{"id":145795,"date":"2021-07-28T13:30:15","date_gmt":"2021-07-28T17:30:15","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&p=145795"},"modified":"2021-07-28T13:30:15","modified_gmt":"2021-07-28T17:30:15","slug":"singapore-reit-acquiring-2-atlanta-area-data-centers-as-part-of-1b-deal","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/singapore-reit-acquiring-2-atlanta-area-data-centers-as-part-of-1b-deal\/","title":{"rendered":"Singapore REIT Acquiring 2 Atlanta-Area Data Centers As Part Of $1B Deal"},"content":{"rendered":"
July 26, 2021 | Jarred Schenke | Bisnow Atlanta<\/p>\n
A Singapore-based REIT is under contract to buy a massive portfolio of data centers in the U.S., including two in Metro Atlanta,\u00a0 for more than a billion dollars.<\/p>\n
Tampa-based Sila Realty Trust is under contract to sell both 250 Williams St. in Downtown
\nAtlanta and 11650 Great Oaks Way in Alpharetta, both part of a larger 29 data center portfolio, to Mapletree Industrial Trust for $1.32B, according to documents filed with the Securities and Exchange Commission. Sila, formerly Carter Validus Mission Critical REIT, is expected to close the sale by Dec. 15.<\/p>\n
Mapletree didn’t reveal how it valued each asset. Sila acquired the 997K SF 250 Williams St., formerly known as the American Cancer Society Building, in 2017 for $166M and the 165K SF 11650 Great Oaks Way data center in Alpharetta in 2015 for $56. 7M. The entire portfolio encompasses 3.3M SF of net leasable data center space that has an occupancy rate of 87.8% with such tenants as InComm, Sungard, Evoque, BP and CyrusOne, according to a Mapletree
\npresentation\u00a0filed with the SEC.<\/p>\n
Mapletree reported that 250 Williams has upside as a data center investment given half the building is used for other commercial uses, including office, and could be converted to data center use.<\/p>\n
A Singapore-based REIT is under contract to buy a massive portfolio of data centers in the U.S., including two in…<\/p>\n","protected":false},"author":2691,"featured_media":142724,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3010,2808,2906],"tags":[],"class_list":["post-145795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asset-manager-news","category-data-center","category-sila-realty-trust"],"acf":[],"yoast_head":"\n