Strategic Wireless snaps up 11 US tower sites
Strategic Wireless has acquired 11 cell towers and an easement, located in various regions across the US, for an undisclosed sum.
The towers, the easement and other related assets are described by Strategic as geographically diverse and are located along North Carolina’s Crystal Coast, throughout lakeside vacation areas in Michigan, as well as in Indiana, Oklahoma, Alaska, New Jersey and a densely populated area just outside of downtown New Orleans.
However, Strategic did not disclose the name of the seller.
The deal was completed through Strategic's affiliate, SWI Funds Tower Holdings, LLC and followed the confirmation in December that Strategic Wireless had acquired two cell towers, and other related assets, located south of Indianapolis, Indiana.
Commenting on that deal, CEO Todd Rowley said at the time: “We believe this acquisition was an excellent opportunity to acquire relatively new towers in a strategic location, with strong existing tenants, while still having capacity to lease additional space to new tenants.
“We’re excited to add these assets to our growing portfolio of wireless infrastructure assets," Rowley continued.
Focused on the acquisition of cell towers, wireless easements, fibre networks, small cells and DAS, Strategic Wireless has been particularly active over recent months.
In addition to the December deal, in November the investment manager, capital partner and holding company acquired tower assets in Alabama, Missouri, and Wyoming. It also completed the purchase of a long-term easement in central California that provides rights to rental income from one of the major national wireless carriers leasing space on a cell tower.
As part of the same deal, the company acquired a perpetual ground easement in southern California.