trending Market Intelligence /marketintelligence/en/news-insights/trending/NBpvKGROCY1Rc7Wv7pJrCA2 content esgSubNav
In This List

Corporate Office sets up data center JV with GI Partners affiliate

Blog

Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise

Blog

FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Corporate Office sets up data center JV with GI Partners affiliate

CorporateOffice Properties Trust established a 50/50 data center-focusedjoint venture with an affiliate of private investment firm GI Partners.

The unconsolidated venture purchased six of the company'ssingle-tenant data center facilities with an aggregate area of 962,000 squarefeet. It funded about 40% of the assets' value using $60 million of 10-yearmortgages with a 3.4% interest rate. The GI affiliate paid roughly $44 millionfor its interest in the venture.

The transactions generated $104 million in proceeds for theREIT.