QTS Realty Trust and Blackstone announced that they have entered into a definitive agreement under which Blackstone Infrastructure Partners, Blackstone Real Estate Income Trust, Inc. and other long-term perpetual capital vehicles managed by Blackstone will acquire all outstanding shares of common stock of QTS Realty Trust for $10 billion.
“We are delighted to back QTS and its world-class management team as they continue to scale the company to meet the rising demand for data centers,” said Greg Blank, senior managing director, Blackstone Infrastructure Partners. “QTS aligns with one of Blackstone’s highest conviction themes — data proliferation — and the required investment makes it well suited as a long-term holding for our perpetual capital vehicles. We are committed to a strong, lasting partnership, leveraging Blackstone’s scale, reach, resources and access to capital to drive long-term growth at QTS.”
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