Aphorio Carter Acquires Tennessee Data Center Property

Aphorio Carter Fund Management Company LLC, the infrastructure and data center division of Carter Funds, announced that it has acquired a fully leased enterprise data center property in the Memphis suburb of Collierville, Tennessee, for approximately $13 million.

The property is a corporate data processing facility situated on the 118-acre FedEx World Technology Center Campus. Spanning 4.62 acres, the facility holds more than 86,000 square feet of space, including a 41,000-square-foot raised floor area.

Built in 2001, the data center is 100% net leased to an unnamed “globally recognized” logistics company.

“We are enthusiastic to incorporate this property into our portfolio, offering strategic opportunities as nationwide demand for data centers continues to grow,” said John Regan, chief investment officer of Aphorio Carter. “In the first half of 2023, CBRE reported that vacancy rates for North American data centers stayed exceptionally low, hovering around a historic record of 3.3%. AI technology and the digital landscape supported by data centers continues to evolve at a remarkable pace.”

This acquisition marks Aphorio Carter’s fifth infrastructure real estate investment within the last 16 months.

Aphorio Carter is a Carter Funds company investing in infrastructure, data centers, switch sites, and technology-related real estate. The company specializes in sourcing and managing accretive digital infrastructure real estate and implements systematic support services. Together, the principals of Aphorio Carter have a century of real estate and transaction experience in the digital infrastructure space totaling an excess of $5.3 billion in value.

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