REIT sells 180 Wireless Towers to CTI towers

CTI Towers, an owner and manager of wireless towers, has acquired 180 towers located in 14 states from Uniti Group, a communications infrastructure REIT.

The financial terms were not disclosed.

CTI Towers is a portfolio company of Palistar Capital LP, an alternative asset manager focused on telecommunications infrastructure investments.

CTI Towers, one of the largest private tower companies in the United States, currently owns and manages more than 1,200 towers across 47 states, which are leased by established carriers including AT&T, DISH, T-Mobile and Verizon. With this acquisition, the company significantly expands its presence in the southeastern region of the country. This is the second transaction CTI Towers has announced this year, following its acquisition of SCI Towers in May.