Updated Oct 12, 2026
Thomas Greason & David Robey Of QTS Data Centers Secures $870 Million Refinance For Industrial Portfolio
$870,000,000
$580/SF
Building Size
1,500,000 SF
Asset Type
Industrial
Closing
Jun 20, 2026
About this deal
AI
The transaction involves an industrial asset comprising a portfolio that spans 1,500,000 square feet, situated across the Phoenix, Dallas-Fort Worth, and Richmond markets. The refinancing amount secured for this fully leased hyperscale portfolio is $870,000,000. It is underwritten by long-term, investment-grade tenants, providing nearly 182MW of capacity.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $870,000,000
- Asset Size: 1,500,000 SF
- Landlord: Thomas Greason & David Robey - QTS Data Centers
- Loan Type: Refinance
- Expected Closing Date: July 1, 2026
- Market: Phoenix, Dallas-Fort Worth & Richmond
The deal is facilitated by Blackstone’s QTS Data Centers, which is actively pursuing a refinancing strategy that includes recent ABS and CMBS transactions. This approach highlights the ongoing institutional demand for stabilized digital infrastructure assets within the sector.
On the Map
$870,000,000
$580/SF
Industrial
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Players
Missouri City Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.02%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93