Realty Income forms hyperscale data center joint venture

Realty Income has announced a programmatic joint venture with Cloud Capital and a global institutional investor to invest in hyperscale data centers.

• Realty Income expects to invest up to $1.4 billion for a 45% equity stake in a three-asset Northern Virginia portfolio of stabilized and under-development hyperscale data centers.
• The JV will acquire one stabilized asset in Q3 2026 and two assets under development later, with CloudHQ providing property management and development management services and Cloud Capital retaining a minority investment.