Strategic Wireless Buys Multiple Cell Towers in Four States

Strategic Wireless Infrastructure Funds Management has purchased multiple cell towers in various regions of the U.S.

Strategic Wireless Infrastructure Funds Management, a private placement sponsor and the wireless infrastructure division of Strategic Capital Fund Management, has purchased multiple cell towers in various regions of the U.S. through its affiliate, SWI Funds Tower Holdings LLC.

The towers and other related assets are located in Texas, Michigan, South Carolina and Florida, all of which are situated on, or close to, major thoroughfares. The purchase price was not disclosed.

Strategic Wireless noted that the assets located in Texas, Michigan and South Carolina are all part of its acquisition program, while those in Florida are part of its tower development program that supports wireless broadband carrier network densification.

“We believe the continued acquisition of existing cell towers, as well as our ability to create affective partnerships with carriers, contractors and developers through new tower development, is accelerating our ability to create a robust portfolio of essential telecommunications assets,” said Jerry Sullivan, chief executive officer of Strategic Wireless.

The company said that tenants on the towers consist of a variety of “top-tier” wireless carriers as well as various broadcasters and public service networks.

Strategic Wireless focuses on acquiring, building 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 here.