News and Press

Sabey Corporation and National Real Estate Advisors, LLC Close $50M Capital Investment from Wells Fargo

July 28, 2021

The investment is part of $320 million raised with Sabey Data Center Properties in 2021

Washington, D.C. Sabey Corporation and National Real Estate Advisors, LLC (National), announce the closing of a new $50 million investment by Wells Fargo Real Estate Capital Investments, LLC. Wells Fargo has invested through National, which is acting as the investment manager, and this $50 million investment is part of $320 million in capital raised by National in 2021, supporting the growth of Sabey Data Center Properties LLC (SDCP).

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

“Wells Fargo is excited for this unique opportunity to invest with National and Sabey, two highly-valued and long-tenured Commercial Real Estate clients”, said Sean Barlas, Head of Real Estate Merchant Banking at Wells Fargo.  “SDCP built an attractive portfolio of high quality assets in top markets which provide both stability and growth.”

“Sabey is a leading data center operator and developer with a proven track record,” said Renee Logan, Managing Director, Real Estate Banking at Wells Fargo. “We’re excited to expand our 20-plus year relationships with both Sabey and National with an investment in an attractive asset class that will help enable SDCP’s future success.”

SDCP is one of the largest and greenest privately held data center owner/developer/operators in the United States, as well as the sole data center ABS master trust platform with an S&P A+ credit rating.

“This transaction signifies a further strengthening of the already strong relationships enjoyed by Wells Fargo, SDCP and National,” said Jeffrey Kanne, President and CEO of National. “As the nation reopens post-pandemic, there is unstoppable momentum towards economic and social digitization, creating tremendous demand for secure and reliable data storage. We are very pleased to welcome Wells Fargo into this very exciting sector.”

“We’re thrilled to deepen our relationship with National in new and exciting ways with this equity investment in the data center space,” said Bill Jordan, Managing Director, Real Estate Banking at Wells Fargo.  “Above all else, we relish the opportunity to invest alongside Sabey and National, as they are high-quality organizations with a proven track record of success in digital infrastructure investments.”

For more information about National’s investment strategy, visit





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. 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.


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