Vertical Bridge is Colony Capital’s investment vehicle for U.S. towers. Indeed, Vertical Bridge is the fourth largest owner of towers in the United States, with a portfolio of 20k owned towers following its merger with Eco-Site.
In 2020, Vertical Bridge’s operating performance was good, but not great, as expectations entering 2020 were quite high. Specifically, Colony Capital anticipated that Vertical Bridge would achieve 10%+ gross organic revenue growth for the year. However, gross organic revenue growth for 2020 came in modestly lower, at 8% to 9% for the year.