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QTS Data Centers Secures $3.46B to Expand AI Infrastructure

11/9/2025

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Summary

Story summary

QTS Data Centers, owned by Blackstone, is nearing a $3.46 billion commercial-mortgage-backed securities (CMBS) offering to refinance its debt, the largest CMBS deal this year.
The offering funds QTS's plan to expand its AI infrastructure.
Deal covers ten centers across six markets and would power Burlington, Vermont, for five years.
McKinsey estimates a $7 trillion need for data-center investments by 2030.
Google and Amazon have spent $112 billion on capital expenditures.

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Story summary

QTS Data Centers, owned by Blackstone, is nearing a $3.46 billion commercial-mortgage-backed securities (CMBS) offering to refinance its debt, the largest CMBS deal this year.
The offering funds QTS's plan to expand its AI infrastructure.
Deal covers ten centers across six markets and would power Burlington, Vermont, for five years.
McKinsey estimates a $7 trillion need for data-center investments by 2030.
Google and Amazon have spent $112 billion on capital expenditures.