Top Real Estate News for Tuesday, Nov. 16, 2021: Data Center REIT Sales Continue
Make it two data center REITs sold this week, as an upstart truck maker is said to be eyeing an Atlanta site, consumer and homebuilder confidence appear to be on the rise, and we take a look at real estate prospects for the year ahead.
CyrusOne (NASDAQ: CONE) has agreed to a buyout deal: Private equity giants KKR (NYSE: KKR) and Global Infrastructure Partners (GIP) are paying a total of $15 billion for the data center real estate investment trust (REIT). The agreement ends weeks of speculation that the REIT was about to get acquired.
This is the second such deal this week, and the third this year. Motley Fool contributor Matthew DiLallo lays out here how this flurry of activity dramatically alters the landscape of the data REIT sector as their operations get bought up for integration into the greater digital infrastructure ecosystem.
Source Fool.com
