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Aphorio Carter Expands Its Investment Horizon in Kentucky

Aphorio Carter Critical Infrastructure Fund, LLC, a prominent player in private placement offerings focused on critical infrastructure, has recently made a significant investment by acquiring two enterprise data centers located in Kentucky for a total cost of approximately $35 million. This strategic move not only showcases Aphorio Carter's commitment to growing its portfolio but also highlights the anticipated demand for data center services in the Louisville metropolitan area.

The two newly acquired facilities, namely the Louisville Data Center and the Simpsonville Data Center, are both situated within the vibrant Louisville metropolitan statistical area. This region has been increasingly recognized as an attractive hub for data center operations, attributed to factors such as its competitive operating costs, impressive infrastructure, and a prime geographical location that supports enhanced connectivity. Currently, Louisville features a burgeoning data center market, with an impressive total of 513,102 square feet of operational data center space, positioning it well as an ideal environment for enterprises and colocation service providers.

Interestingly, the demand for data center services in Louisville is projected to remain robust, particularly due to the lack of new supply on the horizon. This scenario is expected to drive increased occupancy rates and bolster long-term stability for existing data centers in the region. Both the Louisville and Simpsonville facilities, built in 2011, are well-equipped with critical power capabilities of 1,000 kW, embody Tier III LEED Gold certifications, and encompass over 102,500 square feet of space. Notably, both sites cater to a Fortune 200 tenant, underscoring their high operational standards and reliability.

Designed with growth in mind, each facility incorporates 10,000 square feet of raised floor space, along with an additional 10,000 square feet of shell space, presenting opportunities for future expansion. The strategic nature of these data centers is further emphasized by their capacity to support up to 1 MW of critical IT load facilitated through an N+1 UPS configuration, alongside a Power Usage Effectiveness (PUE) rating of 1.7 for optimized energy efficiency.

Moreover, both sites are characterized by their high availability configurations, featuring dual 3,300 HP, 2 MW generators, and access to two distinct utility feeds—Louisville Gas and Electric (LGE) at the Louisville facility, and Kentucky Utilities at the Simpsonville facility.

John Regan, the Chief Investment Officer of Aphorio Carter, expressed enthusiasm regarding these investments, stating, "These data center acquisitions not only enhance our portfolio's diversification but also firmly position Aphorio Carter in the rapidly evolving Louisville market. Low operating costs, strong fiber infrastructure, and proximity to key markets such as Chicago and Atlanta create an attractive proposition for growth in digital infrastructure. With energy efficiency, favorable tax environments, and a business-friendly climate, we anticipate substantial opportunities in this space moving forward."

This latest acquisition marks an important milestone for Aphorio Carter Critical Infrastructure Fund, bringing the total number of critical infrastructure real estate purchases to nine since its inception in June 2022. With a total of approximately $238 million in assets under management, the fund's diversification and strategic approach towards critical infrastructure development continue to evolve.

Aphorio Carter is part of the broader Carter Funds group, focusing on investments in mission-critical infrastructure and high-growth technology-related real estate. Led by a seasoned team with an impressive history of acquiring data centers globally, Aphorio Carter combines experience with a commitment to establishing robust portfolios that support the digital age. The company's overarching goal revolves around targeting acquisitions with net leases to creditworthy tenants, which underpins its strategy for sustainable growth in the digital infrastructure sector.

In conclusion, Aphorio Carter’s bold acquisition of these two data centers not only reinforces its commitment to expanding its presence in Kentucky but also reflects a keen understanding of market demands in the evolving landscape of digital infrastructure. The focus on strategic investments coupled with sustainable operational practices establishes Aphorio Carter as a key player in the critical infrastructure industry, poised for future growth and success.