In today’s world, instantaneous global data transfer is dictating change in most business models. National, the successor of NEBF Investments, knows that with changes come ample opportunities. National recognized the important role that commercial real estate has to play in this change, and reacted by making an initial $100 million equity commitment in the country's largest privately-held data center company, headquartered in Seattle, Washington.
Sabey Data Center Properties LLC's reliance on the sustainable, hydroelectric power resources of the Pacific Northwest, provides their clients a "green," long-term energy solution, at a time when fossil-fired energy prices are continuing to escalate and there is potential for government mandated "cap-and-trade" provisions. In conjunction with a plethora of interconnectivity options common to these data center facilities, Sabey Data Center’s tenants benefit from a lower operating budget, in an environment where electricity costs can represent in excess of 50% their bottom-line.
Since National’s funding contribution, the Sabey Data Center Properties LLC has expanded into a national platform, with locations in Lower Manhattan, Ashburn Virginia, Seattle and Eastern Washington. As a result, Sabey’s tenants, such as the New York Genome Center, have secured data center space in several locations across the portfolio.
Unlike most other commercial real estate segments today, the data center sector is generally characterized by demand exceeding supply, and it is in this environment that the partners plan to leverage their collective expertise to adroitly expand the existing investment to capture this demand.
- 6 campuses and 22 buildings
- 1.6M SF of exisiting space
- 638,000 SF under construction
- 2.15M SF of future development
- Sabey Corporation
- Equity capital
- Acquisition financing