Cell towers are so much a part of the landscape that few people pay them any attention, but these workhorses of the digital age support a niche real estate play that has done well during the coronavirus pandemic and is expected to do well post-pandemic.
A handful of REITs specialize in infrastructure, which largely (but not completely) means cell towers and other structures critical to the transmission of information. Like many other businesses, they suffered from the sudden shock posed by the onset of the pandemic in March 2020. Unlike many businesses, their bounce back was only a matter of months.
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