Aphorio Carter Fund Management Company, the critical infrastructure and data centre division of Carter Funds, has acquired a fully leased enterprise data centre property in Collierville, Tennessee, for approximately $13 Million.
The property is a corporate data processing facility situated on the 118-acre FedEx World Technology Centre Campus in a suburb of the Memphis metropolitan area. Spanning 4.62 acres, the facility boasts over 86,000 square feet of space, including 41,000 square-foot raised floor area.
Built in 2001, the data centre is 100% net leased to a globally recognised logistics powerhouse company.
“We are enthusiastic to incorporate this property into our portfolio, offering strategic opportunities as nationwide demand for data centres continues to grow. In the first half of 2023, CBRE reported that vacancy rates for North American data centres stayed exceptionally low, hovering around a historic record of 3.3%. AI technology and the digital landscape supported by data centres continues to evolve at a remarkable pace,” said John Regan, chief investment officer of Aphorio Carter.
This acquisition marks Aphorio Carter’s fifth critical infrastructure real estate investment within the last 16 months, aligning with the company’s strategy to acquire mission-critical, technology-related real estate.