Ares Secondaries funds have expanded their minority equity investment in Sabey Data Center Properties, LLC, less than three months after first committing capital to the data center platform.

Sabey Corporation and National Real Estate Advisors, LLC, SDCP's joint venture partners, announced the additional investment on October 5, 2026, stating that it brings Ares' total investment in the company to more than USD 500 million. The follow-on commitment was first announced in July 2026, when Ares made its initial minority equity investment in SDCP.

The expanded investment aligns the three long-term partners, Sabey Corporation, National Real Estate Advisors, and Ares, around SDCP's continued growth and its ability to serve customers across what the companies describe as an increasingly data-driven economy.

Executives Point to Confidence in Platform and Growth Runway

Leadership at all three firms framed the expanded commitment as a vote of confidence in SDCP's direction.

"This follow-on investment reflects continued conviction in SDCP's long-term value proposition and growth trajectory," said Kevin Verdi, Executive Vice President & Chief Investment Officer at National Real Estate Advisors.

Verdi added that the firm remains focused on disciplined growth and delivering the digital infrastructure needed to support the next generation of cloud and AI demand.

Tim Mirick, President of Sabey Data Center Properties, said the company is pleased to deepen its relationship with Ares as it executes on its long-term growth strategy.

According to Mirick, the additional commitment reflects confidence in the strength of the platform and its ability to develop and operate the mission-critical infrastructure its customers rely on.

On the investor side, Jamie Sunday, Co-Head of Real Estate Secondaries at Ares, said the firm is pleased to expand its investment in SDCP and build on its relationship with the Sabey and National teams, citing significant runway for growth.

A Platform of 275 Megawatts Today, Targeting Roughly 737 MW by 2033

SDCP is a fully integrated data center platform that owns and operates hyperscale and enterprise data center campuses located in top-tier United States data center markets. The company's operating portfolio currently totals 275 megawatts, with an expansion pipeline expected to reach approximately 737 MW by 2033.

More broadly, Sabey Data Centers maintains a portfolio of more than four million square feet of mission-critical space, making it one of the largest privately owned multi-tenant data center owners, developers, and operators in the United States.

The company specializes in scalable, custom-built data center solutions recognized for efficiency, low total cost of ownership, operational maturity, and sustained uptime, and provides sustainable data center services to many of the world's top financial, technology, and healthcare companies.

SDCP is structured as a joint venture between Sabey Corporation and National Real Estate Advisors, LLC, with National acting as investment manager on behalf of its institutional clients.

Background on the Partners

Sabey Corporation is a privately held commercial real estate development and investment company established in 1971, specializing in data center, medical and life sciences, education, government, and military properties. Headquartered in Tukwila, the company employs more than 270 people.

National Real Estate Advisors, LLC is an investment manager that develops, operates, and manages commercial real estate and infrastructure projects across the United States. Since 2000, National has built diversified portfolios currently concentrated primarily in multifamily, data centers, healthcare-related, and mixed-use facilities.

The firm manages separate accounts and commingled investment vehicles on behalf of investors and is an independently operated subsidiary of the National Electrical Benefit Fund, a pension trust whose assets are managed by National on a discretionary basis.

Ares Management Corporation, traded on the New York Stock Exchange under the ticker ARES, is a global alternative investment manager offering primary and secondary investment solutions across credit, real estate, private equity, and infrastructure.

As of June 30, 2026, Ares' global platform had over USD 671 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific, and the Middle East.

Context Within a Busier Year for Sabey

The Ares expansion is the latest in a series of Sabey announcements in 2026. In July, the company held a "Going Vertical" ceremony at SDC Umatilla, a new data center campus in Northeast Oregon, marking continued construction progress.

In late August, Sabey Data Centers outlined the investment, employment, and community benefits associated with its proposed data center campus in Decatur Township.

The additional Ares capital is intended to support SDCP's continued growth as demand for hyperscale and enterprise data center capacity increases across the markets in which the platform operates.

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