I already hold this in real life and am deciding if I want to add more to the portfolio through the capital raise 

Has been a good performer so far (27% PA) for what I intended to be a slightly riskier REIT / Property play than your standard commercial / industrial plays.  

I like the thematic that a data centre is a long term asset which will have demand well into the future.  

Management has been strong to date and I think the departure of 360 Capital is nothing more than its not really where their strategy has them focussed anymore and they want to cash in after setting it up.  

The capital raise is not significant discounted at the moment ($1.93 vs $1.95) so monitoring the share price now in the run up to having to decide by Fri 8 OCT if I participate or not.  I was intending to add to it prior to the announcement of the capital raise and am just waiting to seee the most efficient path.  I currently have an order in the system and waiting to see if it hits.

My simple valuation  of $2.15 is based on an earnings multiple of  15 which I believe is a reasonable multiple for a small and relatively illiquid developer / property manager in a high growth property area.  I expect it will start to get more attention as it continues to grow and I am looking at a 5yr+  investment timeframe as it is in my SMSF. 

I expect there will be more capital raises ahead.