12 Best Real Estate and Realty Stocks To Buy Now

10. Crown Castle Inc. (NYSE:CCI)

Number of Hedge Fund Holders: 34

Crown Castle Inc. (NYSE:CCI) serves as the largest provider of communications infrastructure in the United States. The company has 30 years of experience owning and operating network assets. It was founded in 1994 with an initial portfolio of 133 cell towers. In 1998, it went public with approximately 1,400 towers. Crown Castle now offers a nationwide footprint of towers, small cells, and fiber to help businesses and organizations connect to technologies and innovations.

The REIT has a presence in every major US market through over 40,000 cell towers, 105,000 on-air or under-contract small cells, and 90,000 route miles of fiber. The company is rightly positioned to capitalize on the growing demand for data in the United States and claims to have a strong trajectory with growth opportunities for the years to follow. The company is meant to offer the US wireless carriers with the prime real estate they require to run their networks. For tailwinds such as 5G and the Internet of Things which are to stay, the firm’s infrastructure solutions are crucial.

Amidst high merger activity in the fiber broadband sector, firms such as CCI boasting strong infrastructure assets tend to be attractive targets. TPG Inc. is currently in advanced talks to buy the company’s fiber business for nearly $8 billion, according to people familiar with the matter. The potential sale would enable Crown Castle to focus on its core towers business. Shares of the REIT were up 2.1% in trading following the news.