StratCap Acquires Ten Cell Towers for Nearly $20 Million
StratCap, a privately held alternative investment management platform, announced that its wireless infrastructure division, StratCap Wireless, completed the acquisition of nearly $20 million of “essential” cell towers and wireless easements during December 2022.
The acquisitions include ten cell towers located throughout Massachusetts, Missouri, Oregon, Indiana and New Jersey along with two rooftop easements located in Portland, Maine. The tower tenants are primarily made up of the three major broadband carriers, AT&T, Verizon and T-Mobile, while the rooftop easements are home to eleven tenant leases with T-Mobile, U.S. Cellular, Dish, the state of Maine and several fixed wireless companies.
“We are pleased to close out 2022 with these strategic acquisitions that we think will add significant value to our growing portfolio of essential digital infrastructure assets,” said Jim Condon, managing partner of StratCap.
While the cell towers are highlighted by what the company describes as “top-tier broadband tenants,” management indicated that there is still significant capacity across the various towers for additional tenants as well as 5G modifications.
“We believe our acquisition activity is gaining considerable momentum and that we are developing significant scale as we continue to expand our footprint in the digital infrastructure arena,” said Todd Rowley, chief executive officer of StratCap Wireless. “We look forward to expanding our relationships with developers, brokers, sellers and tenants as we look toward 2023 and beyond.”
StratCap is a privately held, global alternative investment management platform that focuses on a range of digital economy investments with an emphasis on digital infrastructure, sustainability and technology-centric sectors.
For more StratCap news, please visit their directory page.
