Formation of joint venture between Alinda Capital Partners, a private equity firm, and QTS Realty Trust, a data center REIT, to finance the development of a hyperscale data center under development in Manassas, Virginia. QTS and Alinda will each take a 50% interest in the venture. "We are pleased to partner with Alinda, a premier infrastructure investor, to enhance QTS' access to capital in support of its accelerating and capital efficient growth initiatives," said Chad Williams, Chairman and CEO – QTS. "This strategic partnership gives QTS a unique ability to optimize capital, materially enhances the overall return on capital profile within our portfolio and expands our available sources of capital funding with an experienced infrastructure investor. In addition, the implied valuation encompassed in the joint venture agreement demonstrates the strong underlying value of data center assets within QTS' broader platform."