Blackstone is selling its interest in three Northern Virginia data centers to Digital Realty. The transaction values the total assets at approximately $7.8 billion.
Digital Realty will pay $3.5 billion for Blackstone’s 64% blended equity stake. The payment consists of $1.2 billion in cash and $2.3 billion in Digital Realty stock.
The deal and a related secondary stock offering should close by July 1, 2026. Each of the three facilities provides 96 megawatts of IT capacity.
Investment-grade hyperscale tenants fully lease the entire portfolio. This transaction represents one of the largest U.S. data center portfolio trades of 2026. The sale underscores surging investor demand for infrastructure supporting the artificial intelligence boom.