Summary

Blackstone Inc. has filed for a $2 billion IPO of Blackstone Digital Infrastructure Trust Inc. (BXDC), a new real estate investment trust focused on acquiring newly built data centers leased to major hyperscale technology companies. The move is part of Blackstone’s broader strategy to capitalize on the rapid growth of artificial intelligence and the increasing demand for computing infrastructure. The REIT plans to invest in data centers valued between $250 million and $1.5 billion and expects annual property yields between 5.75% and 7%, with rents projected to increase 2% to 3% annually. Shares are expected to trade on the NYSE under the ticker “BXDC,” with major banks including Goldman Sachs, Citigroup, and Morgan Stanley serving as underwriters.

The IPO reflects growing investor confidence in AI-driven infrastructure, as hyperscalers continue expanding data center capacity to support cloud computing and AI workloads. Blackstone, which manages approximately $1.3 trillion in assets, has already invested heavily in digital infrastructure and is now seeking to attract both sovereign wealth funds and retail investors. Industry analysts view the offering as one of the largest REIT IPOs focused on AI infrastructure, highlighting how data centers are becoming a critical asset class due to rising demand for power, land, and computing resources. The company believes the REIT’s long-term leases and inflation-linked rent increases will provide investors with stable returns while strengthening Blackstone’s position in the rapidly growing AI infrastructure market.