GenX Capital Partners To Underwrite An Additional $20 MILLION Equity Investment That Could Produce Significant Outsized Long-Term Gains
In the rapidly evolving landscape of artificial intelligence (AI), one thing is clear: data centers are the new backbone of innovation. As demand for high-capacity, energy-efficient data storage and processing solutions continues to outstrip supply, an unexpected contender has emerged in Northern Maine. The sprawling 2.4-million-square-foot Loring Air Force Base, now branded as Green 4 Maine, is poised to become a critical hub for AI-driven data center development. What sets this project apart isn’t just its scale but its compelling combination of in-place cash flow, existing infrastructure, and strategic location, making it an enticing opportunity for seasoned investors seeking a high-growth, low-risk asset in a burgeoning market.
From Military Base to AI Hub Once a bustling military installation, the Loring Air Force Base is undergoing a dramatic transformation. Spearheaded by principals Thomas Manning and Scott Hinkle, the project aims to reposition this historic property into a state-of-the-art data center campus capable of supporting the computational demands of AI. With over 1 million square feet of space ready for activation, an additional 700,000 SF already leased in the total 2.4 million SF project and a proven $1.2 million in annual net operating income (NOI) already in place, Green 4 Maine offers investors a rare opportunity to enter the data center market with significantly mitigated risk and in place cashflow.
“Unlike many speculative developments, this is a project with immediate cash flow,” says Mark McClure, Managing Director at GenX Capital Partners, who is overseeing the $20 million equity placement. “It’s a covered land play, if you will, with significant upside. You have income on day one, but you also have the scalability to transform this site into a premier AI-driven data center hub.”
Infrastructure That Accelerates Development One of Green 4 Maine’s standout features is its ready-made infrastructure. The former military base comes equipped with high-capacity fiber connectivity, substantial power capabilities, and large-scale buildings that drastically reduce the costs and time associated with ground-up development. This “turnkey” setup is a game-changer in a sector where speed to market is critical.
“We’re eliminating so many of the hurdles that typically delay data center projects,” says Thomas Manning. “The buildings are here, the power is in place, and the connectivity is established. We’re not starting from scratch, which gives us a significant edge over other projects in the pipeline.”Moreover, its strategic location near the Canadian border adds an additional layer of appeal. As AI adoption accelerates globally, Green 4 Maine is ideally positioned to serve as a cross-border hub, facilitating data storage and processing for both the U.S. and Canada. This unique geographical advantage could attract major international tenants, further enhancing the project’s value proposition."
$20 Million LP Equity Infusion
The Green 4 Maine project is seeking $20 million in LP equity to unlock its full potential. The funds will be allocated to three critical components:
- Land Acquisition: Securing adjacent acreage for solar and wind energy platforms to drive down operational costs and ensure long-term sustainability.
- Building Rehabilitation: Creating 50 new jobs to meet government economic development metrics that will unlock the approvals.
- Scalability: Activating the additional 1 million square feet of space for data center operations, ensuring consistent and long-term cash flow.
The investor will secure 40% ownership in the project, gaining a substantial stake in both current cash flows and future upside. For seasoned investors, the combination of immediate income and long-term scalability makes this a uniquely attractive opportunity.“This isn’t just a redevelopment project,” McClure emphasizes. “It’s a future-proof asset class. The demand for AI-driven infrastructure is only going to grow, and Green 4 Maine is positioned to capture that growth while offering investors the security of existing cash flow.”
A Proven Model for Success
Green 4 Maine’s approach mirrors the strategies of other high-profile success stories in the data center market.
McClure cites the example of Digital Realty Trust, which transformed legacy office and industrial properties into high-performance data centers.
"By leveraging existing infrastructure, Digital Realty scaled quickly, attracting institutional investors and becoming one of the largest data center REITs globally, with a market cap exceeding $30 billion. Another case study is QTS Realty Trust, which began by repurposing underutilized industrial properties into scalable data centers. The company’s focus on energy efficiency and tenant demand led to a $10 billion acquisition by Blackstone. These examples underscore the value of leveraging existing assets to meet the surging demand for data center infrastructure.“Green 4 Maine replicates these proven fundamentals,” says McClure. “It’s about taking an asset with in-place cash flow and scaling it to meet a market that is only going to expand. The renewable energy integration and cross-border potential make it even more compelling.”
Renewable Energy Integration:
A Cost-Saving AdvantageEnergy efficiency is a cornerstone of the Green 4 Maine project. Developers have secured a partnership with a solar energy provider to supply power at 8 cents per kilowatt-hour (kWh)—a dramatic reduction from the regional average of 22 cents per kWh. This cost advantage not only enhances tenant profitability but also positions Green 4 Maine as a sustainable alternative in a sector where energy costs are a critical factor.For data center tenants, the availability of low-cost, renewable energy is a game-changer. As companies increasingly prioritize sustainability, Green 4 Maine’s commitment to renewable energy could become a major differentiator in attracting long-term leases.“Energy costs are one of the biggest operational challenges for data centers,” says Scott Hinkle. “By integrating renewable energy at a fraction of the cost, we’re not just reducing expenses—we’re making this a destination for companies that value sustainability and profitability.”
Why Investors Are Taking Notice
The AI-driven data center market is experiencing explosive growth, fueled by advancements in machine learning, natural language processing, and other AI applications. Green 4 Maine offers several key advantages that make it a standout investment opportunity:
- In-Place Cash Flow: The site ALREADY generates $1.2 million in NOI annually, providing immediate income and mitigating risk.
- Turnkey Infrastructure: Ready-made facilities eliminate the costly delays associated with new development.
- Future Scalability: Over 1 million square feet (49 building) of space is primed for conversion to meet tenant demand.
- Strategic Location: Its proximity to Canada enhances its appeal as a cross-border data hub.
- Renewable Energy Integration: Ultra-competitive energy costs attract eco-conscious tenants and drive long-term profitability.
“This is a rare combination of current income and future growth,” McClure notes. “For investors, it’s an opportunity to participate in a market with extraordinary upside while enjoying the security of an asset that’s already generating revenue.”
Positioned for Long-Term Growth
Green 4 Maine’s transformation is more than a redevelopment—it’s a strategic pivot into one of the most dynamic sectors of commercial real estate. By aligning with the needs of the AI industry and prioritizing energy efficiency, the project sets itself apart as a forward-thinking solution in an increasingly competitive market. As the AI revolution accelerates, the infrastructure supporting it will become some of the most valuable real estate in the world. For private equity and commercial real estate investors, the chance to secure 40% ownership in a project that blends immediate income with long-term scalability is a compelling proposition.
“Green 4 Maine isn’t just about what’s possible tomorrow,” McClure concludes. “It’s about what’s already happening today. This is an opportunity for a fund to invest in a future-proof asset with the added benefit of in-place cash flow". For more information email Mark McClure at Mark@GenXCP.com