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Mount Elbert, GIC and OPTrust launch data center-focused EdgeCore Internet Real Estate
EdgeCore Internet Real Estate’s initial roll out of its North American data center platform will include campus developments across six markets. The Company has acquired land in Mesa, Arizona, and prior to the end of this quarter the company plans to ...
Mount Elbert Capital Partners, GIC and OPTrust have formed EdgeCore Internet Real Estate LLC, an investment firm that will focus on developing, acquiring and operating data centers in North AmericaEdgeCore will initially be capitalized with over $800 million in equity targeted to support about $2 billion in data center development and investment.
DENVER / TORONTO / SINGAPORE — February 14th, 2018 — Mount Elbert Capital Partners (“Mount Elbert”), GIC and OPTrust today announced the formation of EdgeCore Internet Real Estate, LLC (the “Company”), an investment vehicle with fully integrated operational capabilities formed to develop, acquire, and operate data centers across North AmericaThe Company will initially be capitalized with over US$800 million of equity targeted to support approximately US$2.0 billion in data center development and investment.
EdgeCore Internet Real Estate’s initial roll out of its North American data center platform will include campus developments across six marketsThe Company has acquired land in Mesa, Arizona, and prior to the end of this quarter the company plans to close upon existing agreements to acquire land in Dallas and RenoThe Company plans to commence construction on each campus immediately upon acquisitionWith each campus designed to deliver between 100 MW and 200 MW of critical power to customers, the Company plans to complete the first building in these markets in late 2018Additionally, in the second quarter of this year the Company intends to pursue acquiring land in three complementary Tier I markets, with a view toward commencing construction on each campus within the year.
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