Blue Owl Digital Infrastructure Trust Acquires Gainesville Data Center for ~$860M

What Happened

• Blue Owl Digital Infrastructure Trust announced it completed the acquisition of Gainesville Crossing Data Center Building 1 on June 23, 2026. The purchase consideration was approximately $860.6 million (total consideration ~$863.0M after transaction costs). The 72‑megawatt single‑tenant data center in Gainesville, Virginia is 100% leased to a hyperscale customer.
• The company filed audited Rule 3‑14 financial statements for the property (KPMG LLP issued an unmodified opinion) and submitted unaudited pro forma combined financial information showing the impact of the acquisition and related financing on Blue Owl’s balance sheet and results.

Key Details

• Purchase price / consideration: ~$860.6M cash consideration; total purchase-price allocation net $863,048k.
• Financing: new CMBS facility ~$559.0M, draws of ~$52.0M on secured variable funding notes and ~$150.0M on the company’s revolving credit facility, with remaining amount from cash on hand.
• Property historical revenues: rental revenue $92.0M for year ended 12/31/2025; $26.792M for Q1 2026. Pro forma combined Q1 2026 total revenues (after adjustments) shown as $111.34M.
• Pro forma balance sheet (as of 3/31/2026): total assets $5.355B; investments in real estate (net) increased by ~$1.151B. Pro forma secured borrowings increased to ~$2.537B (including assumed/new financing).
• Pro forma results: pro forma net loss attributable to shareholders for Q1 2026 shown as $(42.97M); for period from inception through 12/31/2025 pro forma net loss $(44.24M). Pro forma interest and depreciation increased expenses (pro forma Q1 interest add ~$9.9M; pro forma Q1 additional depreciation/amortization ~$10.9M).

Why It Matters

• This is a material property acquisition: it meaningfully increases Blue Owl’s real‑estate investment base and recurring rental revenue (a fully leased hyperscale data center), but it also adds substantial debt and pro forma interest and depreciation expense.
• The pro forma financials show the acquisition will increase operating scale but also increase reported losses in the short term due to financing costs and asset amortization. Investors should note these are pro forma estimates and include transaction accounting adjustments; actual future results may differ.
• The filing includes audited, SEC‑Rule 3‑14 financials for the acquired property (KPMG issued a clean opinion with an emphasis that the statements were prepared for SEC purposes), giving investors audited historical revenue/expense details for the asset.