Home News Strategic Wireless Buys Multiple Tower Portfolios in Louisiana and Wisconsin

Strategic Wireless Buys Multiple Tower Portfolios in Louisiana and Wisconsin

Strategic Wireless Infrastructure Funds Management LLC, a private placement sponsor and the wireless infrastructure division of Strategic Capital Fund Management, has purchased two separate portfolios consisting of cell towers, real estate and other related assets located in Louisiana and Wisconsin.

Strategic Wireless Infrastructure Funds Management LLC, a private placement sponsor and the wireless infrastructure division of Strategic Capital Fund Management, has purchased two separate portfolios consisting of cell towers, real estate and other related assets located in Louisiana and Wisconsin. The purchase price was not disclosed.

Strategic Wireless noted that majority of rental revenues are derived from both national and regional wireless carriers namely AT&T, Verizon, T-Mobile and U.S. Cellular who utilize the infrastructure to support their wireless networks. Many of the towers have capacity to support additional broadband or broadband-equivalent tenants, the company added.

The company believes that the combination of lease-up and 5G enhancements from existing tenants may provide “significant upside and value creation.”

Strategic Wireless focuses on acquiring, building and managing telecom infrastructure assets that support mobile and internet connectivity and establishes partnerships with 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.