In January 2026, Arcapita and its joint venture partner, Cloud Capital, acquired a 21-megawatt data center located in Minneapolis, Minnesota, with plans to expand its capacity to 31 MW.
The data center is primarily leased on a long-term basis to a leading provider of sovereign AI and cloud inferencing solutions and is strategically positioned to benefit from surging demand for high-density digital infrastructure driven by artificial intelligence, cloud computing, and enterprise digital transformation. The planned 10 MW expansion is expected to significantly increase operating income and enhance the overall value of the investment.
Minneapolis represents a growing data center hub underpinned by robust power infrastructure, low natural disaster risk, and a diversified economic base spanning Fortune 500 and 1000 companies, healthcare leaders, and technology innovators. The region continues to experience record-low data center vacancy rates amid accelerating AI adoption and heightened enterprise cloud demand.
| Sector: | Real Estate |
| Region: | United States |
| Investment Date: | 2026 |