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The portfolio was purchased by an institutional investor for $57 million and was encumbered by CMBS debt, but selling it intact circumvented defeasance penalties that would have been triggered by carving up.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.
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NOI growth is the clearest path to improving asset value. Now, AI tools can help operators drive additional NOI growth while boosting overall investment performance.
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Shorter tenors and tighter risk frameworks are pushing banks toward indirect lending structures.
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This grossly values the data centers at $7.8 billion.