Digital Realty acquires Blackstone data centers
Analysis based on 33 articles · First reported Jun 29, 2026 · Last updated Jul 01, 2026
The acquisition by Digital Realty of Blackstone Inc.'s stake in Northern United States — West Virginia data centers is expected to be accretive to Digital Realty's Core FFO per share in 2027 and 2028, indicating a positive financial outlook for the company. The deal also highlights the surging demand for data center capacity driven by cloud computing and AI, suggesting continued growth in the digital infrastructure sector.
Digital Realty has agreed to purchase a blended 64% equity interest in three fully leased data centers in Northern United States — West Virginia from Blackstone Inc.-affiliated funds. The total consideration for Blackstone Inc.'s stake is $3.5 billion, comprising $1.2 billion in cash and $2.3 billion in Digital Realty shares. The transaction values the assets at a gross of $7.8 billion and is expected to close on June 30, 2026. The portfolio includes two data centers in United States — Manassas, Virginia, and one in United States — Sterling, Virginia, each with 96 megawatts of IT capacity, all 100% leased to investment-grade hyperscale customers. This move strengthens Digital Realty's position in the world's largest data center market and is anticipated to be accretive to its Core FFO per share in 2027 and 2028. Separately, Digital Realty announced the pricing of a secondary public offering of its common stock by Blackstone Inc. affiliates.
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