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Crusoe

Builds AI data centers near cheap energy

Financial Analyst, Real Estate - Land & Leases

Real Estate DevelopmentConfirmed live in the last 24 hours
Full-timeSan Francisco, CA, USAIn-person

About the Job

Requirements

  • A bachelor's degree in Finance, Real Estate, Economics, Accounting, or a related field is required.
  • At least 3 years of experience in real estate finance, project finance, investment banking, corporate development, or a related analytical role.
  • Strong financial modeling and Excel skills, with the ability to build and maintain models from templates or from scratch.
  • Familiarity with ground leases, purchase options, easements, and real estate or economic development incentive structures, or eagerness to learn them.
  • A basic understanding of how real estate and land structures interact with project financing, including debt sizing, financeability, and credit requirements.
  • The ability to manage multiple deals and assets simultaneously with attention to detail and organization.
  • The ability to communicate and work cross-functionally with Legal, Development, and Finance teams.

Responsibilities

  • Support financial due diligence on prospective land acquisitions, ground leases, and site control agreements by evaluating cost basis, tax implications, and site-level economics.
  • Gather and organize information from Legal, Real Estate, and Power teams on title, easements, zoning, utility access, and environmental factors.
  • Build and maintain site-level financial models covering acquisition cost, ground lease economics, property tax, and incentive or abatement value to support total-cost-of-ownership investment decisions.
  • Analyze land purchase agreements, ground leases, option agreements, and related real estate instruments to help ensure terms align with financing strategy.
  • Prepare analysis of how land ownership versus lease structures affect debt sizing and financeability, working with Capital Markets and Project Finance teams.
  • Compile materials for negotiating economic development incentives, tax abatements, and payments in lieu of taxes agreements with local and state governments.
  • Track land and real estate assets financially throughout their lifecycle, from acquisition through construction and operations.
  • Build and update a portfolio-level view of land and lease obligations, including payment schedules, escalators, renewal options, and purchase options, for forecasts and reporting.
  • Support Accounting with proper treatment of land, leases under ASC 842, and related capital costs.
  • Coordinate day-to-day data requests with Real Estate, Development, Power, Legal, and Project Finance teams.
  • Prepare financial analysis and supporting materials for board, investor, and lender due diligence related to real estate holdings and the site pipeline.
  • Build and maintain scalable tracking processes and tools as the land portfolio grows.

Desired Qualifications

  • Internship or coursework in data centers, energy, industrial, or infrastructure sectors.

About the Company

Crusoe

Builds AI data centers near cheap energy

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
Debt Financing
Total funding
$14.5B
Headquarters
Denver, CO
Founded
2018

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