Will Blackstone, BlackRock, and KKR Keep Betting on Data Center REITs?
Will Blackstone, BlackRock, and KKR Keep Betting on Data Center REITs? Overall Key Points Institutional conviction in data centers remains strong, but investors are becoming much more selective. Blackstone, BlackRock, and KKR continue to commit major capital to AI and digital infrastructure. Power availability, contracted customers, financing structure, and execution risk now matter more than simply owning a data center. The strongest data center REITs may benefit from this shift, while speculative projects could face a much tougher capital market. The latest headlines around AI infrastructure are no longer uniformly bullish. Financing costs are rising, lenders are demanding stronger protections, power constraints are delaying projects, and investors are asking harder questions about whether every proposed AI campus can actually produce attractive returns. That sounds ominous for data center real estate. But the actions of Blackstone, BlackRock, and KKR suggest so...