Mapletree buys Rancho Cordova data centers from Sila Realty - Sacramento Business Journal bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
32 min ago Share Sila Realty Trust’s plan to shed its portfolio of data centers will further focus the Tampa company and better position it for its future goal. by: Kevin McQuaid Commercial Real Estate Editor
In selling its entire portfolio of 29 data center properties to a Singapore-based investment firm, Sila Realty Trust Inc. expects to better sharpen its focus on the health care assets for which it is better known.
The move by the Tampa-based company also could better position Sila Realty for an eventual sale, merger or public listing on a stock exchange a long-term goal management has stated is a desired endgame.
Singapore’s Mapletree Industrial Trust to acquire 29 US data centres for $1.3b
2601 West Broadway Road, Tempe, Arizona, one of the 29 data centres.
May 21, 2021
Mapletree Industrial Trust has agreed to acquire 29 data centres in the US from Sila Realty Trust for approximately $1.3 billion, the Singapore-listed trust said in a stock exchange filing.
The deal, which covers a total land area of 8.4 million square feet, will be financed through a combination of debt and equity, with the final structure to be decided at a later stage, Mapletree said.
The proposed acquisition is expected to make Mapletree Investment Trust one of the largest owners of data centres among REITs listed in the Asia-Pacific region. It also gives the REIT a presence in 13 out of the top 15 data centre markets in North America.
Involta buys SecureData 365 s data center in Canton
Involta, LLC
Involta LLC, an IT, cloud computing and data center services company, announced it has acquired the Canton assets of data center operator SecureData 365.
In a news release issued Thursday, May 6, Cedar Rapids, Iowa-based Involta said the deal adds a new data center and a highly skilled team to its national portfolio. SecureData 365 s Canton data center is about 30,000 square feet.
An Involta spokeswoman wrote in an email that the company is not disclosing terms of the deal. She added that 13 Canton employees from SecureData 365 will join Involta as a result of the deal. The acquisition does not include SecureData 365 s Cleveland operations, the spokeswoman confirmed. She did not provide employee or revenue figures for Involta.
Sila Realty Trust, Inc Announces the Appointment of New Member of the Board of Directors streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.