QTS Realty Trust (QTS) Tops Q4 FFO by 3c

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QTS and Alinda Capital Partners Announce Formation of $240 Million Joint Venture

February 25, 2019 4:02 PM EST

OVERLAND PARK, Kan., Feb. 25, 2019 /PRNewswire/ -- QTS Realty Trust (NYSE: QTS), a leading provider of software-defined and mega scale data center solutions, announced today the formation of a joint venture with Alinda Capital Partners ("Alinda"), a leading infrastructure investment firm with approximately $7 billion of assets under management. QTS contributed a 118,000 square foot hyperscale data center under development in Manassas, VA to the venture. The facility was contributed at a stabilized value of approximately $240 million, excluding associated closing costs, representing a 6.75% cap rate. QTS and Alinda will each take a 50%... More