GDS @ Bloomfield College | With that kind of ability, you could propose any of thousands
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With that kind of ability, you could propose any of thousands

06 Aug With that kind of ability, you could propose any of thousands

In particular, we expect that Mitsubishi’s global brand recognition and local enterprise expertise will meaningfully improve our ability to penetrate local demand.”Digital also closed on the acquisition of a data center in Chicago from a private REIT during Q4 17 for $315 million. This value add play offers a healthy going in yield along with shell capacity that gives Digital an opportunity to boost the unlevered return up into the high single digits.This investment also represents an expansion in a core market and is occupied by existing Digital Realty customers with whom the company has been independently working to meet their expansion requirements in Chicago.Separately, Digital closed on the sale of two non core assets at a 7.1% cap rate generating a little over $70 million in net proceeds. The company recognized gains of approximately $27 million during Q4 17.Since year end, Digital has sold two more non core assets generating net proceeds of a little less than $90 million and is expected to recognize gains of approximately $25 million during the first quarter..

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