Ascent has announced a partnership with Carter Validus Mission Critical REIT, Inc. (CVMC REIT) whereby CVMC REIT acquired the Ascent CH2 Data Center Facility in Northlake, IL (a suburb of Chicago) for $211.7 million and will provide new capital for the continued build out and expansion of the facility. Ascent will continue to work directly with current and future tenants through its operation of the CH2 Facility and will manage all data center development, design, construction, engineering and operational services.

This partnership provides both parties an opportunity to focus on their core competencies, where CVMC REIT will deliver financial resources to the project while Ascent will continue to deliver custom, built-to-suit data center suites as well as wholesale colocation space. Current CH2 tenants will continue to benefit from Ascent’s 24/7-onsite operational support, remote management and Smart Hands services.