Figure 1
In a fragmented market, we can offer speed and certainty of execution
Solutions designed to meet hyperscale global expansion demand.
Long standing relationships and a vertically integrated approach
In terms of our track record, we’ve already developed or acquired over 100 data center assets, and our pipeline reflects the scale and momentum of the opportunity ahead. But scale alone isn’t the differentiator—it’s how we deploy it. Our ability to move quickly, negotiate directly, and deliver turnkey solutions is powered by a team of seasoned professionals with deep expertise in site selection, power procurement, regulatory navigation, local tax strategy, and cutting-edge development and operational technologies. These are individuals who’ve spent their careers solving complex infrastructure challenges— so we’re not learning on the job. We’re executing with speed and certainty in dynamic markets where precision matters.
And building data centers at scale is a complex undertaking—it requires advanced engineering, meticulous planning, and experienced development teams. Our proven ability to develop and deliver at scale has translated into growing partnerships with the hyperscalers across the U.S., EMEA, and APAC. Backed by substantial capital resources and an expansive footprint, we take on the foundational infrastructure— securing land, power, and building shells—so our partners can focus their capital on what drives their business: outfitting data halls with the technology that powers AI and cloud computing.
That alignment is key. We’re not just a capital provider—we’re a strategic partner. We believe our consistent delivery and repeat engagements have earned us the trust of hyperscale clients positioning us to grow alongside them in a global opportunity we were built to meet.
Matt A'Hearn: It’s a great question, and one that’s becoming more relevant by the day. We’re seeing a generational “wave-on-wave” opportunity driven by the acceleration of AI on top of already significant cloud computing demand. Recent estimates suggest AI training and inference in the U.S. alone could require an additional 50GW of capacity by 2028—that’s more than 80% growth compared to today’s global data center footprint.5 As this new capacity comes online, we see a massive opportunity in stabilized assets over the next few years—that will likely require long-term takeout capital.
What makes these assets so compelling is the profile of the tenants. We’re talking about long-term leases with investment-grade hyperscalers who have already invested significant capex into these facilities.6 These dynamics can create high renewal rates and minimal churn, and—because we’re not exposed to the underlying chips or servers—can also potentially mitigate technology obsolescence risk. Once stabilized, these assets tend to behave more like core infrastructure—think toll roads or utilities—with long useful lives and strong cash flow visibility.
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FOR ILLUSTRATIVE PURPOSES ONLY. Past performance is not a guarantee of future results. There can be no assurance that historical trends will continue.
At the same time, the fundamentals are exceptionally strong. Vacancy in top-tier markets is under 2%, and new development is constrained by limited access to land and power in strategic locations. That supply-demand imbalance supports long-term rent growth and asset appreciation. And when you underwrite these assets, you’re often looking at a yield premium relative to the corporate debt of the tenant—which is a very attractive place to be from a risk-adjusted return standpoint.
For investors, it’s a way to access the digital economy with infrastructure-like stability and tech-like growth. That’s a rare and powerful combination.
