Houlihan Lokey Advises American Tower

Houlihan Lokey is pleased to announce that it has advised American Tower Corp. (NYSE:AMT) on its approximately $10.1 billion acquisition of CoreSite Realty Corp. (NYSE:COR). The acquisition of CoreSite is one of the largest data center transactions in recent history. Houlihan Lokey also served as exclusive financial advisor to American Tower on its acquisition of DataSite in October 2021. The transaction closed on December 28, 2021.

Through CoreSite, American Tower has acquired a portfolio of differentiated, highly interconnected data center facilities, with critical cloud on-ramps, across eight key U.S. metro areas. As 5G deployments and wireless and wireline convergence accelerate, American Tower expects the portfolio to deliver strong future growth while enhancing the value of its existing tower real estate through emerging edge compute opportunities.

American Tower, one of the largest global REITs, is a leading independent owner, operator, and developer of multitenant communications real estate with a portfolio of approximately 219,000 communications sites and a highly interconnected footprint of U.S. data center facilities.

CoreSite delivers secure, high-uptime data center campuses with high-performance cloud access and interconnection solutions to a growing customer ecosystem across eight key North American markets. More than 1,370 of the world’s leading enterprises, network operators, cloud providers, and supporting service providers choose CoreSite to connect, protect, and optimize their performance-sensitive data, applications, and computing workloads.