Forms programmatic JV with Cloud Capital affiliates to invest in hyperscale data centers
JV seeded with three Northern Virginia assets valued at more than $6B; one stabilized asset is slated for acquisition in Q3 2026. - Plans to invest up to $1.4B for a 45% equity stake, with about $700M funded in Q2-Q3 2026. - Portfolio is 100% leased or pre-leased to investment-grade hyperscale tenants under 15- to 20-year triple-net leases with annual escalators; CloudHQ will provide property and development management.
JV seeded with three Northern Virginia assets valued at more than $6B; one stabilized asset is slated for acquisition in Q3 2026. - Plans to invest up to $1.4B for a 45% equity stake, with about $700M funded in Q2-Q3 2026. - Portfolio is 100% leased or pre-leased to investment-grade hyperscale tenants under 15- to 20-year triple-net leases with annual escalators; CloudHQ will provide property and development management.