REITs in the Community: Rep. Himes Visits CyrusOne

07/22/2019 | by

Rep. Jim Himes (D-CT), center, toured the Norwalk Data Center with CyrusOne's Vice President Robert Crespi, left, and Senior Operations Manager Daniel Moore, right.

July 22, 2019 - Rep. Jim Himes (D-CT), a member of the House Financial Services Committee, visited CyrusOne's (NASDAQ: CONE) Norwalk Data Center in Norwalk, CT, which is the state's largest data center.

The Congressman was briefed on the infrastructure and design of the 150,000 sqft. facility and also discussed the important role REITs serve in the expanding data center and cloud space industries.

(Contact: John Jones at jjones@nareit.com)

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What's a REIT?

REITs, or real estate investment trusts, are companies that own or finance income-producing real estate across a range of property sectors. These real estate companies have to meet a number of requirements to qualify as REITs. Most REITs trade on major stock exchanges, and they offer a number of benefits to investors.

Why Invest in REITs

REITs historically have delivered competitive total returns, based on high, steady dividend income and long-term capital appreciation. Their comparatively low correlation with other assets also makes them an excellent portfolio diversifier that can help reduce overall portfolio risk and increase returns. These are the characteristics of real estate investment.

About Nareit

Nareit serves as the worldwide representative voice for REITs and real estate companies with an interest in U.S. real estate. Nareit’s members are REITs and other real estate companies throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study, and service those businesses.