Strategic Wireless Buys Indiana Cell Tower Portfolio

Strategic Wireless Infrastructure Funds Management, a private placement sponsor and the wireless infrastructure division of Strategic Capital Fund Management, has purchased two cell towers located south of Indianapolis, Indiana.

Strategic Wireless Infrastructure Funds Management, a private placement sponsor and the wireless infrastructure division of Strategic Capital Fund Management, has purchased two cell towers located south of Indianapolis, Indiana.

The towers are less than five years old and are located along the newly constructed interstate I-69 that connects Indianapolis to Evansville. The company reported that “multiple” top-tier wireless carriers serve as anchor tenants and make up 100 percent of the rental revenue.

“We believe this acquisition was an excellent opportunity to acquire relatively new towers in a strategic location, with strong existing tenants, while still having capacity to lease additional space to new tenants,” said Todd Rowley, chief executive officer of Strategic Wireless. “We’re excited to add these assets to our growing portfolio of wireless infrastructure assets.”

Strategic Wireless focuses on acquiring, developing and managing telecom infrastructure assets that support broadband connectivity, and establishes partnerships with wireless carriers and independent operators and developers throughout the U.S.

The company sponsors Strategic Wireless Infrastructure Fund LLC, which according to a filing with the Securities and Exchange Commission, is a Regulation D fund structured as a 506(b) that seeks to raise up to $100 million.

For more Strategic Wireless/Strategic Capital Fund Management news, visit their directory page.