Digital Core REIT asset, 8217 Linton Hall Road (VA4), Northern Virginia. (Digital Core REIT)Digital Core REIT asset, 8217 Linton Hall Road (VA4), Northern Virginia. (Digital Core REIT)

Digital Core REIT has priced the units that it will be issuing under a private placement exercise at the top end of an indicated range.

The REIT first disclosed on 7 February that it was seeking to raise at least USD100 million via a private placement exercise.

Approximately 75% of the proceeds will be deployed towards funding future acquisitions, including increasing stakes in its Frankfurt and acquiring a stake in a Japanese data centre, said the REIT then.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.