POWERHOUSE Data Centers (Powerhouse), which is a fully owned subsidiary of American Real Estate Partners (AREP) and develops and owns next-generation data centers, has announced today that it has closed on the site of "PowerHouse Reno," a three-building, 900,000 square foot powered shell data center campus that is being developed in Reno, Nevada.. PowerHouse Reno is PowerHouse's first site outside of northern Virginia, and it will provide more than 65 MW of bridging electricity, which is scheduled to be in place by the end of the year 2025, via a joint venture between PowerHouse and Harrison Street Powerhouse.
PowerHouse Reno is PowerHouse's first site outside of northern Virginia, and it will provide more than 65 MW of bridging electricity, which is scheduled to be in place by the end of the year 2025, via a joint venture between PowerHouse and Harrison Street Powerhouse.
PowerHouse Reno will be located in the Tahoe Reno Industrial Center (TRIC), one of the largest industrial parks in the United States by landmass, and will serve the growing data demands of leading hyperscale users in the area.. Despite the fact that land and power have become difficult to secure in Northern California, TRIC and Reno have become one of the nation's fastest growing tech hubs. Due to its central location to all key Western markets, its proximity to low-cost renewable energy sources, its qualified workforce, its competitive tax rates and abatements, and its overall business-friendly environment, Reno is an excellent location for businesses.. By bringing together the expertise of AREP and PowerHouse Harrison Street JV, PowerHouse Reno will serve as the leading solution that will address the needs of this rapidly growing, highly connected market for data centers in the near future.
By bringing together the expertise of AREP and PowerHouse Harrison Street JV, PowerHouse Reno will serve as the leading solution that will address the needs of this rapidly growing, highly connected market for data centers in the near future.
Located in the Tahoe Reno Industrial Center (TRIC), one of the largest industrial parks by landmass in the United States, PowerHouse Reno will be able to serve the increasing data needs of many leading hyperscale customers in the area in the future. Due to the difficulty in securing land and power in Northern California, the TRIC and Reno region have developed into one of the nation's fastest growing tech hubs. Reno is an ideal location for business because of its central location in relation to all major Western markets, access to low-cost renewable energy, qualified workforce, competitive tax rates and abatements, and overall business-friendly environment.. As a result of combining the expertise of AREP and the PowerHouse Harrison Street joint venture, Powerhouse Reno will serve as the leading solution that addresses the needs of this rapidly growing, highly connected market for data centers in the coming years.
As a result of combining the expertise of AREP and the PowerHouse Harrison Street joint venture, Powerhouse Reno will serve as the leading solution that addresses the needs of this rapidly growing, highly connected market for data centers in the coming years.
The PowerHouse Data Centers announce the closure of its "PowerHouse Reno" site, a three-building 900k sqft powered shell located in Reno, Nevada.
In light of the rapid growth of artificial intelligence throughout all industries and the rapid roll out of hyperscale demand in the coming years, it is expected that sites such as PowerHouse Reno will serve the market well by delivering power to the market at attractive prices and with reliable renewable energy components," said Doug Fleit, co-founder and CEO of AREP and PowerHouse. As we continue our relationship with Harrison Street as our partner in this venture, we are delighted to be adding another important data center to our portfolio."
According to Michael Hochanadel, Managing Director and Head of Digital for Harrison Street Group, the expansion of the PowerHouse platform into the highly connected and desirable Reno market is a significant step in addressing the challenges facing leading technology companies.. Our Reno location aligns with the needs of the market, so PowerHouse is well positioned to take advantage of the evolving needs of our customers.". As we continue to expand across the United States, we look forward to the future. Hopefully in the near future.Announcing the close of the transaction marks PowerHouse Data Center's second transaction in the last two months and its strategic expansion across the United States. A total of over 700 megawatts of energy are currently under development by PowerHouse in northern Virginia.In order to learn more about PowerHouse's current projects, including Reno, please visit their website at www.powerhouse.com.Data from Powerhouse.PowerHouse Data Centers is a developer and owner of next-generation data centers, as well as a provider of technical real estate solutions for hyperscalers across the nation through American Real Estate Partners (AREP). Our facilities are fully owned and operated by ARP. With a strong start in the heart of Northern Virginia, the largest market for data centers in the world, and then strategically expanding to key markets across the United States, PowerHouse Data Centers owns its land and is committed to providing fast-track approvals and zoning approvals.. The powerhouse data centers are a disruptive force in the data center industry, delivering flexible next-generation data center models along with the quickest time-to-market in the industry, while meeting the increasing market, data, utility, and space demands of hyperscalers.. We offer a full suite of development services, and we are committed to building 27 data centers, representing over 9 million square feet of data center space, over the next few years. Its operations are operated as a subsidiary of AREP, and PowerHouse Data Centers make use of proven leadership and technical expertise, along with strategic joint ventures, in order to establish itself as a leader in the development of world-class data centers around the country.. Visit our website for more information about our services.Powerhouse Data, Inc..Please visit our website and follow us on LinkedIn, YouTube, and Xing.Harrison Street is one of the largest investment management firms exclusively focused on alternative real assets. We are one of the world's leading firms in the field. A series of differentiated investment solutions based on demographic-driven, needs-based assets have been developed by the firm since it was founded in 2005. There have been investments in senior housing, student housing, healthcare delivery, life sciences, and storage properties as well as social and utility infrastructure made by the firm. Founded in Chicago and London, with offices throughout North America, Europe, and Asia, the firm has more than 280 employees and over US $56 billion in assets under management. It is headquartered in Chicago and London and has offices in North America, Europe, and Asia.. The term "assets under management" ("AUM") is used to describe the amount of assets under management and asset management for the Firm's investment advisory and asset management clients, and is not limited to the Firm's regulatory AUM reported in its Form ADV..Among the firm's clients is a global institutional investor base that is based in North America, Europe, the Middle East, Asia and Latin America.. During the last nine years, Harrison Street has been named one of the Best Places to Work by Pensions & Investments (2014-2020, 2022, 2023) and PERE has awarded the firm multiple awards, including five awards during the 2022 Awards, including Alternatives Investor of the Year - Global, Industry Figure of the Year - Global, Residential Investor of the Year - Global, Data Centers Investor of the Year - Global, and Residential Investor of the Year - North America.. If you would like more information, please visit our website at.The Harrisonist.Com (www.com). PowerHouse Data Centers is the source of this information
 PowerHouse Data Centers is the source of this information
As Michael Hochanadel, Managing Director of Harrison Street and Head of Digital, noted, "The expansion of the PowerHouse platform into the highly connected and desirable Reno market is an important step towards addressing the challenges faced by leading technology companies today." As a result of our Reno location aligning with market demands, PowerHouse is well positioned to capitalize on changing consumer demands. We are looking forward to expanding across the United States in the future."
PowerHouse Data Center had completed its second transaction in the last two months, marking the company's strategic national expansion. PowerHouse currently has four developments under construction in northern Virginia totaling over 700 megawatts.
You can find more information about PowerHouse's current projects, including Reno, on its website at www.powerhousedata.com.
It is a full-service operator of next-generation data centers and provides technical real estate solutions for hyperscalers across the country through its sister company, PowerHouse Data Centers, which is owned and operated by American Real Estate Partners (AREP).. As a pioneer in the world's largest data center market, PowerHouse Data Centers was founded in Northern Virginia and quickly expanded to key markets across the United States. Since PowerHouse Data Centers owns its land, it is able to offer fast-track approvals and zoning approvals to its customers.. In the role as a disruptor, PowerHouse Data Centers provides flexible new-generation data center models with the quickest speed to market of any data center while meeting hyperscalers' growing market, data, utility, and space demands at the same time.. The company has a full suite of development services, and is committed to building 27 data centers representing over 9 million square feet of data center space.. It is a subsidiary of AREP that leverages proven leadership and technical expertise, coupled with strategic joint ventures and has become established as a leader in the development of world-class data centers throughout the country as a result of its affiliation with AREP. Please visit the following website for more information:.Data from powerhouse.com.You can follow us on LinkedIn, YouTube, and Xing as well
You can follow us on LinkedIn, YouTube, and Xing as well
As one of the leading investment management firms exclusively focused on alternative real assets, Harrison Street is one of the leading investment management firms in the world. The firm was founded in 2005, and since then, it has developed a series of differentiated investment solutions that are based on demographics and needs of investors. The firm has invested in senior housing, student housing, healthcare delivery, life sciences, and storage real estate, as well as social and utility infrastructure across a wide range of sectors. As a firm with headquarters in Chicago and London, as well as offices throughout North America, Europe, and Asia, the firm has more than 280 employees and manages approximately US $56 billion in assets, as of the end of the year.. 'Assets under management ("AUM") is a measure of the firm's assets under management arising from its investment advisory and asset management services for clients, and is inclusive of the firm's regulatory assets under management as reported in its Form ADV..The firm's clients include a wide range of domestic and international institutional investors with offices in North America, Europe, the Middle East, Asia, and Latin America.. It has been nine years since Harrison Street was named Best Place to Work by Pensions & Investments (2014-2020, 2022, 2023) and it has also won multiple awards from PERE, including five for the 2022 Awards: Alternatives Investor of the Year - Global, Industry Figure of the Year - Global, Residential Investor of the Year - Global, Data Centers Investor of the Year - Global, and Residential Investor of the Year - North America.. Please visit the following website for more information:.The Harrisonist.Please visit www.com
Please visit www.com
PowerHouse Data Centers is the source of this information
It should be noted that PowerHouse Data Centers ("Powerhouse") is a developer and owner of next generation data centers whose shares are fully owned by American Real Estate Partners (AREP),...
As a division of American Real Estate Partners, PowerHouse Data Centers is a leading real estate partner for next-generation hyperscale data centers...

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