Data centers continue to grow in strength as an asset class, a trajectory widely expected to continue given the introduction of the 5G network this year, autonomous vehicles soon to come and the ongoing, increasing demand from the work-from-home crowd.

American Real Estate Partners (AREP), an institutional fund manager and operating partner focused on data center, office, and residential/mixed-use development, and Harrison Street this week announced a $1 billion joint venture commitment to develop six powered shell data centers.

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