Aphorio Carter Critical Infrastructure Fund LLC, a 506(c) private placement offering specializing in critical infrastructure and data center investments, announced the acquisition of the Louisville Data Center in Louisville, Ky., and the Simpsonville Data Center in Simpsonville, Ky., for a combined purchase price of approximately $35 million.
Launched in August 2022 as a Regulation D, 506(b) offering, the fund converted its offering to a 506(c) in January 2024 and seeks to raise up to $200 million from accredited investors.
The two properties operate as enterprise data centers located in the Louisville metropolitan statistical area. According to the company, Louisville is a growing data center market due to low operating costs, robust infrastructure, strategic location, and increasing connectivity. With a total market size of 513,102 square feet of data center space, Louisville is well-positioned as a second-tier market for enterprises and colocation providers. With no new supply on the horizon, Louisville’s existing data centers are well-positioned to benefit from sustained demand growth, driving increased occupancy and long-term stability in the region.
Although two separate facilities, both the Louisville and Simpsonville properties were built in 2011, have 1,000 kW of critical power, are Tier III LEED Gold-certified, 102,500 square feet, and have the same Fortune 200 tenant. Both sites are equipped with 10,000 square feet of raised floor space and an additional 10,000 square feet of shell space for future expansion. The Louisville Data Center sits on 30 acres while the Simpsonville Data Center occupies 21 acres.
Aphorio Carter said each data center supports up to 1 MW of critical IT load with an N+1 UPS configuration and a PUE of 1.7 for optimized energy efficiency. Both sites are strategically designed for high availability, each featuring dual 3,300 HP, 2 MW generators, and two utility feeds: LG&E at the Louisville facility and Kentucky Utilities at the Simpsonville facility.
“These data center investments expand Aphorio Carter’s portfolio into the Louisville market with strong fundamentals, further enhancing portfolio diversification. Louisville is emerging as a prime data center market, offering a strategic blend of low operating costs, robust fiber infrastructure, and access to major markets like Chicago and Atlanta. With affordable energy, tax incentives and a business-friendly environment, this market presents a compelling opportunity for long-term growth in the digital infrastructure sector,” said John Regan, chief investment officer of Aphorio Carter.
Aphorio Carter is a Carter Funds company investing in income-producing, mission-critical infrastructure, data centers, and other high-growth, technology-related real estate.
These data centers mark Aphorio Carter Critical Infrastructure Fund’s eighth and ninth critical infrastructure real estate purchases since the company’s first acquisition in June 2022. These latest additions bring the fund’s total assets under management to approximately $238 million, reinforcing its commitment to building a strong, aggregated portfolio of strategic investments in critical infrastructure and data centers.
In December 2024, the Aphorio Carter Critical Infrastructure Fund acquired the Trumbull Data Center in Trumbull, Conn., for approximately $10 million. Last summer, the fund acquired the Centennial Data Center in Centennial, Colo., for approximately $7.3 million.
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