Strategic Wireless Infrastructure Funds Management has completed the acquisition of two separate portfolios consisting of cell towers, real estate and other related assets in Louisiana and Wisconsin through its affiliate, SWI Funds Tower Holdings.
Most recently, the company acquired a portfolio of towers in several Wisconsin recreational locations. Before that, it purchased a portfolio of towers in the greater New Orleans metropolitan area in early October.
“These acquisitions help to further diversify our expanding collection of high-quality, essential telecommunications infrastructure assets in new operating territories,” Jerry Sullivan, Strategic Wireless CEO, said in a prepared statement.
The majority of rental revenue at each tower comes from national and regional wireless carriers (AT&T, Verizon, T-Mobile and U.S. Cellular) that use the infrastructure to support their wireless networks. Many of the towers have capacity to support additional broadband or broadband-equivalent tenants. The combination of lease-up and 5G enhancements from existing tenants may provide significant upside and value creation, according to Strategic Wireless’ management.
Kalil & Company represented the seller in the Wisconsin portfolio transaction, and Tower Advisors represented the seller in the Louisiana portfolio transaction.
Source: Strategic Wireless Infrastructure Funds Management