Ares Secondaries funds made a minority equity investment in Sabey Data Center Properties, a major privately held U.S. da
Sabey Corporation and National Real Estate Advisors announced on July 8, 2026 that Ares Secondaries funds have acquired a minority equity stake in Sabey Data Center Properties, LLC, an owner, developer, and operator of data centers across the United States. SDCP is a fully integrated platform jointly owned and governed by Sabey and National, with National acting as the discretionary investment manager on behalf of institutional clients.
The platform currently operates six energized campuses totaling approximately 251 megawatts of capacity, with the opportunity to triple that output by 2036 using existing land holdings. The transaction expands the ownership base by adding institutional capital with capacity for future expansion to support SDCP's targeted growth. The investment reflects strong current demand for scaled data center infrastructure driven by cloud computing, artificial intelligence, and enterprise workloads.
Tim Mirick, President of SDCP, stated that welcoming Ares as an investor is a strong endorsement of SDCP's platform and team, and that with Sabey, National, and Ares aligned behind the business, they are well positioned to execute their disciplined growth plan and deliver mission-critical capacity to customers. Jeffrey Kanne, President and CEO of National Real Estate Advisors, noted that Sabey and National have built a longstanding partnership around this platform and are pleased to welcome Ares as a continued partner supporting their disciplined growth approach.
Jamie Sunday, Co-head of Real Estate Secondaries at Ares, said the investment reflects their conviction in the sector and the strength of their Secondaries platform. He highlighted that through this investment they gain access to a quality existing operating portfolio leased to predominantly investment-grade tenants, including large enterprises and hyperscalers, along with a sizeable land bank to support continued growth.
Evercore and Citizens Capital Markets & Advisory, a subsidiary of Citizens Financial Group, served as financial advisors to SDCP on the transaction. The transaction underscores SDCP's position as one of the leading privately held data center platforms in the United States. With Ares' investment, SDCP is well positioned to accelerate development across existing campuses and pursue new opportunities in key data center markets.
SDCP operates a portfolio of more than four million square feet of mission-critical space and is one of the largest privately owned multi-tenant data center owners, developers, and operators in the United States. Sabey specializes in scalable, custom-built data center solutions recognized for their efficiency, low total cost of ownership, operational maturity, and sustained uptime, providing services to many of the world's top financial, technology, and healthcare companies.