Published in United States

Principal Real Estate raises over half a billion for first dedicated US data center fund

Jun 10, 2021 | Posted by Eric Bell

Principal Real Estate has announced that it has secured over half a billion dollars for its US data center fund, following the final investor close on 30 April. 

The $533 million comes from a total of 15 limited partners, including insurance companies, wealth managers, endowments, and foundations from the US, Canada, Europe, Asia, Latin America, and the Middle East.

The Principal Digital Real Estate Fund will be used to develop and acquire data centers in the US, focusing on primary markets of Dallas, Chicago, Phoenix, Northern Virginia, and Northern California. Secondary markets targeted will include the Pacific Northwest, Atlanta, Austin/San Antonio, Southern California, and the Northeast.

There are 4504 data centers in United States.

Sequitor Edge Data Center
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Proposed site for Wildwood Ranch AI Campus in Joplin, Missouri
Posted in Wildwood Ranch: Joplin, MO Source: Joplin City Council
Proposed site for Takanock's Project Baccara in Arizona
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Proposed sitemap for Project Laurel in Limerick Township
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Proposed site plan for Project Flex in Lyon Township, Michigan
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Proposed siteplan for Project Delta in Stokes County
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EdgeConneX acquired a 180-acre parcel near AUS01 in Bastrop, Texas.
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Preliminary siteplan for Cloverleaf's data center in St. Louis, Missouri
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Proposed site for Morris Technology Park
Posted in Tract: Morris Tech Park Source: Tract
Proposed layouts of the Janesville data center
Posted in APECS Data Center Campus Source: Planning documents
Site for QumulusAI's data center in Denton, TX
Posted in QumulusAI: Denton, TX |
Hut 8 launched Project Vega in Texas
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Blueprint for Energy Storage Solution’s proposed Kingsboro AI Data Center
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Rendering of Beale Infrastructure's Project Atlas in Oklahoma
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Proposed site for Prologis' 13-building data center campus in Indiana
Posted in Prologis: Shelbyville, Indiana Source: City of Shelbyville
Rendering of Skybox San Angelo Data Center Campus in Texas
Posted in Skybox: San Angelo, Texas Source: Skybox
Proposed site for J5 LLC's data center campus in Piqua, Ohio
Posted in J5 LLC: Piqua, Ohio Source: Google Maps
Proposed site for Cetronia Road Data Center in Pennsylvania
Posted in Cetronia Road Data Center Source: Google Maps
Sitemap for Sabey's Decatur Technology Park in Indianapolis, Indiana
Posted in Sabey: Decatur Tech Park Source: Sabey Data Centers
A massive 827-acre data center proposed for Sand Springs, Oklahoma
Posted in Google: Project Spring Source: Sand Springs rezoning application
Proposed area for Rocklocker's Data Center in Kalkaska Township, MI
Posted in Rocklocker: Kalkaska Township, MI |
Rendering of Rowan Digital's Project Temple in Texas
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Proposed Wallace Jackson Data Center Campus in Spalding County
Posted in Wallace Jackson DC Campus Source: Spalding County
Proposed site for Forsyth Technology Campus in Georgia
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Rendering of Nexus Data Centers' campus in Hubbard, TX
Posted in Nexus: Hubbard, Texas Source: Nexus Data Centers
Rendering of Geronimo Power's Data Center in Nobles County
Posted in Geronimo Power: Nobles County, MN Source: Geronimo Power

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