365 Data Centers and Carter Funds Partner to Develop 200MW of U.S. Data Center Capacity
May 7, 2026
365 Data Centers and Carter Funds Partner to Develop 200MW of U.S. Data Center Capacity
Data center developer and operator 365 Data Centers has entered into a strategic partnership with Aphorio Carter, the data center division of real estate firm Carter Funds, to develop 200 megawatts of data center capacity across the United States. The collaboration marks a significant push to convert and develop high-density facilities in key markets, addressing growing demand from cloud and AI workloads.
Announced on May 6, the partnership aims to identify, convert, and develop a portfolio of high-density data center facilities. The companies have already initiated letters of intent for properties in Aurora, Colorado, and Simpsonville, Kentucky, with both sites expected to come online within nine to 24 months. Additional letters of intent are being pursued for sites in Trumbull, Connecticut; Louisville, Kentucky; Harrisonburg, Virginia; and Columbus, Ohio.
The Simpsonville site, located at 70 Kingbrook Parkway in the Kingbrook Commerce Park, spans 21 acres, while the Louisville site at 12901 Plantside Drive in the Blankenbaker Station Business Park occupies 30 acres. Each facility currently supports up to 1 megawatt of capacity, with plans for significant expansion under the new development framework. Although exact locations for some sites were not disclosed, Aphorio Carter recently acquired two enterprise data centers in Simpsonville and Louisville, matching the locations mentioned in the joint announcement. Images provided by Aphorio Carter in its press release align with those from power management company Eaton, though the identity of the former operator was not revealed.
365 Data Centers, founded in 2014 and initially built from a group of Switch and Data facilities, now operates more than 20 data centers across the U.S. with approximately 53MW of total capacity. The company underwent a leadership transition in October 2025, when former CEO Bob DeSantis retired and former chief revenue officer Derek Gillespie assumed the role of CEO. Aphorio Carter, meanwhile, currently holds 11 properties totaling more than 1 million square feet, according to its website. Carter Funds, its parent company, maintains a diversified commercial real estate portfolio that includes residential development, medical manufacturing, logistics, and industrial properties.
The partnership reflects a broader industry trend of real estate and data center specialists joining forces to accelerate capacity deployment in secondary U.S. markets. By leveraging existing enterprise facilities and targeting sites with available power and fiber infrastructure, the companies aim to shorten development timelines in an environment where new construction faces increasing constraints. The use of letters of intent, which are non-binding agreements similar to memoranda of understanding, allows both parties to secure site options while finalizing formal contracts and development timelines.
Source: datacenterdynamics
