Announced
Financials
Tags
Cross Border
Pending
Friendly
United States
Private Equity
data center infrastructure
Majority
Data Centers and Hosting
Joint Venture
Acquisition
Private
Single Bidder
Synopsis
Corporate Office Properties Trust, a real estate investment trust, and Blackstone agreed to form a joint venture to acquire interests in eight single-tenant, data center shell properties totaling 1.3m square feet and valued at $293m. "We are very pleased to expand our relationship with Blackstone. These transactions further confirm the value of our portfolio of strategically located data center shell properties and the value our development platform adds for shareholders," Stephen E. Budorick, COPT President and CEO.
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