SAN FRANCISCO-Those who follow @GlobeStcom onTwitter and @GlobeStLIVEmay have seen a post teasing the announcement, but haslearned that Digital Realty Trust Inc. has formed a $369-millionjoint venture with an investment fund managed by PrudentialReal Estate Investors, the real estate investmentmanagement and advisory business of PrudentialFinancial.

Digital Realty seeded the joint venture with nine Powered BaseBuilding data centers totaling 1.06 million square feet and valuedat approximately $366.4 million (excluding $2.8 million of closingcosts), or $346 per square foot. The properties are expectedto generate cash net operating income of approximately $24.5million in 2013, representing a 6.7% cap rate.

According to Digital Realty Trust, the properties are 100%leased, with an average remaining lease term of approximately nineyears.

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Natalie Dolce

Natalie Dolce, editor-in-chief of and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel,, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including and Museums New York magazine.