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Digital Realty, a leading global provider of data center, colocation, and interconnection solutions, has entered into definitive agreements with affiliates of Mapletree Investments Pte Ltd (MIPL) and Mapletree Industrial Trust for the sale of a portfolio of 10 Powered Base Building data centers. The deal also includes the establishment of a joint venture on three existing Turn-Key Flex hyper-scale data centers. The total consideration for both transactions will be approximately $1.4 billion.The company informed that proceeds from the transactions would initially be used to pay down debt. It will ultimately be used to fund future investment activity. These transactions represent an important step towards our goal of self-funding our growth and diversifying our sources of equity capital while shrinking our asset base and setting the stage for accelerating growth as the proceeds are redeployed into accretive investment opportunities, said A. William Stein, Chief Executive Officer, Digital Realty in a statement in the company press release.Headquartered in Singapore, MIPL is a leading real estate development, investment, capital, and property management company. MIPL currently manages four Singapore-listed REIT and six private equity real estate funds with assets located across Asia Pacific, Europe, UK, and US markets. Mapletree Industrial Trust, another real estate investment trust, has a portfolio of 87 industrial properties in Singapore and 14 data centers in the United States.MIPL and Mapletree Industrial Trust will acquire the Powered Base Building portfolio from Digital Realty for a total purchase price of approximately $557 million. These 10 fully-leased properties are expected to generate 2020 cash net operating income of approximately $37 million, representing a 6.6% cap rate.We have deepened our presence in the fast-growing data center sector with our second portfolio acquisition in North America. These transactions add high-quality properties in key data center markets underpinned by global cloud and colocation players, said Hiew Yoon Khong, Group Chief Executive Officer of Mapletree Investments in a statement.As per the agreement, an entity jointly owned by Mapletree Investments and Mapletree Industrial Trust will purchase an 80% interest, and Digital Realty will retain a 20% interest, in a joint venture on three fully stabilized hyper-scale facilities located in Ashburn, Virginia. They will acquire its 80% stake for approximately $811 million, valuing these three assets at approximately $1.0 billion. These three facilities are fully leased. They are expected to generate 2020 cash net operating income of approximately $61 million, representing a 6.0% cap rate. Digital Realty said that it would continue to operate and manage these facilities.The data center provider expects the transactions to close in late 2019 or early 2020, subject to customary closing conditions. More than 2,000 firms rely on Digital Realtys secure, network-rich portfolio of data centers located throughout North America, Europe, Latin America, Asia, and Australia. The company has more than 200 data centers to its credit in five continents.

Aligned Energy, a leading data center provider offering innovative, sustainable, and adaptable colocation and build-to-scale solutions, has expanded its Dallas, Texas-area data center, DFW-01. The latest expansion will add an 8 MW to its 19-acre campus.The US data center provider informed that the expansion is in response to rising customer demand for Aligneds adaptive and intelligent infrastructure solutions. The campus will support a 375,000 square-foot, 60 MW facility at full build-out. According to the company, its carrier-neutral Tier III Dallas data center accommodates variable standard and high power densities, up to 50kW per rack, to support high-performance computing demands.The expansion of our Dallas data center underscores our commitment to enabling our customers success by providing businesses with a high-performance, adaptive data center platform that is dynamically scalable, efficient and reliable, said Andrew Schaap, CEO of Aligned Energy in a statement.The company focuses on reducing the energy, water, and space needed to operate its data center solutions. Aligned believes that Texas offers powerful opportunities for its customers to achieve their sustainability goals. The Texas Electricity Grid (ERCOT) is the only self-contained electric power grid in the US that serves a single state. Aligned Energy says it facilitates businesses that collocate at its data center to take advantage of costs per kW that are significantly less compared to the national average.Our platform is focused on helping companies deliver greater business value with less costly energy and infrastructure resources, and our Dallas facilitys sustainability profile is further elevated as the State of Texas becomes a national leader in renewable power options, added Andrew Schaap.Its Dallas facility offers an industry-leading Power Usage Effectiveness (PUE). The companys own innovative Delta3 cooling solution uses up to 85 percent less water, and up to 80 percent less energy than traditional facilities, reducing natural resource use and customers total cost of ownership.Aligned has a total footprint of 1.6 million sq ft of data center space. Besides Dallas, the company has facilities in Ashburn, Phoenix, and Salt Lake City.

365 Data Centers, a leading provider of hybrid data center services for carrier, content, and enterprise customers, has expanded its portfolio of data centers. Norwalk-headquartered 365 Data Centers announced the acquisition of NYI-NJ, a Bridgewater, New Jersey facility. The company now boasts of eleven data centers to its credit.Were thrilled to announce this latest acquisition of an impressive, customer-focused business and a well-maintained, highly resilient data center, said Bob DeSantis, Chief Executive Officer of 365 Data Centers in a statement. Adding a central New Jersey data center, strategically located between our Philadelphia and New York City facilities, bolsters 365s growing network-centric, edge data center portfolio.The New Jersey facility offers an immediate 2.3MW of capacity 40 miles from New York City. The 25,000 square-foot data center will be quickly integrated into 365s existing platform of 10 data centers, 20 additional network PoPs, and cloud on-ramps. According to 365 Data Centers, the transaction adds over 120 enterprise customers and increases the carrier network PoPs within 365s network-centric ecosystem to 150.The data center provider informed that the funding for the acquisition came from a portion of a significant equity investment recently made in 365 by Turning Rock Partners, a New York-based investment firm, and 365s existing ownership group. The company also partially used 365s acquisition credit lines with Antares, ING Capital, and TD Securities to fund the purchase.We are pleased to make an investment in 365 alongside existing ownership to support the companys continuing success in providing hybrid data center solutions from extremely resilient network hubs. The highly committed management team and aligned investor base make terrific partners, said Maggie Arvedlund, CEO of Turning Rock Partners in a statement.365 Data Centers has a presence in 11 strategic, primarily edge, markets. It has data centers in Boca Raton, Buffalo, Chicago, Detroit, Fort Lauderdale, Indianapolis, Nashville, Philadelphia, New Jersey, New York City, and Tampa. The company operates facilities aggregating 200,000 square feet and 15 MW of power, along with an interconnected, resilient, low latency, nationwide fiber network.