Strategic $10 Million Acquisition of 15MW Facility
Aphorio Carter Critical Infrastructure Fund has officially acquired the Trumbull data center in Trumbull, Connecticut, for $10 million. This acquisition aligns with the company’s strategic goal to expand its portfolio of mission-critical infrastructure.
The facility, located at 80 Merritt Boulevard, Fairfield County, was previously listed for sale by Digital Realty in October 2023. Featuring a robust infrastructure, the site is poised to meet growing data center demand in the region.
Key Specifications of the Trumbull Data Center
The multi-tenant colocation facility, originally built in 1960, sits on an 8.26-acre property and spans 227,500 square feet (21,135 sqm). It is equipped with 15MW of utility power, making it suitable for high-density computing requirements. The facility comprises:
- Two data center pods
- One disaster recovery pod
This configuration allows for optimal flexibility and redundancy, which are critical for enterprise-level operations.
Prominent Tenants and Market Demand
Current tenants at the facility include a mix of leading global organizations, reflecting its appeal to high-value clients. These tenants include:
- A global financial services group
- An international digital business
- A FINRA-registered broker-dealer
- An automated equities trading solutions company
- A global investment firm
Such diversity among anchor tenants enhances the facility’s stability and long-term value.
Aphorio Carter’s Strategic Vision
John Regan, Chief Investment Officer at Aphorio Carter, emphasized the strategic importance of this acquisition:
“Our data center portfolio continues to grow with the acquisition of the Trumbull data center, aiming to deliver additional value for our investors. Strategically located in Connecticut with proximity to New York City, top-tier tenants, and strong investment fundamentals, the facility is an accretive addition for Aphorio Carter.”
The growing demand for high-density, AI-ready data centers has created a supply crunch in key markets like New York City. With New York ranking as the eighth most developed US data center market, the region has faced rising rents and low vacancy rates. This acquisition positions Aphorio Carter to capitalize on these trends while meeting increasing enterprise demand.
Aphorio Carter’s Expanding Portfolio
The Trumbull data center marks Aphorio Carter’s seventh critical infrastructure acquisition in the past two years. As a subsidiary of Carter Funds, Aphorio Carter specializes in mission-critical data center investments with a growing global footprint of 125 data centers.
Recent Aphorio Carter Acquisitions
- February 2023: Acquired a data center in Bryan, Texas, leased to colo firm Fibertown.
- Tucson, Arizona: Completed another acquisition of a leased data center later that year.
- November 2023: Purchased a fully leased enterprise facility in Collierville, Tennessee, for approximately $13 million.
- Denver, Colorado: Acquired a Verizon and Equinix-leased data center in its latest move.
These acquisitions demonstrate Aphorio Carter’s commitment to expanding in regions with strong demand fundamentals and tenant stability.
Market Context: Connecticut’s Growing Data Center Presence
Connecticut has emerged as a notable data center market, with 60 operational facilities spread across the state, according to Datacentermap. While the bulk of these centers are concentrated in areas like Norwich, Fairfield County’s proximity to New York City offers strategic advantages for enterprises requiring high-speed connectivity and disaster recovery options.
Addressing the Rising Demand for Data Center Space
The acquisition comes at a time when AI workloads and cloud adoption are driving demand for higher power density data centers. New York’s strained infrastructure and tight vacancy rates have intensified competition, pushing companies to look at surrounding regions like Connecticut. The Trumbull facility’s 15MW capacity makes it a prime solution for organizations seeking scalable infrastructure near New York City.
“We hope that our newest acquisition will help meet the growing demand for data center space in the region,” added Regan, underlining the role of this purchase in alleviating pressure on an oversaturated market.
Benefits for Aphorio Carter Investors
This acquisition reflects Aphorio Carter’s commitment to delivering strong investment returns through high-quality, income-producing assets. Key benefits include:
- Top-tier tenants ensuring long-term stability
- Strategic location close to a major data center market (New York City)
- Scalable infrastructure suitable for modern workloads
- Resilient power capacity supporting mission-critical operations
Future Growth Prospects for Aphorio Carter
As Aphorio Carter continues to expand its portfolio, future acquisitions are likely to focus on regions where demand fundamentals remain strong, and infrastructure gaps create opportunities. With its growing reputation as a leading data center investor, Aphorio Carter remains well-positioned to drive innovation and support enterprise digital transformation.
FAQ: Aphorio Carter Acquires Digital Realty Data Center
1. Why did Aphorio Carter acquire the Trumbull data center? Aphorio Carter acquired the facility to expand its mission-critical infrastructure portfolio and meet growing enterprise demand for high-density data center space near New York City.
2. What makes the Trumbull data center significant? The facility offers 15MW of power capacity across 227,500 sq ft, with a diverse tenant base and strategic proximity to major markets like New York City.
3. Who are the key tenants at the facility? The current anchor tenants include a global financial services group, an international digital business, and other prominent enterprises.
4. How does this acquisition align with Aphorio Carter’s strategy? The purchase aligns with the company’s strategy to invest in high-quality, income-generating data center assets in regions with strong demand fundamentals.
5. How many data centers does Aphorio Carter currently own? Aphorio Carter’s portfolio includes 125 data centers globally, with seven acquisitions in the past two years alone.
