“We are pleased that our Linton Hall facility was well-positioned to meet the needs of this strategically important customer,” said John Stewart, CEO of Digital Core REIT’s manager.
On Jan 5, Digital Core REIT announced it has reached a 10-year agreement with an investment grade global cloud service provider to occupy the entire facility at 8217 Linton Hall Road in Virginia. The agreement will commence on 1 December 2026 and is expected to generate approximately US$14.8 million of annualised net property income, or approximately US$13.3 million at Digital Core REIT’s 90% share, representing roughly a 35% increase relative to the previous net rent. In 1H2025, DC REIT's NPI was US$46.3 million.
Upon commencement, the Linton Hall facility will return to full occupancy and overall portfolio occupancy will improve from 81% to 98%. The annualised rent contribution from investment-grade customers will increase from 79% to 82% and the total portfolio weighted average lease expiration will be extended from 4.7 years to 5.7 years.
