Digital Realty buys Blackstone stake in Virginia data centers

Digital Realty has announced the purchase of Blackstone’s interest in three Northern Virginia data centers.

• Digital Realty agreed to buy Blackstone’s stake in three fully leased data centers in Northern Virginia, totaling 288 MW of IT capacity, for a gross value of $7.8 billion.
• The deal covers two Manassas sites and one Sterling site on the Digital Dulles campus; total consideration to Blackstone is $3.5 billion, including $1.2 billion cash and $2.3 billion in Digital Realty shares. Closing is expected on 2026-06-30, subject to customary conditions, and the assets are backed by 15-year leases with 3.6% annual rent escalators.