PR Newswire
Summary
Related Companies, the global real estate company and most prominent privately-owned real estate firm in the United States, today announced the formal launch and capitalization of Related Digital, a vertically integrated data center development and investment platform. With a near-term $45 billion development pipeline, Related Digital will deliver digital infrastructure solutions for artificial intelligence (AI) and cloud hyperscale technology companies.
"Digital infrastructure is one of the most remarkable growth categories and asset classes that I have seen in my more than 35 years in real estate development, driven by the unprecedented demand for data centers with reliable access to significant energy sources," said Jeff T. Blau, CEO of Related Companies. "As one of the only data center developers in the market with nationwide capabilities across development, complex infrastructure construction, expert supply chain procurement and clean power generation through our strategic partnership with energyRe, Related Digital is uniquely positioned to partner with major technology companies to execute on this massive opportunity."
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