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**Ares Management Invests $700M in Northern Virginia Data Center Sites**
Ares Management Corporation has completed two major data center acquisitions in the United States through its Ares Real Assets funds, reinforcing its position in the fast-growing digital infrastructure sector.
While Ares did not publicly disclose the transaction values, Bloomberg has reported that the total investment amounted to approximately $700 million.
One of the key acquisitions includes a 314-acre site along the I-95 corridor in Northern Virginia’s Spotsylvania County. The site is slated for development into two data center buildings with a combined capacity of 200 megawatts.
In a separate deal, an Ares Real Estate fund has acquired two newly built, hyperscale data centers in Leesburg, Virginia. These facilities, completed in 2025, span a total of 745,000 square feet and provide 165 megawatts of IT load capacity. The centers are fully leased on 15-year triple-net agreements, ensuring stable, long-term income.
“We are excited to further expand our digital infrastructure presence in the U.S. through these recent acquisitions in one of the world’s largest data center markets,” said Michael Steele, Head of Ares Digital Infrastructure. “These acquisitions leverage our differentiated platform capabilities as we aim to deliver near-term capacity to our customers, value to local communities, and opportunities to our investors.”
With these acquisitions, Ares underscores its strategic commitment to scaling digital infrastructure investments in core U.S. markets.
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