Mar 13, 2026 | Posted by Abdul-Rahman Oladimeji
US real estate company Comstock has launched a dedicated data center unit and partnered on two development projects. The Nasdaq-listed firm announced the creation of its Data Center Platform (DCP) and said it has entered into two separate partnerships to pursue large-scale data center campuses in Oklahoma and the Mid-Atlantic region.
“We are pleased to announce Comstock's entry into the high-growth data center market and participation in one of the real estate industry's most exciting and rewarding sectors," said Christopher Clemente, Comstock CEO. "The rapid growth of AI has caused data centers to be among the world's most coveted assets, driven by a lack of supply and unprecedented demand.
"In combining our vast experience with securing entitlements and designing, developing, and operating large-scale developments with the land rights and other critical resources of our strategic partners, both ventures represent low-risk opportunities to generate new, and potentially significant, revenue streams in the years ahead."
In Oklahoma, Comstock is partnering with Canadian energy firm Jericho Energy Ventures. The joint venture will focus on assembling a portfolio of developable land from approximately 18,000 acres of Jericho's subsurface land and energy assets with surface land interests, and utilizing the land’s access to natural gas resources.
As part of the deal, Comstock made a $1.5 million initial investment in Jericho through a non-brokered private placement in return for a seven percent share in Jericho. Jericho announced the partnership last week.
In the Mid-Atlantic, Comstock has signed an amended asset management agreement with an affiliate of Comstock Partners LC (CP), a private entity controlled by CEO Christopher Clemente and his family, to provide site development services for data center parcels. The land is reportedly being acquired by an unnamed leading data center campus developer, with Comstock supporting CP as the site moves through the entitlement process.
