Why Blackstone is Buying a Data Center REIT

Data centers got some attention as pandemic investments last year, with people all over the world encouraged to stay home and live as much of their lives as possible online. But the longer-term growth story predates the pandemic and should last for years. And while investors haven't focused too much on COVID-19 plays in recent months, that doesn't mean those businesses have been forgotten.

One such company is data center real estate investment trust (REIT) QTS Realty Trust (NYSE: QTS), which this month agreed to be taken private by private equity giant Blackstone Group (NYSE: BX). Blackstone sees a future in this segment of the market -- should you?

Source Fool.com