CenterSquare Investment Management is a global real estate investment manager with activity across public and private real assets. Its data center involvement includes a growth equity investment in Aligned Data Centers, announced in 2024, to support development across the United States and Latin America for cloud, AI and enterprise workloads. CenterSquare later announced the sale of its Aligned investment as part of a consortium acquisition valuing Aligned at $40 billion in 2025. The company also identifies data centers as an important private real estate investment sector, focusing on opportunities requiring power sourcing, cooling infrastructure and hyperscaler relationships. Its role is primarily financial investment rather than direct data center operation.