Data Center View - November 2, 2026 - Digital Realty targets $3.5B for debut Americas fund

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NEWS ROUNDUP

FUNDRAISING: Digital Realty targets $3.5B for debut Americas fund. Digital Realty has raised $1.4 billion in cornerstone commitments for its open-end Flagship Fund Americas and is targeting up to $3.5 billion by the end of Q1 2027. The Austin-based REIT launched the vehicle in May with a $3 billion cornerstone target. Once fundraising reaches the revised target, interests in approximately 10 stabilized data centers will transfer from its balance sheet into the fund, absorbing more than 70% of the capital. The seed assets are in Tier One markets, including Northern Virginia.

LOGISTICS: UPS sees a $15B opportunity in U.S. data center logistics. UPS is targeting data center shipments as it shifts toward higher-value business during its wind-down of Amazon deliveries. CEO Carol Tomé estimated the U.S. data center logistics opportunity at $15 billion on the company’s earnings call. Chief U.S. domestic officer Matt Guffey said the market is growing faster than parts of the traditional package business and pointed to UPS’s ability to handle complex supply chains.

EARNINGS: Equinix posts $533M in record annualized bookings, up 35%. Equinix reported third-quarter revenue of $2.571 billion, up 11% year over year, and record annualized gross bookings of $533 million. The company raised its full-year outlook for the third consecutive quarter. CEO Adaire Fox-Martin said Equinix expects to deliver more than 13,000 cabinets in Q4, with over 20% already presold, and has 3GW of developable capacity with land, power and permitting largely secured. CFO Olivier Leonetti said new-deal pricing increased 12% year over year and churn was 1.7%. Quarterly capital spending reached $1.6 billion, with roughly 90% directed toward capacity expansion.

POWER: Sabey tests renewable diesel for backup power at its Austin campus. Sabey Data Centers is piloting hydrotreated vegetable oil as the primary fuel for backup generators at SDC Austin in Round Rock, Texas. The trial will test reliability and operating performance before potential expansion to other campuses, subject to fuel availability and site conditions. Energy and sustainability director Casey Mason said the effort aims to reduce backup power’s environmental impact while preserving reliability. The two-building Austin campus is designed for up to 84MW of critical IT capacity.

READ: Data centers are funding the energy technology all buildings will benefit from.

DATA CENTER PROPERTY FOR SALE

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3 Data Center Assets | Approximately 185,000 SF | 15.46 Acres | NNN Leases | Portfolio or Individual Offers Considered | Offers Due November 11, 2026

192,595 SF | 28 Acres | 49,500 SF Raised Floor | 5–7MW Critical IT Load | For Sale or Lease | Contact Brokers for Pricing

ONE MORE THING

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