QTS Secures $135 million for Data Center Construction
QTS (Quality Technology Services), which operates 11 data centers across the U.S., announced a $135 million increase in its credit ...
In Focus: QTS
QTS Data Centers PRIVATE COMPANY • BLACKSTONE PORTFOLIO COMPANY Hyperscale and enterprise data center developer and operator supporting cloud, AI infrastructure, enterprise, and government workloads across the United States and Europe. PROFILE UPDATED: JULY 2026 | |
| Overview | QTS Data Centers designs, develops, owns, and operates large-scale data center campuses for hyperscale cloud platforms, AI computing environments, enterprises, and government customers. QTS is privately held as part of Blackstone and operates across major U.S. and European data center markets. |
| Why It Matters | QTS is a significant platform for hyperscale cloud and AI infrastructure deployment. Its campuses are built around large power requirements, phased capacity expansion, network connectivity, and long-term development pipelines. |
| Founded | 2003 |
| Headquarters | Overland Park, Kansas, USA |
| Ownership | Privately held portfolio company of Blackstone. QTS Realty Trust was acquired by Blackstone in 2021 in a transaction valued at approximately $10 billion, including debt. |
| Leadership | David Robey • Co-CEO Tag Greason • Co-CEO |
| Core Technologies | Hyperscale Data Center Campuses • AI Infrastructure • High-Density Computing • Data Center Power Infrastructure • Advanced Cooling • Carrier-Neutral Interconnection • Cloud Connectivity |
| Key Products / Platforms | Hyperscale Data Centers Colocation Cloud Connectivity Interconnection Services Service Delivery Platform |
| Major Milestones | QTS completed its initial public offering in 2013 and expanded through acquisitions and large-scale campus development. Blackstone acquired QTS in 2021. In 2025, founder Chad Williams stepped down as CEO, and David Robey and Tag Greason were appointed Co-CEOs. |
| Recent Development | In July 2026, QTS terminated its planned participation in the Prince William Digital Gateway data center development in Virginia and withdrew associated filings. QTS said Virginia remains an important market, citing continued investment in Northern Virginia and the Richmond region. |
| Target Markets | Hyperscale Cloud AI Infrastructure Enterprise Government Digital Infrastructure |
| Editorial Coverage | Converge Digest tracks QTS developments related to hyperscale data center construction, AI infrastructure capacity, power procurement, advanced cooling, digital infrastructure investment, expansion into new markets, and regulatory and community issues affecting large-scale data center development. |
| Industry Context | QTS operates in the hyperscale and colocation data center market alongside companies including Equinix, Digital Realty, Vantage Data Centers, CyrusOne, STACK Infrastructure, Compass Datacenters, and NTT Global Data Centers. Competition increasingly centers on access to power, land, transmission infrastructure, cooling systems, and the ability to deliver multi-building campuses for AI and cloud customers. |
| Profile Updated | July 2026 |
| Related Knowledge Hubs | QTS • Data Centers • AI Infrastructure |
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