Anonymous ID: 078583 June 1, 2020, 4:38 p.m. No.9419977   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>0073

Coresite Realty Grp sold by Carlyle Grp: $249.11m-May 28

 

Also a sale on May 7th-Cap#2

 

CoreSite Realty Corp is a real estate investment trust (REIT). The Company, through its controlling interest in CoreSite, L.P. (Operating Partnership), is engaged in the business of owning, acquiring, constructing and operating data centers. Its data centers are located across the United States, including the San Francisco Bay area, Los Angeles, the Northern Virginia area (including Washington D.C.), the New York area, Boston, Chicago, Denver and Miami. Its property portfolio includes approximately 23 operating data center facilities, office and light-industrial space and multiple potential development projects that collectively comprise over 4.6 million net rentable square feet (NRSF). It provides data center, cloud access and interconnection solutions to enterprises, network operators, cloud providers, and supporting service providers. Number of employees : 464 people.

https://www.marketscreener.com/CORESITE-REALTY-CORPORATI-6645638/company/

https://www.finviz.com/insidertrading.ashx?oc=1548624&tc=7

 

What Is a Real Estate Investment Trust (REIT)?

 

-A real estate investment trust (REIT) is a company that owns, operates, or finances income-producing properties.

-REITs generate a steady income stream for investors but offer little in the way of capital appreciation.

-Most REITs are publicly traded like stocks, which makes them highly liquid (unlike physical real estate investments).

-REITs invest in most real estate property types, including apartment buildings, cell towers, data centers, hotels, medical facilities, offices, retail centers, and warehouses.

https://www.investopedia.com/terms/r/reit.asp