The critical infrastructure and data center division of Carter Funds, Aphorio Carter Fund Management Company, LLC (“Aphorio Carter”), has just announced that it acquires the Fibertown Data Center facility in Bryan, Texas U.S., for $55 million.

Marking Aphorio Carter’s third purchased data center, the newly acquired data center facility includes two data center buildings and one office building totaling 69,788 square feet on 57 acres of land and it is stated that the data center currently house mission-critical systems and disaster recovery operations for Fortune 500 companies and organizations along the Gulf Coast.

“The Fibertown Data Center is an extremely well-maintained asset in an ideal location of Texas providing businesses in the Gulf Coast a carrier neutral, one-stop solution for best-in-class technology and amenities to support their business continuity needs. The incredible demand for technology, digital storage, data transmission, and added capacity at data centers that support our digital-driven world continues to grow rapidly and we are excited about the opportunity and value this data center brings to our portfolio,” said John Regan, chief investment officer of Aphorio Carter.

As announced, Fibertown Data Center is 100% net leased to Fibertown, a provider of data center solutions, high availability colocation, and business continuity office space throughout Texas. Also, Fibertown is said to have invested over $30 million into a renovation of the property in 2008 and has invested between $250,000-$500,000 in the property annually since 2005.

Recently, Oracle also announced the opening of its fourth Oracle Cloud Infrastructure (OCI) region in the U.S., which is located in Chicago, Illinois. As announced, the new Chicago region is expected to offer over 100 OCI services and applications, including Oracle Autonomous Database, MySQL HeatWave, OCI Data Science, Oracle Container Engine for Kubernetes, and Oracle Analytics, which are designed to help startups, mid-size, and enterprise teams.