Digital Realty Trust looking for more acquisitions, capital in 2010

By Jennifer Lanning Drey

Portland, Ore., Sept. 13 - Digital Realty Trust, Inc. has acquired more than $1.3 billion of properties and raised $1.6 billion of capital so far in 2010 and is "not through on either score," William Stein, the company's chief financial officer, said during a Monday presentation at the Bank of America Merrill Lynch Investment Conference in San Francisco.

Digital Realty has acquired more than $3 billion of properties since 2005, with 2010 being its biggest year to date for acquisitions, he noted.

"Part of that is our having access to unsecured investment-grade-rated debt, so we no longer have to finance these assets one by one with mortgages that take forever to close," Stein said.

"It definitely changes our competitive position."

Digital Realty is a San Francisco real estate investment trust.

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