Alright, let’s dive in. Here we go:
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So, Digital Core REIT, yeah? They’ve got these ten fancy data centers scattered across the US, Canada, Germany, and Japan. We’re talking a cool $1.62 billion in value as of the end of 2024. That’s some serious dough.
So, DCREIT, right? They’re like pure-play in the data center world. None of that mixed-use nonsense; it’s all about those data havens. Oh, and their big buddy, Digital Realty, they’re like the godfather of data centers globally. Imagine a pipeline of more than $15 billion in assets. That’s the kind of hookup DCREIT has. Wild.
End of 2024 rolls around, and bam! The portfolio is hitting a 96.7% occupancy rate. Last year was like a teeny-tiny smidge less, at 96.6%. Talk about consistency, am I right?
Now, let’s chat about the data center universe. Things are looking kinda bright, even though the world’s a bit of a mess with all that geopolitical drama and trade stuff, and don’t even get me started on inflation. But! Tech’s booming. Everyone’s jumping on the cloud bandwagon, digital everything, AI’s taking over. All this tech explosion means the data centers are gonna need more room to breathe.
We’re talking about colocation demand. What’s that, you ask? Think of it like posh Airbnb for IT gear. It’s forecasted to grow at a 27% CAGR from 2025 to 2029. That’s a lotta letters and numbers, but basically, business is set to boom.
Feel that chaos? That’s reality for ya.
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