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Equinix closes $800M purchase of Infomart Dallas

Published 04/03/2018, 12:13 PM
© Reuters.  Equinix closes $800M purchase of Infomart Dallas
EQIX
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  • Equinix (NASDAQ:EQIX) has closed its $800M acquisition of Infomart Dallas.
  • The company's acquired the Infomart facility from ASB Real Estate Investments.
  • It attains about 1.6M gross square feet of space with multiple diverse fiber entry points and more than 50 tenants.
  • The building generated about $50M in revenues last year. Equinix expects the deal to be break-even in adjusted funds from operations terms in a year, with sizable AFFO upside from developing a land parcel adjacent to the building.
  • Now read: So, Why Not Just Buy VNQ And Be Done With It?


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