American Tower, Cyrusone Are Heading Higher Says American Assets CEO

American Tower will enjoy huge benefits from its recent acquisition of Verizon's cellular towers going forward, said Burl East, CEO of American Assets Capital Advisers.
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American Tower will enjoy huge benefits from its recent acquisition of Verizon's cellular towers going forward, said Burl East, CEO of American Assets Capital Advisers. East added that American Tower is seeing a surge in demand for digital bandwidth as mobile use increases. Similarly, he is bullish on shares of Cyrusone, saying the data center real estate investment trust has a chance to double its revenue even without adding any real estate because of the massive demand for bandwidth. Finally, East is positive on Cadiz, saying the company is perfectly positioned to profit from the water crisis in California.