Newly-formed data center REIT Blackstone Digital Infrastructure Trust files for a $100 million IPO
May 4, 2026 News
Newly-formed data center REIT Blackstone Digital Infrastructure Trust sets terms for $1.8 billion IPO
Blackstone Digital Infrastructure Trust, a newly-formed REIT by Blackstone targeting data centers leased to hyperscalers, announced terms for its IPO on Monday.
The New York, NY-based company plans to raise $1.8 billion by offering 87.5 million shares at $20. Blackstone intends to purchase $200 million worth of shares in the offering （11% of the deal）。
IPO Overview
Blackstone Digital Infrastructure Trust, a newly-formed REIT by Blackstone targeting data centers leased to hyperscalers, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
Blackstone Digital Infrastructure Trust is focused on acquiring and owning mission-critical data center assets that power the modern digital economy, planning to target newly-constructed, income-generating, stabilized data center properties leased to investment-grade hyperscale tenants on long-term contracts. Its strategy focuses on essential digital infrastructure assets that serve as the backbone for cloud computing, AI, and the broader digital transformation driving economic growth.
The New York, NY-based company was founded in 2025. It plans to list on the NYSE under the symbol BXDC. Blackstone Digital Infrastructure Trust filed confidentially on December 16, 2025. Goldman Sachs, Citi, Morgan Stanley, Barclays, BofA Securities, Deutsche Bank, J.P. Morgan, RBC Capital Markets, Wells Fargo Securities, BNP Paribas, SMBC Nikko, Societe Generale, BBVA, Credit Agricole CIB, MUFG Securities America, Santander, and TD Securities are the joint bookrunners on the deal. No pricing terms were disclosed.
About the Company
We are a newly organized company focused on acquiring and owning mission-critical data center assets that power the modern digital economy. /We will target newly-constructed, income-generating, stabilized data center properties leased to investment-grade hyperscale tenants on long-term contracts. /We intend to invest in essential digital infrastructure primarily in top data center markets that exhibit strong supply-demand dynamics. We expect to acquire assets with fixed, annual rent escalators and favorable tenant expense reimbursement structures, providing predictable yields and stable cash flows. Our strategy focuses on essential digital infrastructure assets that serve as the backbone for cloud computing, artificial intelligence （“AI”）， and the broader digital transformation driving economic growth. With an estimated $1 trillion total addressable stabilized data center market expected over the next five years, we believe the industry represents a substantial investment opportunity.