GI Partners acquires Regent Commons

GI Partners, a Bay Area-based multi-strategy private equity investment manager, has acquired a three-story 620,000 square foot LEED certified data center and crisis command center located in close proximity to Dallas Fort Worth International Airport. The investment was made through DataCore, a real estate fund managed by GI Partners.

PRESS RELEASE

GI Partners, a Bay Area-based multi-strategy private equity investment manager, announced today the acquisition of a three-story 620,000 square foot LEED certified data center and crisis command center located in close proximity to Dallas Fort Worth International Airport. The investment was made through DataCore, L.P. (“DataCore”), a fully discretionary core real estate fund managed by GI Partners.

The California State Teachers’ Retirement System (“CalSTRS”) created DataCore in 2012 as a core investment vehicle to invest in technology-advantaged real estate in the U.S., including data centers, internet gateways, corporate campuses for technology tenants and life science properties located in primary MSAs and leased to industry leading tenants. Regent Commons marks the third acquisition for DataCore since inception. The fund owns two other technologically advantaged assets, Lightwave Corporate Center in San Diego, California and Corporate Research Center in Hayward, California.

Constructed in 2006, Regent Commons is comprised of three Class A office buildings and one central utility plant. Leased on a long-term basis to two investment grade tenants, the facilities serve a mission critical function for both tenants.

“Regent Commons is a well-located core asset that features numerous distinctive technology attributes including a raised floor environment and significant backup mechanical and power redundancies. We continue to actively evaluate attractive investment opportunities around the country on behalf of our technology-advantaged real estate program and have been encouraged by our progress to date,” said Todd Blanding, Vice President of GI Partners.

DataCore represents the continuation of a long-standing relationship between CalSTRS and GI Partners. In 2012, GI Partners advised CalSTRS on its acquisition of LCOR, a fully integrated investment, management and development company focused on large-scale multifamily, commercial, and mixed-use properties.

About CalSTRS
The California State Teachers’ Retirement System, with a portfolio valued at approximately $166 billion as of August 31, 2013, is the largest educator-only pension fund in the world. CalSTRS administers a hybrid retirement system, consisting of traditional defined benefit, cash balance and voluntary defined contribution plans, as well as disability and survivor benefits. For 100 years, CalSTRS has served California’s public school educators and their families, who today number 856,000 from the state’s 1,600 school districts, county offices of education and community college districts.

About GI Partners
Established in 2001, GI Partners is a multi-strategy private equity investment manager with 46 investment professionals. Since inception, the firm has managed assets valued at more than $9.5 billion through four discretionary private equity funds and five separate real estate accounts for recognized institutional investors, including the largest state and sovereign pension funds in North America, Europe, Australia, and the Middle East. GI Partners is active in a number of key sectors, including IT Infrastructure & Services, Healthcare Services, Leisure & Retail, and Financial & Real Estate Services.