Stonepeak Forms Joint Venture with American Tower to Construct a New Data Center in Denver, Colorado

American Tower operates a leading North American interconnection-focused data center platform through its investment in CoreSite, in which Stonepeak holds a minority interest having invested in the platform in 2022. CoreSite operates 28 facilities across 11 U.S. markets and has built an established presence in the growing
Andrew Thomas, Senior Managing Director at Stonepeak, said, “We are excited to continue our long-term partnership with the American Tower and CoreSite teams to help accelerate investment behind key digitalization tailwinds. We believe the CoreSite DevCo JV will immediately benefit from CoreSite’s leading interconnection platform in the fast-growing
Steven Vondran, American Tower’s President and Chief Executive Officer, added, “We are pleased to continue our partnership with Stonepeak in our
Sidley Austin LLP is serving as legal advisor to Stonepeak. Cleary Gottlieb Steen & Hamilton LLP is serving as legal advisor to American Tower, who is also being advised by Sullivan & Worcester LLP with respect to certain REIT and tax matters.
About Stonepeak
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately
About American Tower
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 over 224,000 communications sites and a highly interconnected footprint of
About CoreSite
CoreSite, 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. Its highly interconnected data center campuses offer a native digital supply chain featuring direct cloud onramps to enable its customers to build customized hybrid IT infrastructure and accelerate digital transformation. For more than 20 years, CoreSite’s team of technical experts has partnered with customers to optimize operations, elevate customer experience, dynamically scale, and leverage data to gain competitive edge. For more information, please visit www.coresite.com.
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Stonepeak
Kate Beers / Maya Brounstein
corporatecomms@stonepeak.com
+1 (646) 540-5225
American Tower
Adam Smith
Senior Vice President, Investor Relations and FP&A
investor.relations@americantower.com
+1 (617) 375-7500
CoreSite
Megan Ruszkowski
Vice President of Marketing and Sales Development
Megan.Ruszkowski@CoreSite.com
+1 (720) 446-2014
Source: Stonepeak