Hyperscale and AI workloads have pulled forward a decade of demand, and the binding constraint has shifted from tenants to megawatts. Assets that already hold power, or sit where power can be secured on a defined timeline, carry a premium the broader market still underprices, because most buyers underwrite from the rent roll backward rather than from the substation forward.
We buy existing capacity and make it usable for today's workloads.
Existing data centers
With in place power and aging mechanical and electrical plant, where modernization unlocks density the original design never contemplated.
Industrial and flex assets
With heavy power, proximity to fiber, and zoning that permits conversion.
Enterprise leased facilities
Where value comes from lease restructuring, expansion rights, or re-leasing.
Our primary strategy targets existing assets of 1 MW to 10 MW in place with expansion power to 50 MW. We will go larger when the asset and the partner justify it. We work in primary North American markets where we have transacted and hold relationships.
From control through delivery, one gated process.
We take powered sites from control through entitlement, design, and delivery: land selection, power acquisition and distribution, fiber procurement, project financing, and budget and contract management, with hyperscale, enterprise, telecom, and colocation tenants in mind from day one. We act as developer alongside our capital partners, or in a joint venture with a partner who already controls the site.
Every site we develop moves through the same gated process. Capital commitment rises only as each stage is derisked, so exposure stays limited until confirmatory diligence justifies the next step.
Four forms of the same asset.
We work across the forms a data center takes, for hyperscale, enterprise, telecom, and colocation requirements.
The team that underwrote the deal is the team that reports on it.
We manage each asset through the full investment lifecycle, from pre acquisition due diligence and valuation through disposition strategy and execution. That continuity matters in a sector where the people who underwrote a deal are rarely the ones operating it three years later.
Source off market
Most of what we underwrite never reaches a broker. It comes from owners, utilities, and operators we have worked with for years.
Underwrite the power
Utility studies, interconnection position, and on site generation options are settled before we price the real estate.
Derisk before closing
Our proprietary due diligence process is run on every acquisition and development, so there are no open ended studies and no surprises at the closing table.
Execute hands on
We manage design, leasing, and construction directly rather than through layers of third parties, and we manage the asset from the first diligence item through the day it is sold.
Exit on our partner's terms
The exit strategy is set with each capital partner so it aligns with their investment thesis, hold period, and return targets. We build the business plan around their objectives and revisit it as the market moves.