National Real Estate Advisors’ Data Center Assets Under Management Surpass $1.1 Billion

Washington, D.C. (April 19, 2023) –National Real Estate Advisors, LLC (“National”) and its operating partner, Sabey Corporation, announce an additional $50 million investment in Sabey Data Center Properties, LLC (SDCP) from funds discretionally managed by National.

National, acting as the investment manager, through its National Data Center Fund, an open-end real estate investment fund designed to complement the portfolios of institutional investors seeking concentrated exposure to data centers and affiliate co-investment vehicles, has over $1.1 billion invested in SDCP.

“We are excited to announce this new investment in SDCP and begin deploying this capital with Sabey Corporation in the construction of new buildings on our existing and proposed data center campuses,” said Jeffrey Kanne, President & CEO of National Real Estate Advisors. “This investment aligns with our commitment to providing institutional investors with access to high-quality, high-performing real estate assets. The data center sector has shown remarkable growth in recent years, and we are confident that SDCP’s experienced management team and premier facilities will continue to thrive in this dynamic market.”

SDCP is a highly regarded privately held data center company featuring 19 buildings across six operating campuses and has a fortress balance sheet reinforced by an A+ credit rating from Standard and Poor’s.¹ Funds from this closing will be used to capitalize on robust tenant demand for data center space by growing SDCP ’s portfolio.

“We are pleased to partner with National to continue expanding our nationwide data center footprint,” said Dave Sabey, Chairman & President, Sabey Corporation. “Demand for sustainable digital capacity will continue to increase and, through our strategic partners, we are poised to meet that demand.”

For more information about National’s investment strategy, visit www.natadvisors.com.

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ABOUT NATIONAL REAL ESTATE ADVISORS, LLC

National Real Estate Advisors, LLC (National) is an investment manager developing, operating, and managing commercial real estate projects across the United States. National is focused on environmental sustainability, social responsibility, and strong governance practices which seek to create value for investors and benefit local communities. Founded in 2000, the firm constructs investment portfolios of diverse property assets—apartment, office, mixed-use, medical/healthcare, industrial (including data centers), and hospitality.

National is an independently operated subsidiary of the National Electrical Benefit Fund (“NEBF”), a pension trust with assets that are managed by National on a discretionary basis. For more information, please visit www.natadvisors.com.

ABOUT SABEY CORPORATION

Sabey Corporation is a fifty-year old privately held Seattle-based real estate development company specializing in mission critical and other technical space and the parent of Sabey Data Center Properties.

SABEY DATA CENTER PROPERTIES

With a portfolio of more than three million square feet of mission critical space, and control of approximately 300 MWs,  SDCP is one of the largest privately-owned multi-tenant data center owner/developer/operators in the United States. SDCP specializes in scalable, custom-built solutions including data center ready shell space and fully turnkey data centers managed by SDCP’s award-winning critical environment staff. Consistently recognized for low-cost hydroelectric power, operational excellence through its world-class data centers and sustained uptime, SDCP is proud to provide data center services to many of the world’s top financial, technology and healthcare companies.

1. Rating reflects Sabey Data Center Issuer LLC’s series 2020-1,2020-2, 2021-1,2022-1 and 2023-1 class A-1 data center revenue notes, a securitization of real estate and tenant lease payments for space and electrical capacity in Sabey Data Center Properties LLC’s (SDCP; the manager) six hyperscale data center campuses located across three states: Washington, Virginia, and New York. The data centers consist of both turnkey and powered shell facilities.