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Blackstone Agrees To Buy Data Center Owner QTS in $10 Billion Deal

Overland Park, Kansas-Based REIT Has 40 Days To Shop for Higher Offer
The transaction is expected to close in the second half of 2021. (CoStar)
The transaction is expected to close in the second half of 2021. (CoStar)

Private equity giant Blackstone Group is bidding to acquire QTS Realty Trust, a provider of data centers in North America and Europe, in a deal valued at about $10 billion as internet use and investment in digital networks have increased in the pandemic.

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