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Dubai Firm To Buy Stake in $100M NoVa Data Center Portfolio

COLUMBIA, MD--Corporate Office Properties Trust will make a 20% investment in the portfolio, according to GFH's announcement.

By Erika Morphy | erikamorphy | Updated on April 17, 2017

Stephen Budorick Stephen Budorick

COLUMBIA, MD-GFH Financial Group, a Bahrain-based Islamic investment banking provider, has signed an agreement to invest in a two-asset Northern Virginia data center portfolio with a market value of $100 million. Corporate Office Properties Trust is partnering with GFH on this deal with a 20% investment of its own.

The portfolio is expected to provide semi-annual cash distributions at an annual rate of 9.5% over the investment period and an internal rate of return of 12%, according to GFH.

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