Significantly Increases Capacity, Expands Customer Base and Adds Nation’s Fourth-Largest Metro Market to DataBank’s Industry-Leading Edge Infrastructure Footprint

DigitalBridge Group, Inc. (NYSE:DBRG) (“DigitalBridge”) today announced that its portfolio company DataBank, a leading provider of enterprise-class colocation, interconnection and managed cloud services, has agreed to acquire four existing data centers in the Houston, Texas metro area from CyrusOne Inc., a premier global data center REIT, for $670 million.

The transaction positions DataBank as the largest independent data center provider in Houston, the nation’s fourth-largest metro area. The new facilities will collectively add more than 300,000 square feet of raised-floor data center capacity and 42.5 MW of installed critical IT load, as well as a roster of blue-chip customers from the area’s fast-growing healthcare, financial, energy, media and software sectors. Additionally, one of the facilities being acquired – the Houston West Campus – is the region’s primary interconnection point, with over 30 fiber networks, 3,500 cross connects and public cloud on-ramps from AWS and Google. Located along a major fiber corridor in Houston, the Houston West Campus is strategically positioned with access to significant and redundant utility power feeds and access to the fastest and most reliable telecommunications networks.

“We are excited to add the high-growth Houston market to DataBank’s portfolio, marking a significant milestone in our expansion efforts as we enter into our 27th metro area and add to what is already the largest edge infrastructure footprint in the United States,” said Raul Martynek, DataBank’s CEO. “We look forward to providing the businesses and people in this important community with best-in-class digital infrastructure.”

The transaction is being funded by an investor group led by DigitalBridge, DataBank’s controlling shareholder. In addition to leading a consortium of world-class institutional investors to support the acquisition, DigitalBridge is investing $80 million from its balance sheet to maintain its 20% ownership position in DataBank.

Marc Ganzi, President and CEO of DigitalBridge, said, “With this acquisition, DataBank is extending its footprint in a strong growth market with significant expansion potential, continuing its strategic focus on carrier-rich data centers in critical metro areas across the United States. We are pleased to support Raul and his team as they continue to deliver for an expanding Fortune 500 customer base.”

Following the close of the transaction, DataBank’s total portfolio will feature more than 65 facilities and 2.0 million square feet of raised-floor data center capacity. The third quarter 2021 annualized run-rate cash NOI represented by these acquired properties, including certain future contracted lease payments, aggregate $34.8 million, and the acquisition includes 100% ownership of the underlying real estate.

The transaction is expected to close late in the first quarter of 2022, subject to customary conditions and regulatory approvals.

About DataBank

DataBank enables the world’s largest enterprises, technology, and content providers to consistently deploy and manage their infrastructure, applications and data on the right platform, at the right time, in the right place. Our colocation and edge infrastructure footprint consists of 65+ data centers and 20 interconnection hubs in 30+ markets, on-ramps to an ecosystem of cloud providers, and a modular edge data center platform with virtually unlimited reach.

We combine these platforms with contract portability, managed security, compliance enablement, hands-on support, and a guarantee of 100% uptime availability, to give our customers absolute confidence in their IT infrastructure and the power to create a limitless digital future for their business.

About DigitalBridge

DigitalBridge (NYSE: DBRG) is a leading global digital infrastructure REIT. With a heritage of over 25 years investing in and operating businesses across the digital ecosystem including cell towers, data centers, fiber, small cells, and edge infrastructure, the DigitalBridge team manages a $42 billion portfolio of digital infrastructure assets on behalf of its limited partners and shareholders. Headquartered in Boca Raton, DigitalBridge has key offices in New York, Los Angeles, London and Singapore.

Cautionary Statement regarding Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” or “potential” or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond our control, and may cause actual results to differ significantly from those expressed in any forward-looking statement. Factors that might cause such a difference include, without limitation, whether DataBank will complete the acquisition of these data centers within the time frame anticipated or at all, whether DigitalBridge will realize any of the anticipated benefits from the acquisition, and other risks and uncertainties, including those detailed in DigitalBridge’s Annual Report on Form 10-K for the year ended December 31, 2020, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2021, June 30, 2021 and September 30, 2021 and its other reports filed from time to time with the U.S. Securities and Exchange Commission. All forward-looking statements reflect DigitalBridge’s good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. DigitalBridge cautions investors not to unduly rely on any forward-looking statements. The forward-looking statements speak only as of the date of this press release. DigitalBridge is under no duty to update any of these forward-looking statements after the date of this press release, nor to conform prior statements to actual results or revised expectations, and DigitalBridge does not intend to do so.

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