StratCap acquires new digital infrastructure assets

StratCap has announced that since the start of 2022, its divisions for wireless infrastructure and data centres, StratCap Wireless and StratCap Data Centers, have successfully acquired roughly $151 million worth of vital digital infrastructure assets.

The purchases include 18 cell towers that were made for about $30.3 million and are situated in Connecticut, California, Oklahoma, Kansas, Georgia, and Florida. In addition, the business completed the acquisition of four data centres for a total of about $120.9 million.

The major wireless carriers, which include Verizon, AT&T, and T-Mobile among others, highlight the tenants of the cell towers and other related assets, which span a variety of geographic regions.

Although each tower has at least one top-tier internet tenant, most of the towers still have room for other tenants, which presents appealing lease-up options. “We are excited to continue expanding our portfolio of digital infrastructure assets that serve as critical pieces for our broadband carrier partners and other tenants,” said Todd Rowley, CEO of StratCap Wireless.

The assets for the data centres are situated in the metropolitan areas of Jacksonville, Cleveland, Denver, and Atlanta. One of the assets is half leased and was deliberately purchased for its chance to create value. Three of the properties are fully leased with in-place cash flows.