The joint venture has purchased 60 acres to construct a new data center campus
UMATILLA, OREGON – National Real Estate Advisors, LLC (National) announces the expansion of its data center investment in Sabey Data Center Properties, LLC (SDCP) with a new 100+ MW, 60-acre state-of-the-art data center campus in Umatilla, Oregon. SDCP is a joint venture between Sabey Corporation and National, acting as the investment manager on behalf of its institutional clients.
Sabey Data Centers Umatilla will feature SDCP’s award-winning, hyper-efficient data center designs that are purpose-built to support today’s dense hyperscale and enterprise deployments. The 700,000-square-foot data center campus will support 100+ MW of critical IT load. As of 2020, Oregon reported a 40% renewable utility power fuel mix with a target to hit 100% by 2040. SDCP will procure/invest in carbon-free energy in time to meet the Company’s net-zero target by 2029 in Umatilla and across the SDC portfolio, 11 years ahead of Oregon’s target.
“SDCP continues its commitment to build cutting-edge, super-efficient data centers in markets like Umatilla that move us toward our goal to operate with net-zero carbon emission by 2029. Our data centers combine that level of sustainability with low Total Cost of Ownership (TCO) throughout the data center lifecycle, reliability, and connectivity,” says Rob Rockwood, President of Sabey Data Centers. “And as we have in every one of our markets, we will run our campuses with men and women from the local community who share our vision to build opportunity along with the world’s best data centers.”
“This new market expansion reinforces the continued demand for digital capacity and is an exciting time for the SDCP organization,” said Jeffrey Kanne, President and CEO of National Real Estate Advisors and Vice Chairman of Sabey Data Centers. “We look forward to deploying additional capital to support SDCP’s efforts in Umatilla.”
The campus will offer multiple diverse connectivity solutions, provide low latency to West Coast metro areas, and enjoy proximity to West Coast subsea cables. Construction of the data center campus will generate jobs in the local rural community, with ongoing career opportunities available on the campus.
“We are excited to welcome SDCP into our community,” says Dave Stockdale, City Manager of Umatilla, “and delighted to support this endeavor in Umatilla based on their track record of providing advanced data center services through a highly sustainable operations model. SDCP’s commitment to support some of our major projects is a testimony to their reputation as an integrated community partner, and we look forward to having our uniquely qualified local workforce join their team of professionals.”
SDCP expects to begin development in Umatilla, OR in 2024. To learn more about Sabey’s Umatilla data center campus, visit sabeydatacenters.com/umatilla.
For more information about National’s investment strategy, visit www.natadvisors.com/data-center/
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About Sabey Data Centers:
With a portfolio of more than four million square feet of mission-critical space, Sabey Data Centers is one of the largest privately-owned multi-tenant data center owners/developers/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. Sabey provides sustainable data center services to many of the world’s top financial, technology and healthcare companies. The company is a joint venture between Sabey Corporation and National Real Estate Advisors, LLC, acting as the investment manager on behalf of its institutional clients.
About National Real Estate Advisors:
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.
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