ADIA Completes Acquisition of 40% Stake in Landmark Dividend Alongside DigitalBridge

DigitalBridge Group, Inc. (NYSE: DBRG) (“DigitalBridge”), a leading global alternative asset manager dedicated to investing in digital infrastructure, today announced that a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) has completed the acquisition of a 40% stake in DigitalBridge portfolio company Landmark Dividend LLC (“Landmark”).

The investment, previously announced on November 1, 2023, was completed alongside DigitalBridge-sponsored vehicles to support the continued expansion of Landmark’s real estate and infrastructure growth platform.

Tim Brazy, Chief Executive Officer at Landmark Dividend, said, “We are pleased to complete this important transaction. Our partnership with DigitalBridge and ADIA allows us to expand our portfolio in strategic locations and better serve our customers by providing them with access to a broader range of high-quality assets.”

"Landmark's position as a leader in acquiring and developing real estate and infrastructure, coupled with its reputation, has enabled the company to pioneer innovative solutions and drive industry standards. We are pleased to support Landmark’s continued growth,” said Khadem AlRemeithi, Executive Director of the Infrastructure Department at ADIA. “This acquisition further underscores ADIA’s ambition to bolster our investments in digital infrastructure in the United States."

Steven Sonnenstein, Senior Managing Director at DigitalBridge and Chairman of the Board at Landmark, said, "We are thrilled to welcome ADIA as a strategic partner. Together, we are well-positioned to capitalize on the exciting opportunities ahead."

TAP Advisors served as financial advisor to DigitalBridge, and Simpson Thacher & Bartlett LLP served as legal advisor to DigitalBridge. Gibson Dunn & Crutcher LLP served as legal advisor to ADIA.

About ADIA

Established in 1976, the Abu Dhabi Investment Authority (“ADIA”) is a globally diversified investment institution that prudently invests funds on behalf of the Government of Abu Dhabi through a strategy focused on long-term value creation.

For more information: https://www.adia.ae

About DigitalBridge

DigitalBridge (NYSE: DBRG) is a leading global alternative asset manager dedicated to investing in digital infrastructure. With a heritage of over 25 years investing in and operating businesses across the digital ecosystem, including cell towers, data centers, fiber, small cells, and edge infrastructure, the DigitalBridge team manages over $80 billion of infrastructure assets on behalf of its limited partners and shareholders. Headquartered in Boca Raton, Florida, DigitalBridge has key offices in New York, Los Angeles, London, Luxembourg, and Singapore.