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Ares Management expands data center portfolio with Virginia acquisitions

Reported by Investing
Dec 18, 2025· 3 min read
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Key Takeaways
  • • Ares Management completed two major data center acquisitions in Northern Virginia, totaling 314 acres of development land in Spotsylvania County and two fully leased hyperscale facilities in Leesburg spanning 745,000 square feet with combined IT load capacity of 365 MW.
  • • The Spotsylvania development site, operated through Ares' Ada Infrastructure platform, will support two data center buildings with 200 MW of IT load capacity in the supply-constrained I-95 South corridor tier-1 market.
  • • The Leesburg facilities, acquired by an Ares Real Estate fund, total 165 MW of IT load capacity and are fully leased to a single investment-grade hyperscale customer under 15-year triple-net agreements with completion scheduled for 2025.
  • • Ares' $55.08 billion market capitalization and 45.54% year-over-year revenue growth, combined with a "GOOD" overall financial health score, underscore the firm's capacity to deploy capital into infrastructure assets amid accelerating hyperscale demand.
  • • The Virginia expansion positions Ares to capitalize on Northern Virginia's status as a critical, supply-constrained data center market experiencing accelerating demand from major cloud and technology operators.
Summary
Ares Management Corporation has expanded its digital infrastructure footprint with two complementary transactions in Northern Virginia, targeting the region's rapidly growing data center market. The alternative investment manager, with a market capitalization of $55.08 billion, announced the completion of these acquisitions on December 18, 2025, reflecting strategic positioning in a supply-constrained tier-1 corridor.

Through its Ada Infrastructure platform, Ares acquired a 314-acre development site in Spotsylvania County along the I-95 South corridor. The property will be developed as a data center campus with the first phase comprising two buildings designed to support 200 MW of IT load capacity. Michael Steele, Head of Ares Digital Infrastructure, characterized the acquisition as advancing Ada's global positioning through investment in a market experiencing accelerating demand from hyperscale customers. In a separate transaction, an Ares Real Estate fund purchased two hyperscale data centers in Leesburg, Virginia. These facilities, slated for completion in 2025, span 745,000 square feet and provide 165 MW of IT load capacity. Both centers are fully leased to a single investment-grade hyperscale customer under 15-year triple-net lease agreements, generating predictable long-term cash flows for the fund.

The combined acquisitions highlight Ares' infrastructure investment thesis. The firm has demonstrated consistent financial momentum, with 45.54% year-over-year revenue growth and a documented 17% revenue CAGR over five years. According to InvestingPro metrics, Ares maintains a "GOOD" overall financial health score, supporting its capacity to deploy substantial capital across digital and real estate infrastructure. David Roth, Global Head of Real Estate Strategy and Growth in Ares Real Estate, emphasized Northern Virginia's status as an "attractive, rapidly growing and critical data center market," underscoring the strategic rationale for both transactions.

The dual-transaction approach—combining development-stage land in Spotsylvania with revenue-generating leased facilities in Leesburg—reflects a balanced portfolio strategy that balances near-term cash generation with longer-term value creation. Both sites position Ares to capture demand from major hyperscale operators seeking capacity in constrained markets with superior connectivity, power availability, and operational infrastructure.

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Investing Ares Management expands data center portfolio with Virginia acquisitions