8-KAcquisitions & DispositionsExhibits & Filings

DIGITAL REALTY TRUST, INC. 8-K Report, Acquisition Completed (Jan 22, 2010)

Filed January 22, 2010For Securities:DLRDLR-PJDLR-PKDLR-PL

Summary

Digital Realty Trust, Inc. (DLR) announced on January 22, 2010, the completion of a significant acquisition: the New England Portfolio. This strategic purchase comprises three modern data center properties totaling approximately 550,290 square feet, located in the key markets of Bedford and Needham, Massachusetts, and Trumbull, Connecticut. The acquisition was valued at approximately $375.0 million and was funded through borrowings under the company's revolving credit facility. This move expands DLR's footprint in the data center sector, suggesting a focus on growth and consolidation within the industry. Investors should note that while the transaction is complete, detailed financial statements and pro forma information related to this acquisition will be filed by amendment within 71 days.

Key Highlights

  • 1Digital Realty Trust, Inc. (DLR) completed the acquisition of the New England Portfolio on January 22, 2010.
  • 2The acquired portfolio consists of three data center properties totaling approximately 550,290 square feet.
  • 3The properties are located in Bedford and Needham, Massachusetts, and Trumbull, Connecticut.
  • 4The purchase price for the New England Portfolio was approximately $375.0 million, paid in cash.
  • 5The acquisition was funded by borrowings under DLR's revolving credit facility.
  • 6The acquired data centers have been renovated to modern standards within the last four years.
  • 7Detailed financial statements and pro forma information for the acquisition will be filed separately as an amendment within 71 days.

Frequently Asked Questions

Digital Realty Trust, Inc. acquired a three-property data center portfolio, referred to as the New England Portfolio, located in Massachusetts and Connecticut.

The New England Portfolio comprises approximately 550,290 square feet and includes properties at 55 Middlesex Turnpike in Bedford, MA; a 100% condominium interest representing 87.5% of the square footage at 128 First Avenue in Needham, MA; and 60-80 Merritt Boulevard in Trumbull, CT.

The acquisition, with a purchase price of approximately $375.0 million, was financed through cash funded by borrowings under Digital Realty Trust, Inc.'s revolving credit facility.

Digital Realty Trust, Inc. will file financial statements and pro forma financial information for the New England Portfolio by amendment as soon as practicable, but no later than 71 days from the date of this Form 8-K filing.