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Cell Tower, Data Center REITs Lead Surge in Fundraising

Three Companies Make Up Third of Second Quarter's $24 Billion in Debt Offerings
Real estate investment trusts that own cell towers led a June rise in fundraising. (Getty Images)
Real estate investment trusts that own cell towers led a June rise in fundraising. (Getty Images)

Real estate investment trusts specializing in data centers and cell towers led a burst of fundraising in June as investors bet that the pandemic-induced rise in remote working and other internet activities will further whet the appetite for data and wireless telecommunications.

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