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Blackstone Group is taking data center REIT QTS private in an approximate $6.7 billion deal, according to a report in the Wall Street Journal. 

Blackstone Infrastructure Partners and BREIT have agreed to pay $78 a share for QTS, according to the WSJ, which says the companies plan to announce the deal today. The price is a 21% premium to QTS’s closing share price Friday and a 24% premium to the volume-weighted average over the last 90 days.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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