Digital realty and realty income form build-to-suit data center development joint venture

Realty income acquires 80% equity interest in two data centers currently under construction in northern virginia, with up to 48 megawatts of potential it load austin, texas and san diego , nov. 13, 2023 /prnewswire/ -- digital realty (nyse: dlr), the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, and realty income corporation (realty income, nyse: o), the monthly dividend company®, announced that they have established a joint venture to support the development of two build-to-suit data centers in northern virginia.  realty income invested approximately $200 million to acquire an 80% equity interest in the venture, while digital realty maintains a 20% interest.
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