search

The Real Deal Logo

Trending

Glossier founder is buyer of $22M Brooklyn townhouseGlossier founder is buyer of $22M Brooklyn townhouseMichael Stern pays $61M for Brickell site of Dolce & Gabbana supertallMichael Stern pays $61M for Brickell site of Dolce & Gabbana supertallStarwood sells four office buildings in Miramar at a loss for $45MStarwood sells four office buildings in Miramar at a loss for $45M“I wouldn’t use it, I would just lock the door”: Landlords pan new rehab law“I wouldn’t use it, I would just lock the door”: Landlords pan new rehab law
New York

Data center REITs Digital Reality and DuPont Fabros join forces in $7.6 billion merger

Sign Up for the undefined Newsletter

If there was any doubt about the value of data center real estate investment trusts, the merger of San Francisco’s Digital Realty and Washington D.C.-based DuPont Fabros, in an all-stock transaction worth $7.6 billion, should dispel any questions. The deal, which is expected to close in the second half of 2017, will see DuPont Fabros shareholders receiving 0.545 Digital Realty shares for each DuPont share they own. The new merged company will be worth $34.3 billion according to its investor report. [Globe Street]