Mar 25, 2026 | Posted by Abdul-Rahman Oladimeji
Singapore-based real estate firm RealVantage is entering digital infrastructure, investing $7 million in a 21MW data center in Minneapolis, Minnesota.
The data center was acquired earlier this year by US firm Cloud Capital and Bahrain’s Arcapita, who plan to expand the site to 31MW.
“The acquisition reflects our conviction in the structural tailwinds driving demand for data centers. It demonstrates our commitment to bringing the structural institutional-grade investment opportunities we seek to deliver for our platform members across global markets,” said Keith Ong, co-founder and group CEO of RealVantage.
RealVantage, a Singapore-based real estate co-investment platform, allows investors to co-invest in a diversified range of investment-grade properties.
The Minnesota data center at 1001 3rd Ave S was previously owned by Legacy Investing and occupied by T5. An AI cloud firm is set to take over the building.
Established in 2020 as the investment management arm of data center operator CloudHQ, Cloud Capital specializes in acquiring, managing, and operating high-quality data centers.
Founded in 1997, Arcapita is a global alternative investment firm focused on private equity and real estate, with total transactions exceeding $32 billion. The firm offers Shari’ah-compliant investments across the Gulf and Asia, spanning industrial and logistics real estate, senior living, legal services, and payment solutions.
