TPG Real Estate Acquires Majority Stake in Three Northern Virginia Hyperscale Data Centers from Digital Realty

July 27, 2023

TPG Real Estate (through TPG Real Estate Partners) has acquired a majority stake in a portfolio of three stabilized hyperscale data centers in Ashburn, Northern Virginia, in a joint venture with Digital Realty, which retains a minority interest and will continue to manage the assets. The three facilities were contributed at an aggregate value of $1.5 billion (approx. 104 MW IT capacity), with the transaction valuing the portfolio at roughly a 6.0% cap rate and Digital Realty receiving about $1.3 billion of gross proceeds.

Buyers
TPG Real Estate (TPG Real Estate Partners)
Targets
Northern Virginia Hyperscale Data Center Portfolio (3 facilities)
Sellers
Digital Realty
Industry
Real Estate
Location
Virginia, United States
Transaction Type
Divestiture

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