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Tokyo’s NTT seeds new data center REIT with US properties

Firm raises $1 billion to buy three assets in California, one in Northern Virginia
NTT transferred ownership of Ashburn VA2 Data Center in Ashburn, Virginia, to a new Singapore-based real estate investment trust. (CoStar)
NTT transferred ownership of Ashburn VA2 Data Center in Ashburn, Virginia, to a new Singapore-based real estate investment trust. (CoStar)

Tokyo-based telecommunications and information technology services company NTT has spun off six of its data centers, including four in the United States, to a new Singapore-based real estate investment trust.

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