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StratCap Digital REIT NAV Slips 2.2% as Second Data Center Executive Departs
StratCap Digital Infrastructure REIT reported September 30 NAV of $109.7 million, down from $112.2 million in June, AltsWire reports. Class I NAV per share fell from $9.6357 to $9.4278. The valuation update coincided with disclosure that Chris Flynn resigned from his data-center investment role at the adviser and sponsor on September 30.
The company said Flynn's departure did not involve a disagreement; he will provide specified transaction consulting under a separate agreement. His resignation followed Bryan Marsh's July departure. StratCap ended its strategic review in September without a sale, while distributions remained suspended and repurchases partly suspended. No decision to pursue the additional transactions under consideration had been announced.
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