Digital realty and tpg announce joint venture of hyperscale data centers in northern virginia

Tpg real estate acquires 80% stake in $1.5 billion portfolio austin, texas , july 27, 2023 /prnewswire/ -- digital realty (nyse: dlr), the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, and tpg real estate, the real estate investment platform of alternative asset management firm tpg, announced today that they have established a joint venture in which tpg will acquire a majority stake in three stabilized hyperscale data centers in northern virginia (the "portfolio").  digital realty will maintain a minority interest in the portfolio while continuing to manage the day-to-day operations of the assets, providing a seamless customer experience.
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