StratCap’s wireless infrastructure division has acquired 14 cell towers in Oklahoma and Kansas for $20.3 million.
The majority of the towers are located in and around the Oklahoma City metropolitan area, with one tower in Wichita, Kan.
The towers include 23 existing tenant leases with the top three wireless carriers — Verizon, AT&T and T-Mobile. The towers have significant capacity for new tenants, and management believes lease modifications could occur as current tenants are likely to upgrade their sites with 5G equipment.
StratCap believes the acquisitions will provide the company with long-term, predictable rental revenues from premier tenants while also creating attractive value-add opportunities based on the towers’ additional capacity.
“These assets serve as mission-critical infrastructure for our tenants, helping them to deliver wireless coverage to a significant customer base in the Oklahoma metro region,” said Jim Condon, managing p