CBRE Caledon to acquire a majority stake in CitySwitch from American Infrastructure.

CBRE Caledon, an infrastructure and private equity manager and solutions provider, agreed to acquire a majority stake in CitySwitch, a build-to-suit wireless tower developer and operator, from American Infrastructure, a provider of investment advisory services. Financial terms weer not disclosed. “We continue to see strong value for our investors in digital infrastructure and are excited to complete this investment on behalf of our fund and separately managed account. The highly predictable nature of future cash flows supported by long-term contracts for this mission-critical infrastructure will provide our investors with strong downside protection and the potential for superior risk-adjusted returns," Stephen Dowd, CBRE Caledon CIO of Private Infrastructure Strategies.