Investments in Unconsolidated Entities (Tables)

9 Months Ended

Sep. 30, 2024

Investments in Unconsolidated Entities.

Summary of Financial Information for Unconsolidated Entities

A summary of the Company’s investments in unconsolidated entities accounted for under the equity method of accounting is shown below (in thousands):

	Balance as of		Balance as of
		September 30, 2024		December 31, 2023
Americas (1)(5)	$	1,425,199	$	1,363,226
APAC (2)		613,748		569,996
EMEA (3)		113,975		28,334
Global (4)		303,526		334,333
Total	$	2,456,448	$	2,295,889

Includes the following unconsolidated entities along with our ownership percentage:

(1) Ascenty (51%), Blackstone (20%), Clise (50%), GI Partners (20%), Mapletree (20%), Menlo (20%), Mitsubishi (35%), Realty Income (20%), TPG Real Estate (20%), and Walsh (85%).

(2) Digital Connexion (33%), Lumen (50%), and MC Digital Realty (50%).

(3) Blackstone (20%), Medallion (60%), and Mivne (50%).

(4) Digital Core REIT (38%).

(5) In May 2024, we liquidated our 17% interest in Colovore, generating gross proceeds of approximately $35 million. We realized a gain of approximately $27 million on our original investments, made in 2015 and 2017. The gain is included within Other income, net on our condensed consolidated income statements.