Kimberly L. McGrath, P.C.

Recent Data Center Transactions

• Represented Related Digital, a vertically integrated data center development and investment platform, in its lease supporting the development of a $16 billion hyperscale data center in Michigan.
• Represented Related Digital in a $14 billion private offering financing, representing the largest historical investment in Michigan and second-largest data center financing executed in the Rule 144A market, related to a data center development.
• Represented Tract Capital Management, LP and Fleet Data Centers in a transaction supporting the development partners’ first-ever data center projects in Nevada consisting of two premier turnkey facilities with planned aggregate capacity of up to 400 MW. The transaction included the execution of purchase and sale agreements for the disposition of the development land and entry into long-term leases with a confidential investment-grade entity. The signing established ownership, governance, funding and operational rights for the projects, with a total transaction value of approximately $3.16 billion.
• Represented GIP and KKR-backed CyrusOne in connection with its acquisition of powered land adjacent to and served by 380 MW of behind-the-meter power from Freestone Energy Center in Freestone County, Texas from subsidiaries of Constellation (Nasdaq: CEG).
• Represented a major data center project sponsor in its $500 million secured bridge facility in connection with its development of a large data center project expected to deliver more than 1 GW of compute capacity.
• Represented an investor consortium comprised of AI Infrastructure Partnership, MGX and BlackRock’s Global Infrastructure Partners in its $40 billion acquisition of Aligned Data Centers, a provider of data center solutions, from Macquarie Asset Management.
• Represented Blue Owl in $15 billion joint venture with Crusoe Energy Systems for the development of a 1.2 GW AI data center campus comprised of eight buildings and a total of 32 data halls, located in Abilene, Texas, and long-term leased to a Fortune 100 hyperscaler tenant, together with construction loan financing totaling $9.4 billion of proceeds.
• Represented CoreWeave (Nasdaq: CRWV) in its proposed $9 billion acquisition of Core Scientific (Nasdaq: CORZ), a provider of data center infrastructure.
• Represented Blue Owl in $1.2 billion joint venture with a hyperscaler for the development of a data center campus with expected capacity up to 42 MW, located in New Jersey. The data center is long-term leased to a hyperscaler.
• Represented confidential funds and global infrastructure investment firm in a $755 million fixed rate, CMBS mortgage loan for three data center properties located in Northern Virginia.
• Represented Blue Owl in a $610 million construction loan for development of a 50 MW AI/HPC data center located in Northern Virginia, leased to CoreWeave Inc.
• Represented CyrusOne in $687 million CMBS loan for a data center located in Texas.
• Represented CyrusOne on a $7.9 billion U.S. warehouse facility and $1.8 billion revolving credit facility, bringing the total debt capital raised to approximately $9.7 billion.
• Represented the acquiring consortium and KKR in the $15 billion all-cash acquisition of CyrusOne Inc. (Nasdaq: CONE).
• Represented Ares Management, through an Ares Real Estate fund, on the acquisition of two 2025-vintage hyperscale data centers in Leesburg, Virginia.
• Represented Ares Digital Infrastructure, through an Ares fund, on the acquisition of a 314-acre data center development site along the I-95 South corridor in Spotsylvania County, Northern Virginia.

Recent Real Estate Transactions

• Represented CyrusOne on a $1.05 billion single-asset, single-borrower CMBS loan secured by one of the company’s data center properties in Texas.
• Represented CyrusOne on a $4.2 billion real estate financing arranged by Goldman Sachs Bank USA and secured by a portfolio of seven data center properties located throughout the U.S.
• Represented Brookfield on securing a $1.88 billion refinancing for the Atlantis hotel resort and casino located in the Bahamas.
• Represented Bridge Industrial in a $430 million CMBS refinancing of two warehouse and distribution facilities in Rancho Cucamonga, California.
• Represented a private equity real estate firm in the closing of a $900 million credit facility, which will be used to finance the firm’s acquisition of triple-net leased commercial real estate throughout the U.S. and Canada.
• Represented a real estate operating company and investment manager focused on the development and acquisition of industrial properties in the U.S. and Europe, in a comprehensive reorganization of its company structure that created separate platforms for its fee-based management services and real estate equity holdings.
• Represented Blue Owl in its $15 billion acquisition together with GIC of STORE Capital Corporation (NYSE: STOR).
• Represented Blue Owl on its acquisition of all outstanding shares of common stock of Sila Realty Trust, Inc. in an all-cash transaction valued at approximately $2.4 billion.
• Represented Borrower in its $1.2 billion refinancing of a portfolio of extended stay hotels.
• Represented StorageMart in its acquisition and financing of Manhattan Mini Storage. The purchase of Manhattan Mini Storage includes the entirety of the company's 18 self-storage real estate locations throughout Manhattan.
• Represented Washington Prime Group in its Chapter 11 restructuring, including modifying over $1 billion of secured loans, negotiating modifications with its lead joint venture partner on over $1 billion of assets to prepare for the Chapter 11 filing and negotiating a DIP financing and pre-arranged corporate level financing for the emergence of the company.
• Represented a real estate private equity firm in a $1.2 billion real estate financing of industrial properties throughout the US.
• Represented a real estate private equity firm in a $740 million CMBS financing of a portfolio of 100 industrial properties throughout the US.
• Represented a private hotel company in connection with its $730 million CMBS first mortgage and mezzanine financing secured by 30 hotels located throughout the U.S.
• Represented a private equity firm in $151 million financing of 7 office properties located in Texas, California and Virginia.
• Represented Aeroterm US in its acquisition of more than 120 airport logistics assets located in the United States and Canada for approximately $900 million.
• Represented a U.S. real estate investment firm in connection with its $340 million acquisition of the Standard Highline Hotel in New York, New York.
• Represented a U.S. real estate developer in connection with its $102 million first mortgage construction financing for a 41-story ground up multifamily high rise located in Seattle, Washington.
• Represented a private hotel company in connection with its $750 million first mortgage and mezzanine financing secured by 29 hotels.