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Digital Realty Trust chief investment officer to step down

Digital Realty Trust Inc. said Scott Peterson will resign as chief investment officer, effective May 31, and Senior Vice President for Global Sales and Marketing Daniel Papes will leave the company, effective June 30.

The data center real estate investment trust said it expects to record during the second quarter roughly $800,000 in costs related to Peterson's transition to a consultant through Feb. 28, 2019, and some $1.2 million in costs related to Papes' separation compensation.