Mapletree Industrial Trust to Buy 29 Data Centers in the U.S.
Posted on 05/20/2021
Mapletree Industrial Trust (MIT) is a real estate investment trust listed on the Main Board of Singapore Exchange. Its principal investment strategy is to invest in a diversified portfolio of income-producing real estate used primarily for industrial purposes in Singapore and income-producing real estate used primarily as data centres worldwide beyond Singapore, as well as real estate-related assets.
Mapletree Industrial Trust has entered into a purchase and sale agreement to acquire 29 data centers located across 18 states in the United States at a purchase consideration of US$ 1,320 million from Tampa-based Sila Realty Trust, Inc. The Properties constitute the entirety of the data center properties owned by Sila Realty Trust. The Transaction is expected to be completed in one or more closings during the third quarter of 2021. All Properties are sited on freehold land, except for 2005 East Technology Circle, Tempe and part of 250 Williams Street NW, Atlanta, which have remaining land tenures of 61.6 years and 46.7 years respectively as at June 1, 2021.
Advisors
Moelis & Company LLC acted as lead financial advisor to Sila Realty Trust, and Holland & Knight LLP served as legal counsel to Sila Realty Trust.
Sila Realty Trust is a public, non-traded real estate investment trust headquartered in Tampa, Florida, that invests in healthcare properties and data centers leased to tenants capitalizing on critical and structural economic growth drivers.
Temasek Holdings (Private) Limited owns 29.34% of Mapletree Industrial Trust.
Property List (all freehold except)
10309 Wilson Boulevard, Blythewood, South Carolina
11085 Sun Center Drive, Rancho Cordova, California
11650 Great Oaks Way, Alpharetta, Georgia
13831 Katy Freeway, Houston, Texas
1400 Cross Beam Drive, Charlotte, North Carolina
1400 Kifer Road, Sunnyvale, California
1501 Opus Place, Downers Grove, Illinois
1755 & 1757 Old Meadow Road, McLean, Virginia
1764A Old Meadow Lane, McLean, Virginia
200 Campus Drive, Somerset, New Jersey
2005 East Technology Circle, Tempe, Arizona (61.6 years)
2301 West 120th Street, Hawthorne, California
2455 Alft Lane, Elgin, Illinois
250 Williams Street NW, Atlanta, Georgia (46.7 years/Freehold)
2601 West Broadway Road, Tempe, Arizona
3065 Gold Camp Drive, Rancho Cordova, California
3255 Neil Armstrong Boulevard, Eagan, Minnesota
400 Holger Way, San Jose, California
400 Minuteman Road, Andover, Massachusetts
4121 and 4114 Perimeter Center Place, Oklahoma City, Oklahoma
4600 Carothers Parkway, Franklin, Tennessee
4726 Hills and Dales RoadNW, Canton, Ohio
505 West Merrill Street, Indianapolis, Indiana
5225 Exchange Drive, Flint, Michigan
5400 -5510 Feltl Road, Minnetonka, Minnesota
6 Norden Place, Norwalk, Connecticut
630 Clark Avenue, King of Prussia, Pennsylvania
700 Austin Avenue, Waco, Texas
8700 Governors Hill Drive, Cincinnati, Ohio
