Key facts
- Realty Income is forming a venture to acquire hyperscale data centers.
- The venture partners include Cloud Capital and an undisclosed institutional investor.
- The initial acquisition targets three hyperscale data centers in Northern Virginia.
- The Northern Virginia assets are valued at over $6 billion.
- Realty Income expects to hold a 45% equity stake in the initial investment.
Realty Income has announced a strategic partnership aimed at acquiring hyperscale data centers. The company is collaborating with Cloud Capital and an undisclosed institutional investor to form a new venture for this purpose. The initial phase of this venture involves the acquisition of three hyperscale data center assets located in Northern Virginia. These properties are valued at more than $6 billion. Realty Income anticipates holding a 45% equity stake in this initial investment. This move signifies Realty Income's expansion into the rapidly growing data center sector, a market characterized by increasing demand for digital infrastructure.