The Cisco Visual Networking Index forecasts 34% annual growth in global consumer Internet traffic over the next few years, and CoreSite is well positioned to take advantage of the market growth. Its portfolio consists of more than 2 million square feet of space that currently generates about $110 million in annual rent. The cream of the company's offerings is its Any2 network. It's the nation's second-largest Internet peering exchange, with over 200 participants in California alone. It's a physical network switch that facilitates the exchange of Internet traffic between service providers and content networks, both locally and internationally. It improves client reach and helps to improve network performance and disaster recovery. The balance sheet is in good shape, and the company currently has $154 million of available capacity on its existing revolving credit facility. The most recent quarter saw funds from operations rise 44% on an 18% increase in revenue from a year ago. CoreSite is only the third data-center real estate investment trust to go public, taking advantage of not only the high client demand for data centers but also the recent interest from investors in diversifying their real estate investments. Although the firm has been around for only a decade, it is a leader in a key emerging growth industry. Expect a lot of focus on data-center REITs moving forward, and keep this one on your radar.