AUSTIN, Texas a d NEW YORK, Ju e 29, 2026 (GLOBE NEWSWIRE) — Digital Realty (NYSE: DLR), the wo ld’s la gest cloud- a d ca ie – eut al data ce te platfo m, a d Blacksto e I c. (NYSE: BX) today a ou ced that Digital Realty has ag eed to pu chase f om Blacksto e-affiliated fu ds ma aged by Real Estate, I f ast uctu e a d Tactical Oppo tu ities (“Blacksto e”) a stake i th ee fully leased data ce te s co tai i g 288 megawatts of total IT capacity i No the Vi gi ia at a g oss value of $7.8 billio , eflecti g a expected i itial stabilized capitalizatio ate of ove 6.5%. Total co side atio paid to Blacksto e fo thei ble ded 64% equity i te est i the assets will be $3.5 billio , i cludi g $1.2 billio of cash a d $2.3 billio i sha es of Digital Realty, based o the last epo ted sale p ice of the compa y’s commo stock o the New Yo k Stock Excha ge o Ju e 29, 2026. The po tfolio comp ises two data ce te s i Ma assas a d o e o the Digital Dulles campus i Ste li g, each with 96 megawatts of IT capacity, that a e 100% leased to th ee disti ct i vestme t g ade hype scale custome s. The pu chase is expected to be completed o Ju e 30, 2026, a d is subject to customa y closi g co ditio s.
“We have developed a st o g pa t e ship with Blacksto e th ough the successful o goi g developme t of these assets, a d we co ti ue to wo k togethe ac oss the emai i g data ce te i vestme ts i ou joi t ve tu es i No the Vi gi ia, Pa is a d F a kfu t,” said G eg W ight, Chief I vestme t Office of Digital Realty. “This t a sactio eflects the ext phase of that elatio ship, allowi g us to i c ease ou ow e ship i a po tfolio of fully leased, high quality hype scale assets that exte d ou u way fo g owth a d pipeli e of p oduct fo the co ti ued expa sio of ou st ategic p ivate capital platfo m.”
Mike Fo ma , Global Head of Digital I f ast uctu e fo Blacksto e Real Estate a d G eg Bla k, Global Head of Digital I f ast uctu e fo Blacksto e I f ast uctu e, said: “We a e th illed with this t a sactio a d the ea ly success of ou joi t ve tu e with Digital Realty. The Digital Realty team has bee exceptio al to wo k with, a d we look fo wa d to ou co ti ued pa t e ship. The dema d fo digital i f ast uctu e is eve st o ge today tha whe we established this joi t ve tu e i 2023, a d we have deep co victio i the oppo tu ity ahead.”
Digital Realty ag eed to pu chase Blacksto e’s 80% i te est i two 96 megawatt data ce te s i Ma assas, Vi gi ia a d a 50% i te est i o e 96 megawatt data ce te i Ste li g, Vi gi ia fo $7.8 billio , at 100% sha e, i cludi g assumed debt a d emai i g capex to complete the o goi g developme t. Two of the data ce te s a e expected to stabilize i the fi st half of 2027, with the thi d a ticipated to stabilize i the fi st half of 2028. Th ough this t a sactio , Digital Realty will i c ease its exposu e to ew capacity i the wo ld’s la gest data ce te ma ket, suppo ted by 15-yea leases with a ble ded ave age AA- custome c edit ati g a d 3.6% a ual e t escalato s, that a e expected to e ha ce the Compa y’s g owth a d visibility.
“This t a sactio is expected to be acc etive to Co e FFO pe sha e i each of 2027 a d 2028, as developme t is completed a d e ts comme ce,” said Matt Me cie , Chief Fi a cial Office of Digital Realty. “We also expect it to be acc etive to co t actual o ga ic e t g owth a d po tfolio quality, give lo g te m leases with p emie hype scale custome s i ewly co st ucted assets, i the la gest a d most sought-afte data ce te ma ket. We believe that ou executio to date a d the ece tly a ou ced st ategic t a sactio s, positio Digital Realty to exte d its g owth t ajecto y.”
I vesto Relatio sJo da Sadle / Jim HusebyDigital Realty+1 737 281 0101I vesto Relatio s@digital ealty.com
Media Co tactHele BleasdaleDigital Realty+1 737 267 6822hcbleasdale@digital ealty.com
Jeff ey KauthBlacksto e+1 212 583 5395jeff ey.kauth@blacksto e.com
Paula Chi ha tBlacksto e+1 646 583 6684paula.chi ha t@blacksto e.com
This p ess elease co tai s fo wa d-looki g stateme ts based o cu e t expectatio s, fo ecasts, a d assumptio s that i volve isks a d u ce tai ties which may cause actual esults to diffe mate ially f om those desc ibed. These i clude stateme ts elated to the Blacksto e acquisitio , completio of developme t a d stabilizatio , expected be efits, a d the compa y’s st ategy. Fo a desc iptio of these isks a d u ce tai ties, please efe to the compa y’s fili gs with the U.S. Secu ities a d Excha ge Commissio . The compa y u de takes o obligatio to update a y fo wa d-looki g stateme ts.
