Tennessee: Carter Funds acquires data center in Collierville, Tennessee

This week, Aphorio Carter Fund Management Company, the critical infrastructure and data center division of Carter Funds, announced that it had acquired a fully leased enterprise data center property in Collierville for about $13 million.

John Regan, chief investment officer of Aphorio Carter, said, "We are enthusiastic to incorporate this property into our portfolio, offering strategic opportunities as nationwide demand for data centers continues to grow. In the first half of 2023, CBRE reported that vacancy rates for North American data centers stayed exceptionally low, hovering around a historic record of 3.3 percent. AI technology and the digital landscape, supported by data centers, continue to evolve at a remarkable pace."

This newly leased property marks the fifth data center purchase for Aphorio Center which prides itself as an investment management firm focused on acquiring digital and mission-critical infrastructure, including data centers, switch sites, and technology-related real estate throughout the US.