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Realty Income (O) Is Putting $1.4 Billion Into Hyperscale Data Centers
finance.yahoo.com·14 hours ago·Global·1 min read
Source: finance.yahoo.com
Realty Income (NYSE:O) has entered a programmatic joint venture with Cloud Capital and a global institutional investor to invest in hyperscale data centers in the U.S. and Europe.
The company has initially committed up to US$1.4b for a substantial stake in a portfolio of hyperscale data centers.
The move broadens Realty Income's exposure beyond retail and traditional net lease assets into digital infrastructure.
The joint venture is intended to diversify cash flow sources and support...
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