Earlier this month, the announcement hit that Blackstone Infrastructure Partners, Blackstone Real Estate Income Trust and other long-term perpetual capital vehicles managed by Blackstone would acquire all outstanding shares of common stock of QTS Realty Trust for approximately $10 billion.
David Bonser, who co-heads the Corporate and Finance practice in the Americas and the global REIT practice at Hogan Lovells, an advisor on the deal, thinks the agreement will set a new bar for pricing data centers.
"You may well see some increased activity and price acceleration in that [data center] space," Bonser says. "Whenever you see a buy-out candidate at a really strong premium like that, it does tend to drive the rest of the space up."
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
