Netrality Properties, LP

I'll research this company before drafting the profile.

Netrality Properties, LP ("Netrality Data Centers") is a private, US data-center owner-operator founded in 2015, originally launched as a carrier-hotel venture by Amerimar Enterprises and Hunter Newby. Corporate office listings vary across sources (1688 Meridian Ave., Miami Beach, FL; some outlets cite Kansas City, MO, and older listings show New York, NY). It is not publicly traded. Macquarie Asset Management has held a majority stake since acquiring it from Abrams Capital Management in 2019; as of July 2026 Bloomberg reported TPG in exclusive talks to acquire the company at a $2–3 billion valuation. Headcount is commonly cited at roughly 149–200 employees (PitchBook: 149; Top Workplaces: ~151 US employees); revenue is not publicly disclosed and third-party estimates vary widely and are unverified.

Operations. Netrality owns and operates network-neutral interconnection data centers and Meet Me Rooms in six US markets — Philadelphia, Chicago, St. Louis, Kansas City/Shawnee, Houston, and Indianapolis. Service lines are colocation (cage, cabinet, and private suites), powered shell, and wholesale data center capacity, differentiated by fiber-dense interconnection with no recurring cross-connect fees. The company states its 18 properties total about 3.3 million square feet and more than 100 MW of capacity; notable facilities include 1102 Grand (Kansas City), 1301 Fannin (Houston), 401 N. Broad (Philadelphia), and the KC2-7801 Nieman site opened in 2024. Customers span cloud, network, financial services, healthcare, and media tenants. It is an operating company, not an NPE.

Litigation posture. Netrality appears once in tracked litigation, solely as a defendant (0 plaintiff cases), consistent with an operating company being targeted rather than an asserter. The suit — Key Patent Innovations Ltd. et al. v. Netrality Properties, LP, filed April 2026 in the Northern District of Illinois — was consolidated into MDL No. 3190, centralized in the Eastern District of Texas, a venue favored by patent plaintiffs.

Context. Plaintiffs Key Patent Innovations and Valtrus Innovations are Irish non-practicing entities; Valtrus was created to monetize data-center patents acquired from Hewlett Packard Enterprise, and the group's affiliated Malikie Innovations bought roughly 32,000 BlackBerry patents in 2023. The MDL groups data-center cooling-patent claims against Netrality and co-defendants including CoreSite, STACK Infrastructure, Prime Data Centers, H5 Data Centers, Iron Mountain, Lumen, and NTT Global Data Centers.