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8-K - FORM 8-K - CoreSite Realty Corp | c10636e8vk.htm |
EX-99.2 - EXHIBIT 99.2 - CoreSite Realty Corp | c10636exv99w2.htm |
Exhibit 99.1
FOR IMMEDIATE RELEASE
CORESITE NAMES JEFF FINNIN CHIEF FINANCIAL OFFICER
DENVER, CO. January 4, 2011 CoreSite Realty Corporation (NYSE: COR), a national provider of
powerful, network-rich data centers, today announced that Jeff Finnin has joined the company as
Chief Financial Officer. Mr. Finnin will succeed Deedee Beckman effective January 24, 2011.
Mr. Finnin brings more than 23 years of leadership experience in finance and accounting to
CoreSite. He joins CoreSite from ProLogis, where he served as Managing Director and Chief
Accounting Officer for over five years. His responsibilities included establishing and managing
corporate policies in accounting and finance while working to facilitate the companys capital
markets activities and related regulatory filings. Prior to his tenure at ProLogis, Mr. Finnin
spent 18 years in public accounting with significant history as a partner with KPMG and Arthur
Andersen, where he served as the Partner in charge of the real estate practices in Denver.
We are pleased to have Jeff join our leadership team, said Tom Ray, Chief Executive Officer of
CoreSite. Jeff brings deep experience in REITs, public accounting, public company financial
reporting and planning, and public capital markets activities. He joins us at an exciting time, and
we look forward to his proven capabilities being applied to CoreSites business and enhancing the
execution of the Companys growth plan. Mr. Ray added, Wed like to thank Deedee Beckman for her
five years of dedication and excellent work in leading our finance and accounting organization and
for setting our course to operate in the public domain.
I am looking forward to joining CoreSite and to working with Tom and the management team in
capitalizing on the opportunities in front of the company, said Mr. Finnin. CoreSite has
assembled a strong group of leaders in the industry and Im pleased to be a part of the
organization.
About CoreSite
CoreSite Realty Corporation (NYSE: COR) delivers powerful, network-rich data centers that optimize,
secure and interconnect the mission-critical IT assets of the worlds top organizations. 600+
customers, including Global 1000 enterprises, cloud providers, financial firms, and Government
agencies, choose CoreSite for reliability, service and expertise in delivering customized, flexible
data center solutions. CoreSite offers private data centers and suites, cage-to-cabinet
colocation, and interconnection services, such as Any2, CoreSites Internet exchange. The
companys portfolio comprises more than two million square feet, including space held for
redevelopment and development, and provides access to over 200 network
service providers via 11 data centers in seven key U.S. economic centers. Obtain more information
at www.CoreSite.com.
CoreSite Investor Relations Contact
Investor Relations
+1 303.222.7276
InvestorRelations@CoreSite.com
Investor Relations
+1 303.222.7276
InvestorRelations@CoreSite.com
CoreSite Media Contact
Mark Jobson
+1 303.405.1004
Mark.Jobson@CoreSite.com
Mark Jobson
+1 303.405.1004
Mark.Jobson@CoreSite.com
Forward Looking Statements
This press release may contain forward-looking statements within the meaning of the federal
securities laws. Forward-looking statements relate to expectations, beliefs, projections, future
plans and strategies, anticipated events or trends and similar expressions concerning matters that
are not historical facts. In some cases, you can identify forward-looking statements by the use of
forward-looking terminology such as believes, expects, may, will, should, seeks,
approximately, intends, plans, pro forma, estimates or anticipates or the negative of
these words and phrases or similar words or phrases that are predictions of or indicate future
events or trends and that do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are
beyond the Companys control, that may cause actual results to differ significantly from those
expressed in any forward-looking statement. These risks include, without limitation: the geographic
concentration of the Companys data centers in certain markets and any adverse developments in
local economic conditions or the demand for data center space in these markets; fluctuations in
interest rates and increased operating costs; difficulties in identifying properties to acquire and
completing acquisitions; significant industry competition; the Companys failure to obtain
necessary outside financing; the Companys failure to qualify or maintain our status as a REIT;
financial market fluctuations; changes in real estate and zoning laws and increases in real
property tax rates; and other factors affecting the real estate industry generally. All
forward-looking statements reflect the Companys good faith beliefs, assumptions and expectations,
but they are not guarantees of future performance. Furthermore, the Company disclaims any
obligation to publicly update or revise any forward-looking statement to reflect changes in
underlying assumptions or factors, of new information, data or methods, future events or other
changes. For a further discussion of these and other factors that could cause the Companys future
results to differ materially from any forward-looking statements, see the section entitled Risk
Factors in the Companys final prospectus dated September 22, 2010, and other risks described in
documents subsequently filed by the Company from time to time with the Securities and Exchange
Commission.