December 5, 2023
StratCap Secures Portfolio of 72 Cell Towers
StratCap continues to expand its footprint in the digital infrastructure sector and believes the StratCap Wireless team’s significant experience as operators in the wireless arena has had a significant impact on the Company’s success...

Business Wire

StratCap (“StratCap” or “the Company”) announced today that its wireless infrastructure division (StratCap Wireless) has completed the acquisition of 60 cell towers that are part of a larger 72-tower developer portfolio. The Company expects to close on the remaining 12 towers in the coming months. The acquisition was made as part of an institutional joint venture partnership wherein StratCap has a 51% ownership position and will manage the assets going forward. The 72 towers are located throughout 13 states, which include Texas, Missouri, New Mexico, Washington, North Dakota, Florida, Idaho, Louisiana, Montana, Oklahoma, Tennessee, Arizona, and Michigan.

Jim Condon, Managing Partner of StratCap, stated, “We continue to expand and grow our digital infrastructure holdings and we’re excited to secure a transaction of this quality and size.” Scott Riggs, Chief Operating Officer of StratCap Wireless, went on to say, “The towers’ tenant base is predominately made up of top tier wireless carriers and we believe there is ample opportunity for growth through 5G lease modifications and new tenant additions, which can help drive greater tower cash flow and the overall value of the assets.”

StratCap continues to expand its footprint in the digital infrastructure sector and believes the StratCap Wireless team’s significant experience as operators in the wireless arena has had a significant impact on the Company’s success. Todd Rowley, CEO of StratCap Wireless, stated, “We bring a unique perspective as former wireless operators and we believe that translates to strong, long-standing partnerships built on trust and transparency – whether that is with sellers, developers, tenants, brokers, lenders, or anyone else.” Mr. Rowley went on to say that he believes it was StratCap Wireless’ expertise and reliable reputation that helped it secure this off-market transaction.

About StratCap

StratCap is a privately held, global investment management platform committed to providing access to dynamic asset classes and highly experienced investment professionals. The company is focused on a wide range of digital economy assets with an emphasis on digital infrastructure, sustainability, and technology-centric sectors. StratCap Wireless is an affiliate company focused on acquiring, developing, and managing a variety of telecommunications infrastructure assets that support mobile communications, internet connectivity and data storage.

Contacts

StratCap Media Contact:
Robert Bruce
Chief Marketing Officer
949.432.9485

Recent

Go Store It Opens New Storage Facility in Redlands, CA

Go Store It Opens New Storage Facility in Redlands, CA

Go Store It Self Storage has opened its latest state-of-the-art storage facility in Redlands, Ca. Go Store It Redlands is strategically designed to meet the needs of the Redlands community and the rapidly growing Inland Empire. The 114,750 square foot, 838-unit facility sits on approximately six and a half acres, and has over 400 feet…

Most Popular

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 10-3-2023 Blue Vault wishes to acknowledge and apologize for the delay in publishing some Q2 2023 NTR Individual Performance Pages (IPPs) as well as the full review. We recently added additional reporting metrics to our IPPs, and that, combined with coverage of all share classes and some additional…
Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 9-25-2023 Blue Vault has published the Q2 2023 Nontraded BDC Industry Review as well as Individual Performance Report and Limited Operations pages for the following offerings (newly published pages in bold font): Nontraded REITS American Healthcare REIT Q2 2023 Apollo Realty Income Solutions Q2 2023 (limited operations) Ares…

Explore

Blue Vault Logo
Don’t miss alts news
and educational events

Subscribe Now