End of an Era: The Decade's Best REIT Is Disappearing
Real estate investment trusts (REITs) have an excellent track record of creating value for shareholders. Over the long term, they've historically outperformed stocks, with less volatility.
The best performer over the past decade is data center REIT CoreSite Realty (NYSE: COR). It has delivered a more than 1,400% total return or over 31% annualized. Unfortunately for long-term investors, that profitable ride is coming to an end. The company recently agreed to be acquired by infrastructure REIT American Tower (NYSE: AMT) in a $10.1 billion all-cash deal.
Here's a look at what made CoreSite a smashing success and whether that could help investors identify the best-performing REITs of the next decade.
Source Fool.com
