New REIT Alert: This Data Center Operator Is Making the Switch
Data center operator Switch (NYSE: SWCH) recently announced plans to convert into a real estate investment trust (REIT). That move has big implications for the company and the data center REIT sector.
Switch operates premier data centers designed by founder and CEO Rob Roy. He has developed more than 750 patents covering data center designs.
The company currently operates six campus locations around the country, organized into the five Switch Primes. They currently operate 16 data centers with 5 million square feet of space leased to more than 1,300 customers. Switch also has enough room to build an additional 11 million square feet of space across its campuses.
Source Fool.com
