Clifford Chance Steers American Tower In $4.8B REIT Buy

Law360, New York (September 06, 2013, 11:45 AM ET) -- American Tower Corp. said on Friday that it has inked a $4.8 billion deal to buy up a private real estate investment trust that owns Florida-based Global Tower Partners, upping the Boston company's rooftop cell tower locations in urban areas of the U.S. and Costa Rica.

The deal doubles American Tower's rooftop tower offerings, bringing in roughly 9,000 domestic sites and 500 in Costa Rica, the company said. Global Tower, which is mostly owned by REIT Macquarie Infrastructure Partners Tower Holdings LLC, boasts an attractive customer...
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