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New Deal


Announced

Realty Income and Digital Realty to form a joint venture.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Data Centers and Hosting

Majority

Private

United States

data centers

Domestic

Joint Venture

Pending

Friendly

Single Bidder

Synopsis

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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.

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