Realty Income and Digital Realty to form a joint venture.

Realty Income, a company providing shareholders with monthly income, and Digital Realty, a data center platform delivering customized data analysis solutions to businesses, agreed to form a joint venture to support the development of two build-to-suit data centers in Northern Virginia. Financial terms were not disclosed. "We are delighted to partner with Realty Income, a blue-chip net-lease REIT, in their first investment in the data center sector. The formation of this development joint venture supports our customer's build-to-suit requirements with a like-minded, long-term investor as our partner. The transaction also further bolsters and diversifies Digital Realty's capital sources, while enhancing our flexibility so that we can prudently support our stakeholders' longer term capacity requirements," Andy Power, Digital Realty President and CEO.