Digital Realty announced it has completed the acquisition of Blackstone's interests in two joint ventures, Digital Carver Dulles 9 and Digital Carver Brickyard. In connection with the transaction, affiliates of Blackstone conducted an underwritten public offering of 12,310,249 shares of Digital Realty common stock, valued at approximately $2.28 billion. The company did not receive any proceeds from the sale.
Key Details
- Acquisition Completion: On June 30, 2026, Digital Realty completed its acquisition of all of Blackstone's interests in the Digital Carver Dulles 9 and Digital Carver Brickyard joint ventures.
- Secondary Offering: On July 1, 2026, Blackstone sold 12,310,249 shares of common stock to the public at a price of $185.00 per share. The gross proceeds for Blackstone totaled approximately $2.28 billion.
- Share Issuance: To facilitate the transaction, Digital Realty created a new class of 12,310,249 shares of non-voting common stock, which were issued to Blackstone. These shares automatically converted to voting common stock upon being sold by Blackstone in the offering.