GI Partners, a private alternatives investment firm, has acquired five ‘always on’ properties representing 860,000 square feet, on behalf of its Essential Tech + Science Fund (ETF Fund).
The properties, all of which are located in high density Northern Virginia markets, are leased to many of the largest defence and government contracting companies in the US.
GI Partners has historically acquired similar ‘always on’ assets—those that house mission critical technology operations and non-biological R&D — in its core real estate funds. This investment represents the first ‘always on[ acquisition in its core plus ETS Fund.
The properties include divisional headquarters locations, and host operations and R&D for intelligence, cybersecurity, satellite, cloud, communication and other related purposes. The highly secure buildings feature a range of infrastructure improvements, including significant SCIF (Sensitive Compartmented Information Facility) buildouts, dark fibre, data centres, satellite and antennae installations, and are supported by redundant power and cooling.
