Formation of New Investment Platform to Acquire and Operate
Specialized Mission Critical Real Estate and Data Center Properties
NEW YORK–(BUSINESS WIRE)–RedBird Capital Partners (“RedBird”) and Next Tier HD (“Next Tier”) are
pleased to announce the formation of real estate investment and
management platform, Next Tier Connect. Next Tier Connect will seek to
acquire mixed-use mission critical real estate properties and data
center related properties across the United States.
“Next Tier Connect is a significant evolution of our relationship with
RedBird and creates a unique investment platform to acquire, optimize
and manage a diversified national portfolio of select real estate and
mission critical properties,” said David Spiewak, Next Tier’s Managing
Principal. “We look forward to working with the RedBird team to pursue
select opportunities that line-up well with the strategic investment
objectives of both institutions and develop a portfolio of exceptional
properties.”
“We have always been impressed with David and his team’s ability to
identify and optimize off-market assets within the data center and
mission-critical real estate sectors,” said Tyler Alexander, Principal
at RedBird. “Next Tier brings an impressive track record as a hands-on
operator who truly understands the underlying tenant and customer needs.
RedBird is excited to formalize our partnership and create a scale
platform, consistent with our investment model across communications
infrastructure.”
About Next Tier HD
Based in New York, NY with offices in the Washington DC area as well as
West Palm Beach, FL Next Tier HD is among a small group of premier
investment, management and services firms that focus primarily on
Mission Critical Real Estate and Data Centers. The Company was formed in
2012 and is led by James Coakley, Kevin Reardon and David Spiewak. Next
Tier brings a unique mix of experience and expertise to focus on
creating outsized value in all aspects of its opportunistic business
strategy.
About RedBird Capital Partners
RedBird is a principal investment firm focused on providing flexible,
long-term capital to help entrepreneurs grow their businesses. Based in
New York and Dallas, RedBird seeks investment opportunities in
growth-oriented private companies in which its capital, investor network
and strategic relationships can help business owners achieve their
corporate objectives. Since its inception in 2014, RedBird has led over
$2 billion of equity and co-investments, connecting patient capital with
business founders and entrepreneurs to help them outperform
operationally, financially and strategically. For more information,
please go to www.redbirdcap.com
Contacts
Next Tier:
www.nexttierhd.com
RedBird:
Dan
Gagnier
Gagnier Communications
646-569-5897
