---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-019629"
form_type: "8-K"
ticker: "DLR"
cik: "0001297996"
company_name: "DIGITAL REALTY TRUST, INC."
filed_at: "2023-12-07T23:59:59+00:00"
generated_at: "2026-06-07T16:02:27.012014+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Blackstone invests $700M for 80% stake in Digital Realty JV for 500MW data centers

## Summary
- Blackstone initial capital ~$700M for 80% ownership; Digital Realty retains 20% and manages development.
- Four hyperscale campuses in Frankfurt, Paris, and Northern Virginia; total estimated cost ~$7B.
- 10 data centers with 500 MW potential IT load; 46 MW under construction, 33% pre-leased.
- JV expected to close in first half 2024 in two stages, subject to regulatory approvals.
- Blackstone gets right of first offer for additional Northern Virginia development and rights in Paris/Frankfurt.

## SEC filing metadata
- accession: 0001558370-23-019629
- form_type: 8-K
- ticker: DLR
- cik: 0001297996
- company_name: DIGITAL REALTY TRUST, INC.
- filed_at: 2023-12-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1297996/000155837023019629/0001558370-23-019629-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1297996/000155837023019629/dlr-20231207x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-019629
- JSON: https://secwatch.observer/filing/0001558370-23-019629.json
- Plain text: https://secwatch.observer/filing/0001558370-23-019629.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.