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.