Colony Capital has signed a definitive agreement to acquire from existing third-party investors an ownership interest of 20.4 percent in DataBank, the leading private owner and manager of edge data centers in the United States with a nationwide footprint, for approximately $185 million.
Digital Bridge principals will retain their existing DataBank interests and provide Colony the voting power to appoint a majority of its board. This transaction represents the company’s inaugural direct balance sheet investment in digital real estate and first step to gain exposure to the edge/colocation data center sector with significant organic growth and acquisition opportunities
