What does CoreSite realty do?

Company Overview CoreSite Realty Corporation, an American Tower company (NYSE: AMT), provides hybrid IT solutions that empower enterprises, cloud, network, and IT service providers to monetize and future-proof their digital business.

Is CoreSite a REIT?

CoreSite Realty Corporation, a subsidiary of American Tower, owns carrier-neutral data centers and provides colocation and peering services….CoreSite.

Type	Subsidiary
Industry	Real estate investment trust
Founded	2001 (as CRG West)
Headquarters	Denver, Colorado, U.S.
Products	Data centers

Is CoreSite a public company?

In 2010, CoreSite became publicly traded on the New York Stock Exchange (NYSE: COR). Today, CoreSite has 27 operational data centers in ten major communications markets across the United States, serves more than 1,375+ customers and has a portfolio totaling more than 4.6 million square feet of data center space.

How many employees does CoreSite have?

Company Growth (employees)

Employees (est.) (Dec 2020)	481	(+4%)
Job Openings	29
Website Visits (Feb 2022)	29.5 k
Revenue (FY, 2020)	$606.8 M	(+6%)
Share Price (Dec 2021)	$169.4

Who bought CoreSite?

American Tower
American Tower, a Real Estate Investment Trust (REIT) traditionally focused on owning cell towers, acquired CoreSite for $10.1 billion in November 2021. CoreSite operates around 25 data centers across the US.

What happened CoreSite stock?

CoreSite (COR) shares will be delisted and cease trading on the New York Stock Exchange. Each share of COR common stock issued and outstanding prior to the merger will be converted into the right to receive $170.00 per share in cash, the same amount per share paid in the tender offer.

When was CoreSite founded?

CoreSite was founded in 2001 as CRG West, a subsidiary of the Carlyle Group. The company’s founding assets were two of the West Coast’s first carrier hotels, One Wilshire in Los Angeles, and the Market Post Tower (now called Tower 55, but referred to by CoreSite as SV1) in San Jose.

Why did American Tower buy CoreSite?

American Tower’s CoreSite acquisition was driven by the company’s view on the importance of interconnection capabilities, cloud on-ramps, and the future network relationships between the cloud, Edge, and mobile.

Who bought Cyrus one?

KKR & Global Infrastructure Partners
KKR & Global Infrastructure Partners have closed on their acquisition of CyrusOne, taking the company private. The two firms last year announced they were acquiring the Nasdaq-listed colocation firm for $15 billion – the largest M&A deal in data center industry history.

Is Cor a buy?

The VGM score is based on the trading styles of Growth, VAlue, and Momentum….Momentum Scorecard. More Info.

Zacks Rank	Definition	Annualized Return
1	Strong Buy	25.08%
2	Buy	18.56%
3	Hold	10.15%
4	Sell	5.79%

Who acquired CoreSite?

American Tower Corp.
American Tower Corp. (NYSE: AMT) announced December 28 it has closed the previously announced acquisition of CoreSite Realty Corp. (NYSE: COR; see “American Tower expands data center ambitions with CoreSite acquisition agreement”). The company paid $170.00 per share in cash for its new assets.

How many customers does American Tower have?

Strong high-quality customer base, with more than 1,370 customers including global enterprises, mobile network operators, and cloud service providers.

Who founded CyrusOne?

David Ferdman
CyrusOne

Type	Privately held company
Founded	July 2000
Founder	David Ferdman Larry Bursten
Headquarters	Dallas, Texas
Key people	Alex Shumate, Chairman David Ferdman, Interim CEO and President Katherine Motlagh, CFO

What happened to COR stock?

AMT intends to complete the acquisition of COR through a merger of its wholly subsidiary, Appleseed Merger Sub, with COR on Tuesday, the company says. CoreSite (COR) shares will be delisted and cease trading on the New York Stock Exchange.

What is COR in the stock market?

Coresite Realty Corp (COR)

Who are CyrusOne competitors?

CyrusOne competitors include Schneider Electric, Internap, Imation, QTS Data Centers and RagingWire.