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Blackstone launches data center REIT during AI boom

IPO filing targets US properties leased to hyperscaler tenants
Blackstone estimates the total market for stabilized data center properties could reach $1 trillion over the next five years. (Getty Images)
Blackstone estimates the total market for stabilized data center properties could reach $1 trillion over the next five years. (Getty Images)
CoStar News
April 13, 2026 | 5:38 P.M.

Blackstone is opening a new gateway for public investors into data centers, betting that artificial intelligence and cloud computing will drive a $1 trillion market for leased-up properties within five years.

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IN THIS ARTICLE


  • Companies
  • Contacts
    • Mike Forman

      Head of Americas Acquisition, Blackstone Inc.

    • Nicholas Pell

      President & Chief Investment Officer, Link Logistics Real Estate

    • Anthony Marone

      Chief Financial Officer, Blackstone Real Estate Income Trust, Inc.