EX-5.2 3 dex52.htm OPINION OF VENABLE LLP Opinion of Venable LLP

Exhibit 5.2

June 25, 2010

Digital Realty Trust, Inc.

Digital Realty Trust, L.P.

Suite 2900

560 Mission Street

San Francisco, California 94105

 

  Re: Digital Realty Trust, Inc. and Digital Realty Trust, L.P.

Ladies and Gentlemen:

We have served as Maryland counsel to Digital Realty Trust, Inc., a Maryland corporation (the “Company”), and Digital Realty Trust, L.P., a Maryland limited partnership (the “Operating Partnership”), in connection with certain matters of Maryland law arising out of the registration by the Operating Partnership of up to $500,000,000 aggregate principal amount of the Operating Partnership’s 5.875% Notes due 2020 (the “Exchange Securities”) and the guarantee by the Company (the “Exchange Securities Guarantee”) of the obligations of the Operating Partnership under the Exchange Securities, covered by the Registration Statement on Form S-4, as filed by the Company and the Operating Partnership on or about the date hereof under the Securities Act of 1933, as amended (the “1933 Act”) (the “Registration Statement”). The Exchange Securities will be issued by the Company in exchange for the outstanding $500,000,000 aggregate principal amount of the Operating Partnership’s 5.875% Notes due 2020 (the “Original Securities”) that were issued pursuant to that certain Purchase Agreement, dated January 21, 2010 (the “Purchase Agreement”), by and among the Company, the Operating Partnership and Citigroup Global Markets Inc., Banc of America Securities LLC, Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc., as representatives of the initial purchasers listed on Schedule I to the Purchase Agreement. This firm did not participate in the negotiation or drafting of the Purchase Agreement.

In connection with our representation of the Company, and as a basis for the opinion hereinafter set forth, we have examined originals, or copies certified or otherwise identified to our satisfaction, of the following documents (hereinafter collectively referred to as the “Documents”):

1. The Registration Statement related to the offering and guarantee of the Exchange Securities;

2. The charter of the Company, certified by the State Department of Assessments and Taxation of Maryland (the “SDAT”);


Digital Realty Trust, Inc.

Digital Realty Trust, L.P.

June 25, 2010

Page 2

 

3. The Second Amended and Restated Bylaws of the Company, certified as of the date hereof by an officer of the Company;

4. A certificate of the SDAT as to the good standing of the Company, dated as of a recent date;

5. The Certificate of Limited Partnership of the Operating Partnership, certified by the SDAT;

6. The Eighth Amended and Restated Agreement of Limited Partnership of the Operating Partnership, certified as of the date hereof by an officer of the Company;

7. A certificate of the SDAT as to the good standing of the Operating Partnership, dated as of a recent date;

8. Resolutions adopted by the Board of Directors of the Company, in its own capacity and in its capacity as the sole general partner of the Operating Partnership, or by duly authorized committees thereof, relating to, among other matters, (a) the sale and issuance of the Original Securities, (b) the issuance of the Exchange Securities, (c) the guarantee of the Original Securities by the Company, and (d) the Exchange Securities Guarantee, certified as of the date hereof by an officer of the Company;

9. The Purchase Agreement;

10. The Indenture, dated as of January 28, 2010 (the “Indenture”), by and among the Operating Partnership, the Company and Wilmington Trust FSB;

11. The Exchange Securities Guarantee by the Company, contained in the Indenture;

12. A certificate executed by an officer of the Company, dated as of the date hereof; and

13. Such other documents and matters as we have deemed necessary or appropriate to express the opinion set forth below, subject to the assumptions, limitations and qualifications stated herein.


Digital Realty Trust, Inc.

Digital Realty Trust, L.P.

June 25, 2010

Page 3

 

In expressing the opinion set forth below, we have assumed the following:

1. Each individual executing any of the Documents, whether on behalf of such individual or another person, is legally competent to do so.

2. Each individual executing any of the Documents on behalf of a party (other than the Company or the Operating Partnership) is duly authorized to do so.

3. Each of the parties (other than the Company or the Operating Partnership) executing any of the Documents has duly and validly executed and delivered each of the Documents to which such party is a signatory, and such party’s obligations set forth therein are legal, valid and binding and are enforceable in accordance with all stated terms.

4. All Documents submitted to us as originals are authentic. The form and content of all Documents submitted to us as unexecuted drafts do not differ in any respect relevant to this opinion from the form and content of such Documents as executed and delivered. All Documents submitted to us as certified or photostatic copies conform to the original documents. All signatures on all Documents are genuine. All public records reviewed or relied upon by us or on our behalf are true and complete. All representations, warranties, statements and information contained in the Documents are true and complete. There has been no oral or written modification of or amendment to any of the Documents, and there has been no waiver of any provision of any of the Documents, by action or omission of the parties or otherwise.

5. The Exchange Securities, if and when issued, will have substantially identical terms as the Original Securities and be issued in exchange therefor as contemplated by the Indenture, the Purchase Agreement and the Registration Statement.

Based upon the foregoing, and subject to the assumptions, limitations and qualifications stated herein, it is our opinion that:

1. The Company is a corporation duly incorporated and validly existing under the laws of the State of Maryland and is in good standing with the SDAT. The Operating Partnership is a limited partnership duly formed and existing under and by virtue of the laws of the State of Maryland and is in good standing with the SDAT.

2. The execution, delivery and performance of its obligations under the Indenture have been duly authorized by all necessary corporate action of the Company and all necessary partnership action of the Operating Partnership. The Exchange Securities have been duly authorized for issuance by the Operating Partnership. The Exchange Securities Guarantee has been duly authorized by the Company.

3. The Indenture has been duly executed and delivered by the Company and the Operating Partnership.


Digital Realty Trust, Inc.

Digital Realty Trust, L.P.

June 25, 2010

Page 4

 

The foregoing opinion is limited to the laws of the State of Maryland and we do not express any opinion herein concerning any other law. We express no opinion as to compliance with the securities (or “blue sky”) laws or the real estate syndication laws of the State of Maryland. We note that the Indenture is governed by the laws of the State of New York. To the extent that any matter as to which our opinion is expressed herein would be governed by the laws of any jurisdiction other than the State of Maryland, we do not express any opinion on such matter. The opinion expressed herein is subject to the effect of judicial decisions which may permit the introduction of parol evidence to modify the terms or the interpretation of agreements.

We assume no obligation to supplement this opinion if any applicable law changes after the date hereof or if we become aware of any fact that might change the opinion expressed herein after the date hereof.

This opinion is being furnished to you for submission to the Securities and Exchange Commission as an exhibit to the Registration Statement. Latham & Watkins LLP, counsel to the Company, may rely on this opinion in connection with any opinions to be delivered by it in connection with the Exchange Securities. We hereby consent to the filing of this opinion as an exhibit to the Registration Statement and to the use of the name of our firm therein. In giving this consent, we do not admit that we are within the category of persons whose consent is required by Section 7 of the 1933 Act.

Very truly yours,

/s/ Venable LLP