{"id":1004800815,"date":"2026-06-03T03:30:07","date_gmt":"2026-06-03T11:30:07","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004800815"},"modified":"2026-06-03T03:55:39","modified_gmt":"2026-06-03T11:55:39","slug":"reitweek-special-report-the-allure-of-data-centers-health-care","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/reitweek-special-report-the-allure-of-data-centers-health-care\/","title":{"rendered":"REITWeek Special Report: The Allure of Data Centers, Health Care"},"content":{"rendered":"
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Blackstone Digital Infrastructure Trust Executive Vice President of Strategy Andrew Winchell and President & CEO Nick Pell. Photo by Therese Fitzgerald<\/em>
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During NAREIT\u2019s REIT Week conference, REIT executives get 30 minutes to tell their companies’ stories to investors, analysts and others. Yesterday, on the first of two days of presentations, the most well-attended presentation was delivered by a company that doesn\u2019t own any assets yet.<\/p>\n\n\n\n

Blackstone Digital Infrastructure Trust is a blind trust REIT that went public last month with a $1.7 billion IPO. The newly minted externally-managed company plans to use all the tools in Blackstone\u2019s toolkit to buy and hold recently stabilized data centers<\/a> leased to investment-grade hyperscalers in top-tier markets.<\/p>\n\n\n\n

BXDC CEO & President Nick Pell, who previously served as the president & CEO of Link Logistics, said the company\u2019s current \u201cbuy box\u201d is $100 billion, but the total addressable market is expected to be over a $1 trillion by 2030.<\/p>\n\n\n\n

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READ ALSO:<\/strong> How Significant Is the Backlash Against Data Centers?<\/a><\/p>\n\n\n\n

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\u201cWe think the runway for growth for this company is massive,\u201d Pell said.<\/p>\n\n\n\n

BXDC may be compared to net lease REITs<\/a>, Pell said, but it is \u201cmore like a data center REIT that happens to be net lease\u201d because the fixed escalations in the data center leases are better than a lot of net leases.<\/p>\n\n\n\n

CFO Tony Marone said Blackstone chose the blind trust structure for \u201cspeed to market.\u201d It chose public execution because the long-term horizon of the assets was a mismatch for public equity vehicles, the scale of these investments would need deep access to capital and the public markets are enthusiastic about AI and data centers. Also, Blackstone thought REIT investors would like the low-risk profile of the targeted investments.<\/p>\n\n\n\n

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CPE Capital Markets Newsletter<\/h2>\n\n\n\n

Executive Editor Therese Fitzgerald delivers the capital markets intel that moves the needle.<\/p>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n

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