Digital Realty's new year spending spree continued as it said it had entered a definitive agreement to buy three properties, the biggest of which is in Bedford Massachusetts.

The $375 million will be funded through borrowings under its revolving credit facility. The firm said the facilities have been 'renovated to modern data center standards in the last four years.

"Upon closing, the addition of these high quality, mission critical datacenter facilities will significantly expand our footprint in the important New England market," commented Scott Peterson, Senior Vice President of Acquisitions for Digital Realty Trust.

"The portfolio is leased to a diverse roster of 36 tenants in various industries primarily under long-term leases."

As of September 30, 2009, the weighted average remaining lease term for the buildings was 7.5 years. In addition to the leasehold tenants, there are 15 licensees of, among other things, ancillary equipment space, meet-me-room access, conduit space and non-specific server space at the buildings in the portfolio, the company said.

The move came just days after the investment trust announced a $63 million investment in Northern Virginia.