Speed-to-market with Proven Performers
PowerHouse Data Centers, fully owned and operated by American Real Estate Partners (AREP), is an innovative developer and owner of next-generation data centers and provides technical real estate solutions for hyperscalers nationwide. Founded in 2021 with a core focus on Data Center Alley in Ashburn, Virginia, before strategically expanding to key markets across the United States, PowerHouse Data Centers owns its land sites, offering fast-track approvals and flexible next-generation data center models with the quickest speed to market of any data center while meeting hyperscalers’ growing market, data, utility, and space demands.
With a full suite of development services, PowerHouse has 29 data centers currently underway or in planning, representing well over 2 GW in six major U.S. markets. PowerHouseData Centers leverages proven leadership and technical expertise, alongside strategic joint ventures, and has become an established leader in world-class data center development across the country.
Highlighted Joint Venture Partnership
The PowerHouse and Harrison Street JV have committed $1 billion to develop six powered shell data centers representing 2.1 million square feet of data center space across Northern Virginia’s Data Center Alley and I-95 Corridor, the world’s largest and most connected data center market and fastest growing submarket respectively, as well as the Reno submarket. The JV portfolio includes a 1.2 million square foot development site in Ashburn, VA.
American Real Estate Partners (AREP) is an institutional fund manager and innovative operating partner focused on data center, office, and residential development and repositioning throughout the United States. AREP has had a number of high-profile successes in the Ashburn data center market, including the 1.8 million square foot acquisition of Quantum Park and the development of a 445,000 square foot headquarters for the U.S. Customs and Border Patrol Agency.
Harrison Street is one of the leading investment management firms exclusively focused on alternative real assets. Since 2018 the company has invested approximately $2.4 billion in digital assets including powered shells, carrier hotels, strategic collocations and dark fiber, and has built a dedicated team committed to investing across verticals that are key parts of the digital ecosystem. In July 2021, Harrison Street acquired a significant minority interest in Summit Infrastructure Group (“SummitIG”), the leading dark fiber network solutions and bandwidth infrastructure provider for carriers, content providers, data center operators, large enterprises and government agencies, with more than 600 miles of 100% underground, newly constructed metro and regional dark fiber infrastructure in Northern Virginia.