Le Lézard
Classified in: Science and technology, Business
Subject: RLE

Aphorio Carter Purchases $55 Million Data Center

BRYAN, Texas, Feb. 22, 2023 /PRNewswire/ -- Aphorio Carter Fund Management Company, LLC ("Aphorio Carter"), the critical infrastructure and data center division of Carter Funds, announced today that it has acquired the Fibertown Data Center in Bryan, Texas for $55 million. Fibertown Data Center is 100% net leased to Fibertown, a premier provider of data center solutions, high availability colocation, and business continuity office space throughout Texas. The acquisition marks the third data center purchase for Aphorio Carter, an investment management company focused on acquiring high-growth digital and mission-critical infrastructure, data centers, switch sites and technology-related real estate throughout the U.S.

Fibertown Data Center is well-positioned in the College Station area of southeastern Texas which boasts limited competition, a favorable climate, and a centralized location with accessibility to serve major Texas markets, including Houston, San Antonio, Austin and Dallas. Fibertown Data Center currently houses mission-critical systems and disaster recovery operations for Fortune 500 companies and organizations along the Gulf Coast.

The Fibertown Data Center site includes two data center buildings and one office building totaling 69,788 square feet on .57 acres. Having recently executed a 20-year net lease on the property, Fibertown invested over $30 million into a renovation of the property in 2008 and has invested between $250,000-$500,000 in the property annually since 2005.

"The Fibertown Data Center is an extremely well-maintained asset in an ideal location of Texas providing businesses in the Gulf Coast a carrier neutral, one-stop solution for best-in-class technology and amenities to support their business continuity needs. The incredible demand for technology, digital storage, data transmission, and added capacity at data centers that support our digital-driven world continues to grow rapidly and we are excited about the opportunity and value this data center brings to our portfolio," said John Regan, chief investment officer of Aphorio Carter.

About Aphorio Carter

Aphorio Carter is a Carter Funds company investing in high quality income-producing mission-critical infrastructure, data centers, switch sites and high-growth technology related real estate. Led by an experienced team that has acquired more than 125 data centers across the world, Aphorio Carter specializes in sourcing and managing accretive digital infrastructure real estate and implements systematic support services aimed to add long-term value on behalf of the investment funds the company manages. Together, the principals of Aphorio Carter have a century of real estate and transaction experience in the digital infrastructure space totaling an excess of $5.3 billion in value. Aphorio Carter targets acquisitions that are net-leased to creditworthy tenants and include wholesale, enterprise, colocation, edge, switch, and cloud data center properties ? the critical real estate that powers the digital age.

Media Contact:
Stacy Sheedy
Vice President, Marketing, Carter Funds
[email protected]


SOURCE Carter Funds

These press releases may also interest you

at 08:07
On February 29, in Kyiv and Washington, a landmark conference on veteran policy in Ukraine convened, marking a pivotal collaboration between Ukrainian and American experts. Together, they embarked on crafting an Action Plan and Analytical Report,...

at 08:00
Euro Sun Mining Inc., ("Euro Sun" or the "Company") is pleased to announce that, through its wholly owned Romanian subsidiary SAMAX Romania S.R.L. ("SAMAX"), it has successfully concluded meetings with the Romanian Ministry of Economy (December...

at 08:00
Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") announces the filing of its financial results for the quarter ended December 31, 2023....

at 08:00
Quantum Metric, the customer-driven digital analytics platform, is thrilled to unveil the recipients of the 2024 CPD Signal Awards. The annual awards program honors the efforts of Quantum Metric customers in leveraging CPD, a customer-focused...

at 08:00
Ashford Inc. ("Ashford" or the "Company") today announced that the NYSE American LLC (the "NYSE American") has accepted the Company's plan of compliance for continued listing on the exchange. As previously reported, on December 20, 2023, the...

at 08:00
Needle, the communications agency that makes a point, announced its launch today. We're maximizing our clients' relevance and reputation at a time when attention is hard to capture. That's why our guiding principle is 'make a point' ? we get to the...

News published on and distributed by: