Digital Realty Trust Acquires Two Fully Leased Datacenter Properties and Land Parcel in Northern Virginia
04 Januar 2010 - 2:00PM
PR Newswire (US)
SAN FRANCISCO, Jan. 4 /PRNewswire-FirstCall/ -- Digital Realty
Trust, Inc. (NYSE:DLR), the world's largest wholesale datacenter
provider, announced today that it acquired two fully leased
datacenter properties and a 10.73 acre site in Northern Virginia.
The first property, 45901 & 45845 Nokes Boulevard, is located
in Sterling, Virginia, totals approximately 167,000 rentable square
feet and is fully leased to a leading managed service provider. The
second property, 21561 & 21571 Beaumeade Circle, is located in
Ashburn, Virginia, totals over 164,000 rentable square feet and is
fully leased to one of the world's largest communications
companies. Adjacent to the Beaumeade Circle property is the 10.73
acre land parcel, which is capable of supporting up to 140,000
square feet of new datacenter development. The transaction closed
on December 18, 2009, and the total purchase price for the
properties was $63.3 million. "We are continuing to execute on our
strategy to grow FFO by investing in income producing facilities at
attractive risk-adjusted returns in top tier markets with this
acquisition," commented Scott Peterson, Senior Vice President of
Acquisitions for Digital Realty Trust. "The buildings are
strategically located near our existing Northern Virginia
facilities and are leased to existing DLR customers. This further
expands our footprint in this key datacenter market to
approximately 1.2 million rentable square feet. The addition of the
land parcel can also serve to accommodate future growth." "This
transaction brings total acquisitions of income producing
properties to $197.7 million for 2009, near the high end of our
acquisitions guidance for the year," stated A. William Stein, Chief
Financial Officer and Chief Investment Officer for Digital Realty
Trust. "We also expect the average cash cap rate to be within the
cap rate guidance that was provided." About Digital Realty Trust,
Inc. Digital Realty Trust, Inc. owns, acquires, redevelops,
develops and manages technology-related real estate. The Company is
focused on providing Turn-Key Datacenter® and Powered Base
Building® datacenter solutions for domestic and international
tenants across a variety of industry verticals ranging from
information technology and Internet enterprises, to manufacturing
and financial services. Digital Realty Trust's 81 properties,
excluding one property held as an investment in an unconsolidated
joint venture, contain applications and operations critical to the
day-to-day operations of technology industry tenants and corporate
enterprise datacenter tenants. Comprising approximately 14.4
million rentable square feet as of January 4, 2010, including 1.9
million square feet of space held for redevelopment, Digital Realty
Trust's portfolio is located in 27 markets throughout North America
and Europe. For additional information, please visit Digital Realty
Trust's website at http://www.digitalrealtytrust.com/.
Forward-Looking Statement This press release contains
forward-looking statements which are based on current expectations,
forecasts and assumptions that involve risks and uncertainties that
could cause actual outcomes and results to differ materially. These
risks and uncertainties include the impact of the current
deterioration in the global economy; future income, expenses,
including property taxes, and capital expenditures for the
properties being acquired being consistent with our due diligence
and underwriting expectations; bankruptcy or insolvency of one or
more tenants at the properties being acquired; the downturn of
economic conditions in our geographic markets, including the
markets where the properties being acquired are located; decreases
in information technology spending, including as a result of
economic slowdowns or recession; adverse economic or real estate
developments in our industry or the industry sectors that we sell
to; decreases in real estate valuations and resulting impairment
charges; our dependence upon significant tenants; defaults on or
non-renewal of leases by tenants; our failure to obtain necessary
debt and equity financing for refinancing; increased interest rates
and operating costs; our failure to repay debt when due or our
breach of covenants or other terms contained in our loan documents;
financial market fluctuations; our ability to manage our growth
effectively; our failure to successfully operate acquired or
redeveloped properties; delays or unexpected costs in development
or redevelopment of properties; decreased rental rates or increased
vacancy rates; increased competition or available supply of data
center space; inability to successfully redevelop and lease new
properties and space held for redevelopment; difficulties in
identifying properties to acquire and completing acquisitions; our
inability to acquire off-market properties; our inability to comply
with the rules and regulations applicable to public companies; our
failure to maintain our status as a REIT; possible adverse changes
to tax laws; restrictions on our ability to engage in certain
business activities; environmental uncertainties and risks related
to natural disasters; changes in foreign laws and regulations,
including those related to taxation and real estate ownership and
operation; changes in real estate and zoning laws; and increases in
real property tax rates. For a further list and description of such
risks and uncertainties, see the reports and other filings by the
Company with the United States Securities and Exchange Commission,
including the Company's annual report on Form 10-K for the year
ended December 31, 2008 and the Company's quarterly reports on Form
10-Q for the quarters ended March 31, 2009, June 30, 2009 and
September 30, 2009. The Company disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
For Additional Information: --------------------------- A. William
Stein Pamela A. Matthews Chief Financial Officer and Director of
Investor Relations Chief Investment Officer Digital Realty Trust,
Inc. Digital Realty Trust, Inc. +1 415-738-6500 +1 415-738-6500
DATASOURCE: Digital Realty Trust, Inc. CONTACT: A. William Stein,
Chief Financial Officer and Chief Investment Officer, or Pamela A.
Matthews, Director of Investor Relations, both of Digital Realty
Trust, Inc., +1-415-738-6500 Web Site:
http://www.digitalrealtytrust.com/
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