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Blackstone to sell $3.5 billion stake in data centers to Digital Realty

Investment giant, REIT partnered on developments in Northern Virginia in 2023
Digital Realty's Northern Virginia holdings include 43714 Efficiency Drive in Dulles, pictured. (CoStar)
Digital Realty's Northern Virginia holdings include 43714 Efficiency Drive in Dulles, pictured. (CoStar)

Blackstone is selling a stake in three data centers in Northern Virginia, the world's largest market for such real estate, to an investment trust seeking to tap into increased demand for property that supports artificial intelligence.

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