IO Completes $125 Million Sale-Leaseback With Carter Validus Mission Critical REIT
The move allows IO to continue data center management, operations, and engineering operations.
IO has announced a partnership with Carter Validus Mission Critical REIT, Inc. (CVMC REIT) through which CVMC REIT acquired a 100% interest in the real estate containing the IO Phoenix and IO Scottsdale data centers.
CVMC REIT immediately leased the data centers back to IO in a sale-leaseback transaction. The combined transaction was valued at $125 million.