Sabey Corp. and National Real Estate Advisors close $150m investment from Manulife Investment Management

Sabey Corp. and National Real Estate Advisors have announced the closing of a $150 million investment in Sabey Data Center Properties (SDCP) by their new strategic partner, Manulife Investment Management.

Manulife Investment Management’s commitment was funded from the John Hancock Life Insurance Co. (U.S.A.) balance sheet as well as third-party managed accounts.

SDCP is one of the largest and greenest privately held data center owner/developer/operators in the United States, as well as the sole data center ABS master trust platform, with an S&P A+ credit rating. Funds from this closing will be used to capitalize on robust tenant demand for data center space by growing SDCP’s portfolio.

“The Sabey partnership with National Real Estate Advisors has been key to our success in expanding our nationwide data center footprint, and we are pleased to welcome Manulife Investment Management as a new strategic partner,” said Dave Sabey, chairman and president, S