10 Best REIT Stocks to Buy According to Billionaires

2. Crown Castle Inc. (NYSE:CCI)

Number of Billionaires: 12

Number of Hedge Fund Holders: 54

Crown Castle Inc. (NYSE:CCI) serves as the largest provider of shared communications infrastructure in the United States. The REIT offers a nationwide footprint of towers, small cells, and fiber to help businesses and organizations connect to technologies and innovations.

Crown Castle Inc. (NYSE:CCI) has a comprehensive infrastructure portfolio comprising 40,000 cell towers, nearly 105,000 on-air or under-contract small cell nodes, and nearly 90,000 route miles of fiber. CCI has a presence in every major US market and is set to benefit from the long-term US wireless data demand growth. The REIT offers the US wireless carriers the prime real estate they require to run their networks. For emerging markets such as 5G, smart city technologies, and the Internet of Things which are to stay, the REIT’s infrastructure solutions are crucial. Crown Castle Inc. (NYSE:CCI) recently transitioned into a pure-play, public US tower company by announcing its agreement to sell its Fiber segment to EQT and Zayo. The firm believes that such a focused US tower business would be in a unique position to benefit from the expected consistent growth in mobile data demand.