DIGITAL REALTY BUYS MAJORITY STAKE IN VA DATA CENTERS FOR $7.8B

The acquisition targets three data centers in Northern Virginia, a region critical for cloud computing and AI infrastructure due to proximity to major tech hubs and fiber networks. All three facilities are fully leased, providing immediate revenue streams upon closing. Digital Realty, a leading global data center operator, continues its strategy of acquiring stabilized assets with long-term tenant commitments. The company manages over 290 data centers across six continents. Blackstone-managed funds, which previously held the majority stake, will remain a minority investor in the properties. The deal is expected to close in the coming months, subject to customary closing conditions. Northern Virginia hosts major data centers serving government and commercial sectors. The region's strategic location and existing infrastructure have made it a focal point for data center consolidation and expansion in recent years.