NYSE:ORetail REITs
Realty Income (O) Launches $6 Billion Data Center Venture With Cloud Capital
Realty Income (NYSE:O) has launched a major data center joint venture with Cloud Capital and a global institutional investor.
The platform is seeded with over US$6b in assets and includes an initial US$1.4b commitment to a Northern Virginia data center portfolio.
The joint venture targets long-duration, triple-net leases with investment-grade tenants and plans to expand beyond the U.S. into Europe.
Realty Income is best known for its monthly dividend and its focus on retail and industrial...