Cottonwood Group closed $56 million in financing for three data center developments in Arizona, Ohio, and Virginia. Based in California, Cottonwood is a private equity real estate investment firm headed up by CEO Alexander Shing.
“The timing for these investments was ideal, given the sector’s explosive growth trajectory and Cottonwood’s bullish outlook on digital infrastructure,” Green said. “As demand for data centers accelerates, we are well-positioned to deploy capital in a sector that continues to show immense growth.”
He added: “Data centers are an extension of our broader strategy to align with high-growth sectors underpinned by secular trends, such as digitization of the global economy. Beyond financial returns, we view our investments as an opportunity to contribute to the critical infrastructure that drives economic innovation and connectivity.”
Cottonwood also recently provided $33 million in financing for the development of a 350,000 sq ft industrial warehouse in Atlanta, Georgia. Already this year, the company closed a $248 million senior bridge loan facility - the majority of which will be used for a 425-acre mixed-use development in Austin, which features housing and restaurants.
