DigitalBridge Group (NYSE: DBRG) has come a long way in a few years from a legacy real estate investment trust (REIT) to a proactive investor, owner, and manager of high growth digital infrastructure around the world. At the end of 2Q22, the company had successfully “rotated” out of traditional real estate investments like hospitality, healthcare, and industrial real estate along with other managed investments to 100 percent digital infrastructure. Digital assets under management (AUM) totaling nearly $48 billion were up 37 percent on a year-over-year basis from $35 billion at the end of 2Q21. That AUM tally increases to around $55 billion when adding recently-announced transactions with AMP Capital, Switch, Inc., and Deutsche Telekom’s GD Towers, as Inside Towers reported.
By transitioning from a REIT to C-Corp and repurchasing a minority stake in its investment management (IM) platform, the company gained the flexibility to continue rapid IM growth in response to strong secular trends in mobile data and cloud computing. Continue Reading |
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