Private equity's quiet takeover of US short-line railroads
Let’s delve into this classic rollup thesis
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In a nutshell: As Prologis reported Q1 results, a fast-growing portion of its development capex is heading to data centers. Blackstone just filed for a $2bn data center REIT. And the same institutional money that spent the last decade buying ports is now buying server farms. Logistics executives should be paying attention – their landlord certainly is.
The capital that built the modern logistics network is moving. Not away from infrastructure, that thesis remains intact, but towards a different ...
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