Cloud Capital, Realty Income, and a global institutional investor launched a new Core Joint Venture Strategy seeded with
Cloud Capital, a leading global data center investment management firm, announced the launch of Cloud Capital's Core Joint Venture Strategy in partnership with Realty Income and a Global Institutional Investor. The programmatic joint venture is seeded with three initial investments valued at over $6 billion and focuses on stabilized hyperscale assets leased to investment-grade tenants on long duration, triple-net leases in the United States, with expansion plans into Europe.
The strategy leverages Cloud Capital's vertically integrated platform to deliver scalable core exposure in tier one, high barriers to entry geographies. Cloud Capital's Founder and CEO, Hossein Fateh, commented that drawing on more than 30 years of investing in and leasing some of the world's largest data centers through multiple cycles, the importance of acquiring high-quality assets and maintaining long-term tenant relationships positions partners to benefit from exposure to highly strategic data centers underpinned by accelerating demand for cloud and AI applications.
Shariar Mohajer, Cloud Capital's President and Chief Investment Officer, stated that as the digital infrastructure market continues to mature, specialized sector expertise and proprietary sourcing are increasingly critical. The firm's dedicated platform, industry relationships, and vertically integrated capabilities enable access to differentiated investment opportunities and portfolios with resilient cash flow and long-term value creation.
The launch builds on Cloud Capital's established track record across the data center lifecycle, including its existing Core-Plus Open-End Strategy, Opportunistic Closed-End Strategy, and newly launched Value-Add Closed-End Strategy. Since 2020, Cloud Capital has acquired a portfolio of 30 data center assets worldwide valued at over $12 billion.
Sumit Roy, President and Chief Executive Officer of Realty Income, affirmed that the announcement demonstrates the strength of their business model and its ability to translate across sectors. The firm expressed satisfaction in advancing a scaled digital infrastructure platform while deepening the programmatic relationship with Cloud Capital, which is vertically integrated with CloudHQ, a developer and operator of data centers. Roy noted that the combination of high-quality data center assets leased to investment-grade tenants, long-duration triple-net leases, and an attractive return profile reflects their disciplined approach to capital allocation.
Goldman Sachs & Co. LLC served as financial advisor and Jones Day as legal counsel to Cloud Capital. Moelis & Company LLC served as financial advisor and Latham & Watkins LLP as legal counsel to Realty Income.
Realty Income, an S&P 500 company founded in 1969, operates as a real estate capital provider with a portfolio of over 15,500 properties across all 50 U.S. states, the United Kingdom, and eight other European countries as of March 31, 2026. The company is known as "The Monthly Dividend Company" and has declared 672 consecutive monthly dividends while increasing its dividend for over 31 consecutive years, making it a member of the S&P 500 Dividend Aristocrats index.