Realty Income Corp announces the establishment of a programmatic joint venture with Cloud Capital and a global institutional investor, aiming to invest in the hyperscale data center sector.

The initial seed asset valuation for the joint venture has exceeded $6 billion. This cooperation marks a strategic step for Realty Income in expanding its real estate portfolio and entering the rapidly growing data center asset category. Through a programmatic joint venture model, all parties will systematically identify, acquire, and manage target assets together. Hyperscale data centers, as a core component of digital infrastructure, benefit from the ongoing surge in demand for cloud computing, artificial intelligence, and data storage. This investment aligns with the market's increasing need for high-performance, high-reliability data center facilities.The establishment of the joint venture is expected to bring all parties long-term stable cash flow and asset appreciation potential, while further diversifying Realty Income’s investment risk and strengthening its position in the alternative real estate sector.