StratCap Digital Infrastructure REIT has completed the sale of 48 wholly owned wireless cell towers for a purchase price of $55.1 million.
The sale helps the company to accelerate its initiative to rebalance its portfolio toward other digital sectors, such as stabilized data centers, which management believes can provide attractive risk adjusted returns.
“Our ultimate goal is to enhance the overall quality and resilience of DIR’s portfolio while driving long-term growth and returns for stockholders,” said Michael Weidner, chief financial officer and treasurer of DIR.
While the Company currently retains exposure to a portfolio of approximately 150 sites held through a joint venture, the sale is expected to enable DIR to rebalance its portfolio toward what management believes is one of the most compelling opportunities in commercial real estate today, said the firm in its release. As demand for computing power and data storage accelerates with the growth of
