{"id":"43a07716-a21a-44dc-96de-1421aa5d186b","slug":"compass-red-oak-dfw3-ellis-texas","name":"Compass Datacenters Red Oak Campus (DFW III)","aliases":["Compass DFW III","Red Oak Datacenter","DFW III-I"],"locationId":"f17d7a76-5c4c-47f8-9212-02fb349fac61","lat":32.540934,"lng":-96.80180215,"locationPrecision":"exact","landStatus":"private","lifecycleState":"partially_energized","powerSourceMix":"grid","interconnectionQueueStatus":null,"interconnectionQueueId":null,"expectedEnergizationDate":null,"dedicatedSubstation":null,"gridOperator":"ERCOT","waterSourceNotes":"Closed-loop water-cooling system that is not connected to the city utility line and, per city staff, uses less water annually than a Walmart Supercenter.","servingUtility":null,"acreage":300,"totalBuildingSqft":null,"streetAddress":null,"notes":"Compass Datacenters' Red Oak campus in Ellis County holds TCEQ operating permits (Red Oak Datacenter / DFW III) and is planned for ~360 MW across ~10 buildings on 300 acres; five buildings came online 2024-2025 fully leased to a single tenant, with three more added via a 2026 refinancing. The single tenant is not publicly named.","keyFacts":[{"label":"$326M refi on five Red Oak buildings (reported)","value":"Connect CRE reports Compass Datacenters secured a $326 million fixed-rate refinancing backed by five hyperscale data centers in Red Oak, Texas, with Wilmington Trust as financing provider, KeyBank as servicer, and maturity set for 2050. It states the five facilities came online between 2024 and 2025, are fully occupied by a single unnamed tenant, and total 180 MW with N+1 redundancy and air cooling, with Oncor supplying power via two on-campus substations ([Connect CRE](https://www.connectcre.com/stories/compass-datacenters-lands-refi-on-5-red-oak-facilities-to-add-three-more/))","sourceUrl":"https://www.connectcre.com/stories/compass-datacenters-lands-refi-on-5-red-oak-facilities-to-add-three-more/"},{"label":"Campus buildout claim 10 buildings / 360 MW (reported)","value":"Connect CRE, citing Dallas Business Journal reporting, says Compass hopes to add three more adjacent facilities with combined construction cost of about $300 million, and that upon full build-out the campus is expected to total 10 buildings across 300 acres with 360 MW of capacity (treat as reported campus plan, not a Compass primary release) ([Connect CRE](https://www.connectcre.com/stories/compass-datacenters-lands-refi-on-5-red-oak-facilities-to-add-three-more/))","sourceUrl":"https://www.connectcre.com/stories/compass-datacenters-lands-refi-on-5-red-oak-facilities-to-add-three-more/"},{"label":"Lease / per-building IT load (reported via DBRS)","value":"American Banker's Asset Securitization Report, citing Morningstar DBRS, says the five Red Oak properties collateralizing Compass Datacenters Issuer II have 180 MW of critical IT load (36 MW each), were completed 2024-2025 for one hyperscale occupant on a 15-year lease with maturity dates into 2040, 2.0% annual rent increases, and three extension options that can stretch the original term to 30 years; DBRS also notes modular construction that can go up to 50 MW per building with Oncor ([ASR / American Banker](https://asreport.americanbanker.com/news/compass-datacenters-raises-326-million-from-five-buildings))","sourceUrl":"https://asreport.americanbanker.com/news/compass-datacenters-raises-326-million-from-five-buildings"}],"reviewStatus":"reviewed","sources":[{"url":"https://www.connectcre.com/stories/compass-datacenters-lands-refi-on-5-red-oak-facilities-to-add-three-more/","date":"2026-01-01","title":"Compass Datacenters Lands Refi on 5 Red Oak Facilities to Add Three More","publisher":"Connect CRE"},{"url":"https://cleanview.co/data-centers/texas/787/dfw---red-oak","date":"2026-01-01","title":"DFW - Red Oak (facility profile)","publisher":"Cleanview"},{"url":"https://www.dallasobserver.com/news/red-oak-data-center-meets-community-resistance-40674118/","title":"Red Oak Data Center Meets Community Resistance","sourceName":"Dallas Observer"},{"url":"https://asreport.americanbanker.com/news/compass-datacenters-raises-326-million-from-five-buildings","title":"Compass Datacenters raises $326 million from five buildings","publisher":"Asset Securitization Report / American Banker"}],"reviewNote":null,"createdAt":"2026-08-17T20:23:55.277Z","updatedAt":"2026-09-29T04:42:46.277Z","location":{"id":"f17d7a76-5c4c-47f8-9212-02fb349fac61","name":"Red Oak","slug":"red-oak-texas","kind":"city","parentLocationId":"45f67762-10f4-4255-be84-45c73efe25f9","region":"Texas","lat":32.5143898,"lng":-96.8066615,"reviewStatus":"reviewed","aliases":[],"collisionRisk":"high","reviewNote":null,"createdAt":"2026-08-17T20:23:54.879Z","updatedAt":"2026-08-21T03:20:12.226Z"},"parties":[{"id":"b07f10da-a036-4533-aeeb-215d0ce8d7b2","dataCenterId":"43a07716-a21a-44dc-96de-1421aa5d186b","companyId":"5afe3742-2b97-4907-82c6-daeb2158c910","externalName":"Compass Datacenters","role":"developer","structureNotes":"Entity Compass Datacenters DFW III, LLC","createdAt":"2026-08-17T20:23:56.511Z","company":{"id":"5afe3742-2b97-4907-82c6-daeb2158c910","name":"Compass Datacenters","slug":"compass-datacenters"}},{"id":"12360a4e-479a-40db-97e1-0ca9e9266b1f","dataCenterId":"43a07716-a21a-44dc-96de-1421aa5d186b","companyId":null,"externalName":"Hilco Electric Cooperative","role":"utility","structureNotes":"Grid power provider to the Red Oak (DFW III) campus at 300 Houston School Road; TCEQ Federal Operating Permit O4679","createdAt":"2026-08-19T00:15:40.769Z","company":null}],"capacityClaims":[{"id":"291171ba-3c0c-41be-8149-fd0c7ab5f707","dataCenterId":"43a07716-a21a-44dc-96de-1421aa5d186b","series":"announced","valueGw":0.36,"asOf":"2025-06-01T00:00:00.000Z","sourceUrl":"https://cleanview.co/data-centers/texas/787/dfw---red-oak","sourceType":"tracker","evidenceTier":"claimed","supersedesId":null,"note":"Full buildout: 10 buildings, 360 MW, across ~300 acres (tracker)","createdAt":"2026-08-19T00:15:38.012Z"},{"id":"fd0cd86f-3aff-4dcf-9403-635690426aec","dataCenterId":"43a07716-a21a-44dc-96de-1421aa5d186b","series":"energized","valueGw":0.36,"asOf":"2026-01-01T00:00:00.000Z","sourceUrl":"https://cleanview.co/data-centers/texas/787/dfw---red-oak","sourceType":"permit","evidenceTier":"reported","supersedesId":null,"note":"360 MW planned full campus; portion already online","createdAt":"2026-08-17T20:23:55.968Z"},{"id":"223b68cc-f137-47e2-95b1-fefe9e6d6202","dataCenterId":"43a07716-a21a-44dc-96de-1421aa5d186b","series":"energized","valueGw":0.18,"asOf":"2025-06-01T00:00:00.000Z","sourceUrl":"https://baxtel.com/data-center/compass-red-oak-campus","sourceType":"tracker","evidenceTier":"claimed","supersedesId":null,"note":"Five buildings online 2024-2025, single-tenant leased; ~180 MW existing per trackers","createdAt":"2026-08-19T00:15:38.852Z"}],"financialClaims":[{"id":"2b098375-cc5f-49c3-a3c5-10cc1ed9a670","dataCenterId":"43a07716-a21a-44dc-96de-1421aa5d186b","kind":"capex","label":"DFW III expansion (up to 3 additional buildings)","valueUsd":"300000000","capUsd":null,"conditions":"Combined construction cost of up to three more facilities announced Sept 2024","asOf":"2024-09-27T00:00:00.000Z","sourceUrl":"https://therealdeal.com/texas/dallas/2024/09/27/compass-datacenters-invests-another-300m-south-of-dallas/","sourceType":"journalist_report","evidenceTier":"reported","createdAt":"2026-08-19T00:15:39.239Z"}],"metricClaims":[{"id":"eb9dd031-4ca6-46cb-9cf1-2cfa68edc6f9","dataCenterId":"43a07716-a21a-44dc-96de-1421aa5d186b","metricType":"cooling_type","valueNumeric":null,"valueText":"Air-cooled, N+1 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