CoreSite Realty Corporation Announces Pricing of Sale of Common Stock by The Carlyle Group

CoreSite Realty Corporation (NYSE:COR) (“CoreSite”), a premier provider of secure, reliable, high-performance data center, cloud access and interconnection solutions across the U.S., today announced the pricing of the previously announced sale of 2,620,000 shares of its common stock by investment funds affiliated with The Carlyle Group at a price to the public of $119.50. This reflects an increase of 500,000 shares from the previously announced sale of 2,120,000 shares of CoreSite’s common stock. Morgan Stanley is acting as sole underwriter in connection with the offering.

Upon completion of the offering, investment funds affiliated with The Carlyle Group will continue to hold an aggregate of 8,105,390 partnership units in CoreSite’s operating partnership that they may elect to redeem in whole or in part for cash or, at CoreSite’s option, CoreSite may elect to acquire those operating partnership units submitted for redemption in exchange for shares of its common stock on a one-for-one basis. If all such operating partnership units were tendered for redemption and CoreSite elected to acquire such units in exchange for shares of its common stock, investment funds affiliated with The Carlyle Group would own an aggregate of 16.7% of CoreSite’s issued and outstanding common stock. The offering is expected to close and settle on or about May 7, 2020, subject to customary closing conditions. Neither CoreSite nor CoreSite’s management is selling any shares of common stock in the offering and CoreSite will not receive any of the proceeds from the offering of shares by the selling stockholders.

CoreSite has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates. Before investing, you should read the prospectus and other documents filed with the SEC for information about CoreSite and this offering. You may get these documents for free by visiting the SEC’s website at www.sec.gov. A copy of the prospectus and any prospectus supplements may also be obtained from Morgan Stanley & Co LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.