Strategic Capital Fund Management has acquired $19 million in cell towers and other wireless infrastructure assets and placing approximately another $25 million under contract. The transactions were announced in the fourth quarter 2021.
Leasing activity also has been robust, as Strategic Wireless reported significant progress in new leases and existing lease modifications, which are primarily a result of 5G equipment upgrades for national carriers. As of Dec. 31, 2021, Strategic Wireless had executed new lease agreements or modifications with more than 25 percent of its total tenant base, resulting in meaningful growth in lease revenues.
“We understood the utility-like nature of connectivity years ago and recognized the indispensable nature of these critical assets,” said Jim Condon, president of Strategic Capital Fund Management. “We maintain high conviction that the digital infrastructure sector offers a long-term opportunity to invest in what we believe are ex