
AREP closes $309 million investment fund focused on data centers
Most of fund going into the company's PowerHouse platform
Most of fund going into the company's PowerHouse platform
Campus could reportedly total 18 buildings and five million sq ft
Development in Dallas-Fort Worth will be PowerHouse's second campus in the state
Company pays $154 million on facility leased last year
AREP-owned comapany comes to Irving
First 150MW phase due live in late 2025
Company has projects in Virginia, North Carolina, and Nevada
Site to become 265MW data center campus
AREP-owned company's first project outside Virginia
KKR-owned company signs 30-year lease at 54MW facility along Data Center Alley
Company names JV with Harrison Street, details three sites in Sterling, Ashburn, and Arcola
Fund will be used to invest in data center, residential, industrial, and office assets
Real estate investment firms planning 2 million+ sq ft campuses in Loudoun County to serve hyperscalers
AREP & Harrison Street take over site previously earmarked for 30MW facility