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Aligned Data Centers receives investment from CenterSquare

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In Short:

US real estate investment firm CenterSquare Investment Management is investing in Aligned Data Centers through partnership with Macquarie Asset Management. The investment will support Aligned’s growth initiatives in the booming cloud technology and AI sectors. This investment adds CenterSquare to the list of investors in Aligned, including Mubadala and Macquarie. Aligned recently received a USD 600 million credit facility from Blackstone for their new data center in West Jordan, Utah.

Aligned Data Centers Secures Investment from CenterSquare

US real estate investment firm CenterSquare Investment Management (CenterSquare) has made an investment in Aligned Data Centers (Aligned). This investment was made possible through CenterSquare’s partnership with Macquarie Asset Management, whose managed funds currently hold a majority stake in Aligned Data Centers. With this investment, CenterSquare now joins Mubadala and Macquarie as investors in Aligned. The exact amount of the investment has not been disclosed. A press release stated that this strategic investment with Macquarie Asset Management will support Aligned’s growth and expansion efforts.

CenterSquare’s Investment

CenterSquare Investment Management stated, “We are excited to collaborate with Aligned, a reputable operator and developer of data centers, to meet the high demand driven by the increasing adoption of cloud technology and the growing AI trend.”

“CenterSquare’s investment serves as strong validation of our vision and growth strategy,” added Aligned. “This investment will further drive Aligned’s expansion, allowing for the development of cutting-edge data center infrastructure to accommodate the rise of AI and hyperscale computing.”

Based in suburban Philadelphia, CenterSquare oversees about USD 13 billion in assets under management as of December 2023 and has offices in New York, London, Los Angeles, and Singapore.

Aligned’s Latest Facility in West Jordan

In March, Blackstone provided an initial USD 600 million senior secured credit facility to support the construction of Aligned’s newest and largest data center in West Jordan, Utah.

Aligned’s SLC-03 data center is an 80 MW build-to-suit project spread across two floors on its hyperscale campus in West Jordan, Utah, which currently hosts three facilities. This marks the company’s fourth hyperscale data center in the Salt Lake City metro area.

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