StratCap announced that it acquired 13 cell towers located throughout Missouri, Wisconsin, Florida, Tennessee and New York, as well as a 127,000-square-foot data center in Toronto in second quarter 2023. The portfolio represents nearly $90 million of essential digital infrastructure assets.
The cell-tower acquisitions are composed of both individual and portfolio transactions, with the three major broadband carriers — AT&T, Verizon and T-Mobile — as the primary tenants. The tenant roster also includes Dish, Wisconsin Electric Power Company, Wisconsin Power & Light and an AT&T affiliate dedicated to first responders.
In addition, the data center in Toronto boasts two premier credit-rated tenants, ready-access to rich fiber connectivity and 10 mega-volt amperes (MVA) of installed critical capacity, with plans to increase to 27 MVA. The acquisition was part of an institutional joint venture through which StratCap took a minority stake in the property.