US real estate investment firm CenterSquare Investment Management is investing in Aligned Data Centers.

The size of the investment was not disclosed. The investment was facilitated by CenterSquare’s partnership with Macquarie Asset Management, the majority stakeholder of Aligned Data Centers.

Chad Burkhardt, managing director of strategic capital at CenterSquare, said: “We look forward to partnering with Aligned, a well-regarded operator and developer of data centers, satisfying the robust demand being driven by the escalating adoption of cloud technology and the burgeoning AI wave.”

The CEO of Aligned, Andrew Schaap, added: “CenterSquare’s investment is a tremendous validation of our vision and growth strategy. The investment further propels Aligned’s expansion, enabling the development of next-generation data center infrastructure to support the surge of AI and hyperscale computing.”

CenterSquare joins Mubadala and Macquarie as investors in Aligned.

Aligned currently operates campuses in Chicago, Illinois; Dallas, Texas; Phoenix, Arizona; Salt Lake City, Utah; and Northern Virginia. The company also has sites in development in Oregon, Arizona, Illinois, Ohio, and Virginia.

Outside of the US, Aligned acquired LATAM-based Odata in May last year and has a footprint in Brazil, Chile, Columbia, and Mexico. It has also invested in Canadian firm QScale.

Headquartered in Philadelphia, CenterSquare manages approximately $13 billion in assets and has offices in New York, London, Los Angeles, and Singapore.

This is seemingly the company’s first investment in data centers.

Earlier this year, Blackstone loaned Aligned $600 million to finance the build of a new data center in West Jordan, Utah.