EL7.AI
StocksMediumUpdated•Originally published 4 July 2026•Updated 4 July 2026•
2 min read

Digital Realty to Acquire Blackstone Data Centers in $3.5B Deal

Man in glasses centered before server racks with Blackstone and Digital Realty logos in an orange-toned illustration.

Key Facts

1Digital Realty is acquiring a 64% interest in three hyperscale data centers in Northern Virginia from Blackstone.
2The deal is valued at $3.5 billion and is expected to be accretive to Core FFO per share by 2027-2028.
3The company announced additional growth investments including land purchase near Kansas City and increasing its stake in Teraco.

Amid surging demand for cloud computing and artificial intelligence infrastructure, Digital Realty has announced a major strategic expansion. The company is acquiring a 64% interest in three hyperscale data centers in Northern Virginia from Blackstone in a deal valued at $3.5 billion. This move is expected to be accretive to Core FFO per share by 2027-2028, and the company further announced growth investments including land acquisitions near Kansas City and an increased stake in the Teraco project.

This acquisition occurs during a period of intense competition in the digital real estate sector, with primary peer Equinix (EQIX) reporting a 7% year-over-year revenue increase in its latest quarterly results according to search data. By securing these assets, Digital Realty strengthens its footprint in Northern Virginia, the world's largest data center market. Per market data, the expansion is supported by a $1.2 billion equity raise intended to fund the company's aggressive growth trajectory.

Traders should monitor DLR stock, which stood at $173.3 at close July 02, 2026, after trading between a low of $172.01 and a high of $177.47. Looking ahead, market sentiment for tech-REITs may be influenced by the upcoming Manufacturing PMI data from China on June 30, which serves as a broader indicator for global industrial and infrastructure demand.