RedBird Capital Partners and Next Tier HD Announce Creation of Next Tier Connect
Formation of New Investment Platform to Acquire and Operate Specialized Mission Critical Real Estate and Data Center Properties
RedBird Capital Partners (“RedBird”) and Next Tier HD (“Next Tier”) are pleased to announce the formation of real estate investment and management platform, Next Tier Connect. Next Tier Connect will seek to acquire mixed-use mission critical real estate properties and data center related properties across the United States.
“Next Tier Connect is a significant evolution of our relationship with RedBird and creates a unique investment platform to acquire, optimize and manage a diversified national portfolio of select real estate and mission critical properties,” said David Spiewak, Next Tier’s Managing Principal. “We look forward to working with the RedBird team to pursue select opportunities that line-up well with the strategic investment objectives of both institutions and develop a portfolio of exceptional properties.”
“We have always been impressed with David and his team’s ability to identify and optimize off-market assets within the data center and mission-critical real estate sectors,” said Tyler Alexander, Principal at RedBird. “Next Tier brings an impressive track record as a hands-on operator who truly understands the underlying tenant and customer needs. RedBird is excited to formalize our partnership and create a scale platform, consistent with our investment model across communications infrastructure.”
About Next Tier HD
Based in New York, NY with offices in the Washington DC area as well as West Palm Beach, FL Next Tier HD is among a small group of premier investment, management and services firms that focus primarily on Mission Critical Real Estate and Data Centers. The Company was formed in 2012 and is led by James Coakley, Kevin Reardon and David Spiewak. Next Tier brings a unique mix of experience and expertise to focus on creating outsized value in all aspects of its opportunistic business strategy.
About RedBird Capital Partners
RedBird is a principal investment firm focused on providing flexible, long-term capital to help entrepreneurs grow their businesses. Based in New York and Dallas, RedBird seeks investment opportunities in growth-oriented private companies in which its capital, investor network and strategic relationships can help business owners achieve their corporate objectives. Since its inception in 2014, RedBird has led over $2 billion of equity and co-investments, connecting patient capital with business founders and entrepreneurs to help them outperform operationally, financially and strategically. For more information, please go to www.redbirdcap.com.