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Blackstone Sells Stakes in Three Northern Virginia Data Centers to Digital Realty for $3.5 Billion
Blackstone sold its interests in three Northern Virginia data centers to Digital Realty Trust. The $3.5 billion transaction includes cash and shares and is set to close Tuesday. The assets were part of a 2023 joint venture between the firms.
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Blackstone sold its stake in three data centers in Northern Virginia to Digital Realty Trust. Digital Realty will pay Blackstone funds $1.2 billion in cash and $2.3 billion in its shares, for a total transaction value of $3.5 billion. The deal covers Blackstone's 80 percent interest in two 96-megawatt facilities in Manassas and its 50 percent interest in one 96-megawatt facility in Sterling.
The assets are valued at $7.8 billion in the transaction, ZeroHedge reported. The three centers formed part of a joint venture Blackstone announced with Digital Realty in 2023. The companies said they will continue to work together on remaining data-center investments in Northern Virginia, Paris, and Frankfurt.
Digital Realty CEO Greg Wright stated that the firms have developed a strong partnership. The transaction is expected to close on Tuesday. Blackstone manages more than $1.3 trillion in assets.
It acquired QTS in 2021 and bought Australian computing provider AirTrunk in 2024. Affiliates of Blackstone are already selling the Digital Realty equity they are set to receive from the deal.
