Crown Castle Doing Well as a REITComments Off on Crown Castle Doing Well as a REIT
Crown Castle is considered a newcomer to the REIT world, since they only began operating as such at the beginning of 2014, but analysts regard them as a heavyweight in the sector citing a good long-term outlook. “The secular growth trends in the tower industry are very impressive compared to most traditional types of real estate,” says Jim Sullivan, a managing director at real estate research firm Green Street Advisors. “The demand story for cell towers is as good a story as there is in the real estate business.” (Source: REIT.com) September 2013, Crown Castle decided to covert to REIT status following American Towers’ conversion in 2012. Continue reading here.