NEW YORK and OVERLAND PARK, Kan., Aug. 31, 2021 /PRNewswire/ -- Blackstone
(NYSE: BX) and QTS Realty Trust (NYSE: QTS) today announced that
affiliates of Blackstone Infrastructure Partners, Blackstone Real
Estate Income Trust, Inc., and Blackstone Property Partners have
completed their previously announced acquisition of QTS Realty
Trust for approximately $10 billion,
including debt. QTS' common stock, Series A preferred stock and
Series B preferred stock will no longer be listed on any public
market.
Greg Blank and Tyler Henritze, Senior Managing Directors at
Blackstone, said, "We are thrilled to complete this transaction and
are excited about the future of QTS. QTS aligns with one of
Blackstone's highest conviction themes – data proliferation – and
the required investment makes it well suited as a long-term holding
for our perpetual capital vehicles. We look forward to working with
QTS and its world-class management team to further scale the
business to meet the rising demand for data centers."
"Completing this transaction with Blackstone marks an exciting
new chapter for QTS," said Chad
Williams, CEO of QTS. "Our Powered by People approach will
continue to be the foundation for how we serve our customers, local
communities and each other, enabling QTS to continue setting a new
standard for innovation and service delivery in the data center
industry."
Jefferies LLC and Morgan Stanley & Co. LLC acted as
financial advisors to QTS, and Hogan Lovells US LLP and Paul,
Weiss, Rifkind, Wharton & Garrison LLP acted as legal counsel
to QTS. Citigroup Global Markets Inc., Barclays, Deutsche Bank
Securities Inc., Goldman Sachs & Co. LLC and J.P. Morgan
Securities LLC acted as financial advisors to Blackstone, and
Simpson Thacher & Bartlett LLP acted as its legal counsel.
About QTS
QTS Realty Trust is a leading provider of
data center solutions across a diverse footprint spanning more than
7 million square feet of owned mega scale data center space within
North America and Europe. Through its software-defined
technology platform, QTS is able to deliver secure, compliant
infrastructure solutions, robust connectivity and premium customer
service to leading hyperscale technology companies, enterprises,
and government entities. Visit QTS at www.qtsdatacenters.com, call
toll-free 877.QTS.DATA or follow on Twitter @DataCenters_QTS.
About Blackstone
Blackstone is the world's largest alternative asset manager. We
seek to create positive economic impact and long-term value for our
investors, the companies we invest in, and the communities in which
we work. We do this by using extraordinary people and flexible
capital to help companies solve problems. Our $684 billion in assets under management include
investment vehicles focused on private equity, real estate, public
debt and equity, life sciences, growth equity, opportunistic,
non-investment grade credit, real assets and secondary funds, all
on a global basis. Further information is available at
www.blackstone.com. Follow Blackstone on Twitter @Blackstone.
QTS Media Contact:
Carter B. Cromley
(703) 861-8245
carter.cromley@qtsdatacenters.com
Blackstone Media Contacts:
Paula Chirhart
(347) 463-5453
Paula.Chirhart@blackstone.com
or
Jeffrey Kauth
(212) 583-5395
Jeffrey.Kauth@Blackstone.com
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SOURCE QTS Realty Trust, Inc.