Strategic Wireless Infrastructure Funds Management in Greenwich, Connecticut — through its SWI Funds Tower Holdings affiliate — acquired 11 cell towers and an easement, the company said.
The towers, the easement and other related assets are along North Carolina’s Crystal Coast, in lakeside vacation areas in Michigan and in Indiana, Oklahoma, Alaska, New Jersey and just outside of downtown New Orleans.
The continued acquisition of cell towers and easements and renting to creditworthy tenants has helped to create a portfolio of telecommunications assets, according to Strategic Wireless Infrastructure Funds Management. Tenants include wireless carriers, broadcasters and public service networks, the company said.
“Strategic Wireless Infrastructure Funds Management, a division of Strategic Capital Fund Management, is an investment manager, capital partner and holding company focused on acquiring, developing and managing telecom infrastructure assets that support broadband connectivity,” a statement from the company reads. “To help achieve its investment objectives, Strategic Wireless Infrastructure Funds Management establishes mutually beneficial partnerships with wireless carriers and select independent operators and developers throughout the United States. The company’s goal is to align interests, provide transparency and offer fair pricing to ensure longstanding working relationships.”
The company said that Strategic Capital Fund Management is a privately held, global alternative investment management organization committed to providing access to dynamic asset classes and experienced investment professionals to provide clients with attractive risk-adjusted returns. It said the company focuses on digital economy investments with an emphasis on digital infrastructure, sustainability and technology-centric sectors.
Strategic Wireless Infrastructure Funds Management did not disclose who sold the towers, nor did it disclose the terms of the transaction.