Digital Core REIT unitholders back data center portfolio deal with sponsor
DLR•Digital Core REIT unitholders backed a portfolio transaction involving sales of interests in three North American data centers and purchases of interests in data centers in Japan and Singapore. The deal is expected to increase distributions per unit by 4% and reduce aggregate leverage by approximately 300 basis points, with closing and related financing expected in the fourth quarter of 2026.
1. Transaction approved
Digital Core REIT unitholders backed a transaction to sell interests in three North American data centers to the REIT’s sponsor and use a portion of the proceeds to purchase interests in one Japanese and one Singapore data center from the sponsor. Closing and related financing are expected in the fourth quarter of 2026.
2. Expected portfolio effects
The transaction is expected to increase distributions per unit by 4% and reduce aggregate leverage by approximately 300 basis points. It would double the portfolio’s Asia-Pacific concentration and establish a presence in Singapore.
