Company Information

Overview

We are a leading owner, developer, operator and manager of wholesale data centers. Our data centers are highly advanced, secure facilities used by our tenants—primarily national and international technology companies, including Microsoft and Yahoo! —to house, power and cool the computer servers that support many of their most critical business processes. We lease the raised square footage and available power of each of our facilities to our tenants under long-term triple-net leases, which contain annual rental increases.

Our data centers are engineered to the highest specifications commercially available and provide sufficient power to meet the needs of the world's largest technology companies. We consider our newest data center in Northern Virginia, known as ACC4, to be our prototype for future ground-up developments due to its enhanced power capacity and flexible design, which will enable us to accommodate both smaller and larger tenants in a single facility. This data center is capable of providing tenants with a total of 36.4 megawatts, or MW, of power, which we refer to as critical load, or IT load. Critical load is that portion of each facility's total power capacity that is made available for the exclusive use by our tenants to operate their computer servers. Because we believe that critical load is the primary factor that tenants evaluate in choosing a data center, we establish our rents based on both the amount of raised square footage that our tenants are occupying and the amount of power that we make available to them. Accordingly, when we discuss our operations in terms of raised square footage, which we consider to be the net rentable square footage of each of our facilities, we generally also provide a corresponding discussion of critical load, which is one of the primary metrics that we use to manage our business.

Data Center Philosophy

Our data center philosophy is to design and develop highly efficient data centers with increased power densities and high reliability that provide an optimized solution for our tenants. The drive to maximize efficiency flows through all aspects of the data center facility and infrastructure design. We incorporate high efficiency systems such as evaporative chilled water and rotary power backup in a configuration that can allow our tenants to enjoy more utilization of the data center infrastructure. Our designs reduce construction duration and costs allowing us to provide the best value for our tenants. The data center infrastructure is designed to increase operational efficiencies and ultimate reliability.