs more than 1,800 people, with 15,000 skilled workers across its sites. The company manufactures components in-house to reduce production time and maintain quality control.

Bloomberg Law
Sep 3rd, 2026
Crusoe Raises Over $3 Billion in Round at $30 Billion Valuation

Crusoe, a cloud-computing provider and data center developer doing business with OpenAI, Microsoft Corp. and Meta Platforms Inc., has raised over $3 billion in a funding round that values the startup at roughly $30 billion, according to people familiar with the situation.