Tract

What Tract does

Tract is a Denver-based data center land acquisition and development firm that creates shovel-ready development sites for hyperscale and wholesale data center operators. The company acquires raw land, secures pre-positioned power, fiber, zoning, and entitlements, and then sells or leases these master-planned campuses to hyperscalers (Amazon, Microsoft, Google, Meta) and wholesale data center developers. Tract's portfolio spans over 25,000 acres and 25+ GW of planned capacity across 15 projects in seven US states (Nevada, Texas, Arizona, Virginia, Utah, Iowa, Illinois), with named projects including Peru Shelf (810MW), South Valley (1,215MW), Caldwell Valley (4GW), Morris Technology Park (1GW), and Buckeye Technology Park (1.8GW).

Tract's core technology is not a software platform but a master-planned real estate development model: pre-positioning utility infrastructure (notably the FERC-approved Transmission Security Agreement with ComEd), zoning, and fiber before customer engagement. The company differentiates through an exclusive renewable energy collaboration with Silicon Ranch and has built dedicated teams for utility development, entitlements, and regulatory affairs. Revenue is generated through one-time land transaction fees, development services, and ground leases, with pricing custom-negotiated per project via multi-year enterprise agreements with hyperscalers and wholesale operators.

Tract operates as a portfolio company under Tract Capital Management, LP, led by founder Grant van Rooyen, a 28-year digital infrastructure veteran who previously founded Cologix and led the Teraco acquisition. The company launched Fleet Data Centers as a subsidiary in January 2025, with $4.6 billion in senior secured notes closed for its first 500 MW+ build-to-suit megacampus. Tract has expanded operations into Europe through a dedicated Tract Europe team and pursues a master-planned, capital-intensive land banking model that competes on speed-to-market and entitlement certainty rather than on technology differentiation.

Name

Tract

Legal name

Tract

Website

https://tract.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

Tract is a Denver-based data center land developer that acquires, zones, and entitles master-planned campuses with pre-positioned power and fiber for hyperscale and wholesale data center operators. Its portfolio spans over 25,000 acres and 25+ GW of planned capacity across seven US states.

Ownership category

akta.pro rank

Product category

Data Center Real Estate Development

NAICS

Land Subdivision (23721), Land Subdivision (237210)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Data Center Site Development & Permitting (Land, Zoning, Utilities) (HDABACAM)

akta.pro secondary industries

Data Center & Digital Infrastructure Site Brokerage (BPAJACAE), Data Center Real Estate (REITs) & Leasing (HDABACAL)

Keywords

• Data center development
• Real estate development
• Land acquisition services
• Site selection services
• Infrastructure development

Headquarters

HQ city

Denver

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D

Revenue model

1. Land development and site sales: Tract acquires raw land, invests in improvements (zoning, entitlements, infrastructure), and sells or leases development-ready sites to hyperscalers and data center developers. Revenue is generated through land transaction fees, development services, and potentially long-term ground leases with data center operators.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Core offering

Tract acquires raw land and develops master-planned, shovel-ready data center parks by pre-positioning power, fiber, zoning, and entitlements for hyperscale and wholesale data center operators. The company controls over 25,000 acres across 15 projects in 7 states with planned capacity exceeding 25 GW. Tract sells or leases these development-ready sites through custom multi-year enterprise agreements.

Product overview

Tract is a master-planned data center land development company that acquires, zones, entitles, and develops shovel-ready data center campuses for hyperscale and wholesale data center operators. The company's core offering consists of master-planned data center parks that pre-position power, fiber, zoning, water, and entitlements to provide faster build cycles with lower risk. Tract's portfolio includes multiple named project sites across the United States: Peru Shelf (686 acres, 810MW), South Valley (1,534 acres, 1,215MW), and Virginia Highlands (8,590 acres, 2,500MW) in Nevada; Caldwell Valley (~3,000 acres, 4GW) in Texas; Morris Technology Park (343 acres, 1GW) in Illinois; Buckeye Technology Park (2,069 acres, 1.8GW) in Arizona; Altoona (468 acres, 1,000MW) in Iowa; and Pole Canyon (844 acres, 1,700MW) in Utah. The company operates through strategic partnerships, including an exclusive renewable energy collaboration with Silicon Ranch for solar and battery storage projects supporting data center operations.

Differentiator

Problem solved

Functional benefit

Brands

• Fleet Data Centers: A subsidiary of Tract specializing in 500 MW+ build-to-suit megacampuses, launched by Grant van Rooyen in January 2025

Products and services

• Master-Planned Data Center Parks Tract's core offering: master-planned, shovel-ready data center parks with pre-positioned power, fiber, zoning, and entitlements. Sold or leased to hyperscale and wholesale data center developers to enable faster build cycles with lower risk.
• Peru Shelf Technology Park 686-acre master-planned data center park in Storey County, Nevada at Tahoe Reno Industrial Center with 810 MW capacity.
• South Valley 1,534-acre data center development site in Nevada with 1,215 MW capacity.
• Virginia Highlands 8,590-acre data center park in Storey County, Nevada with 2,500 MW capacity.
• Caldwell Valley Technology Park Nearly 3,000-acre technology park in Caldwell County, Texas between Austin and San Antonio, supporting more than 4GW of data center capacity with onsite substation and natural gas resources.
• Morris Technology Park 343-acre data center campus south of Aurora, Illinois with 1GW capacity at full build-out, 2.9M square feet, transmission capacity secured with ComEd via TSA.
• Buckeye Technology Park 2,069-acre data center technology park in Buckeye, Arizona anticipated to support up to 20 million square feet of data center space across up to 40 individual data centers with up to 1.8GW.
• Altoona Technology Park 468-acre technology park in Altoona, Iowa supporting 1,000 MW of data center capacity.
• Pole Canyon 844-acre technology park in Utah with 1,700 MW capacity.
• Applewhite 339-acre data center site in Texas with 720 MW capacity.
• Medina Technology Park 265-acre data center site in Texas with 500 MW capacity.
• Peru Ridge 517-acre data center site in Nevada with 230 MW capacity.
• Sapphire 1,063-acre data center site in Nevada with 700 MW capacity.
• Fleet Data Centers (Subsidiary) Subsidiary of Tract Capital specializing in 500 MW+ build-to-suit megacampuses, launched by Grant van Rooyen in January 2025. Provides dedicated hyperscale data center build-to-suit developments.

Quantifiable outcome

• Shorter development cycles with lower risk for data center developers through pre-positioned sites
• +3 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered core and supporting.

• Bluebonnet and LCRAcoreStrategic or Co-development Partner · 13 January 2026Partnership with Bluebonnet and LCRA (Lower Colorado River Authority) for planning an onsite substation at Caldwell Valley Technology Park capable of scaling to 1.6GW, with first 250MW contracted for delivery Q1 2028.
• The Timmons GroupsupportingImplementation/ SI/ Consulting Partner · 8 May 2024Professional services firm supported Tract in the entitlements process for the Hanover County, Virginia data center project.
• Hirschler Fleischer, PCsupportingImplementation/ SI/ Consulting Partner · 8 May 2024Law firm supported Tract in the transaction process for the Hanover County, Virginia data center project.
• Silicon RanchcoreStrategic or Co-development Partner · 23 January 2024Exclusive collaboration agreement to marry advanced renewable projects with entitled, shovel-ready data center sites. Silicon Ranch initiates site acquisition and interconnection processes for utility-scale solar and battery projects exceeding 500MW to directly support the scale and timing of data centers on Tract campuses in Nevada and Utah. First-of-its-kind collaboration to coordinate location and timing of renewable generation as part of data center development process.
• Commonwealth Edison (ComEd)coreStrategic or Co-development PartnerExecuted Transmission Security Agreement (TSA) with ComEd to support 1GW at full build-out for Morris Technology Park. Agreement facilitates grid infrastructure for large data center campus while ensuring reliability and isolating cost from ratepayers.
• Marchetti Properties, Square Holding LLC, Tyson Farms Inc., and the TribblessupportingStrategic or Co-development PartnerJoint venture partners for the Mountain Road Technology Park project in Hanover County, Virginia, which was ultimately rejected by local officials.
• VALCO Goochland, LLCsupportingStrategic or Co-development PartnerTract affiliate entity filing pre-application for conditional use permit for Tuckahoe Technology Park in Goochland County, Virginia.

Scale indicators13 records

Recent moves16 records

Expansion highlights7 records

Direct peers

• Compass Datacenters: Hyperscale data center developer focused on modular, customer-driven campuses with deep U.S. site acquisition and entitlement expertise. Closely mirrors Tract's land-banking, pre-positioned infrastructure approach.
• Stack Infrastructure: Independent data center developer operating hyperscale campuses in the Americas with a build-to-suit model. Most directly comparable to Tract in focusing on purpose-built, large-scale, powered-shell campuses for hyperscale tenants.
• T5 Data Centers: Custom, hyperscale, and wholesale data center developer with a build-to-suit model across the U.S. Comparable to Tract in serving enterprise and hyperscale customers with purpose-built facilities and similar land development capabilities.
• EdgeConneX: Specializes in build-to-suit and hyperscale data center campuses across global markets, with expertise in site acquisition and entitlements. Operates as a wholesale developer competing with Tract for hyperscale customers.
• Cologix: Hyperscale and interconnection data center operator also founded by Grant van Rooyen. Closely comparable in operating DNA, though focused on interconnection-rich markets rather than greenfield land development.

Emerging players

• Vantage Data Centers: Major wholesale and hyperscale data center operator expanding rapidly across North America and Europe. Competes with Tract for hyperscale tenants and is among the largest acquirers of powered land; Tract hires include former Vantage personnel.
• Aligned Energy: Hyperscale and wholesale data center operator with adaptive cooling technology and rapid campus expansion. Competes with Tract for hyperscale customers and adjacent in the powered-shell wholesale market.

Broad incumbents

• Equinix: Global colocation and interconnection incumbent. Less of a direct land-development competitor than a hyperscale customer or wholesale buyer of Tract-developed sites.
• QTS Data Centers (Blackstone): One of the largest U.S. wholesale and hyperscale data center operators, now part of Blackstone. Overlaps with Tract in hyperscale leasing but operates an owned-and-operated model rather than a pure land developer model.
• Digital Realty: Global hyperscale and colocation incumbent that acquired 51% of Teraco from Tract's founder. Operates at massive scale across all major markets and overlaps with Tract as a customer and competitor for powered land.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/tractinfra

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tract