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SWI Funds Tower Acquires Multi-State Tower Portfolio
Friday 31 July 2020

SWI Funds Tower Holdings, LLC, an affiliate of California-based telecom company Strategic Wireless Infrastructure Funds Management, has completed the acquisition of a tower portfolio, real estate and other related assets located at premier locations throughout multiple states on the eastern seaboard including New York, Delaware, Massachusetts, Pennsylvania and Florida, the company said.

Terms of the transaction were not disclosed.

A majority of the sites, all of which were constructed in 2015 or later, support at least two of the major wireless carriers which make up most of the portfolio's lease revenue. Each site has excess capacity for additional broadband or broadband-equivalent tenants which management believes provides significant upside and value creation upon lease-up.

Media Capital Advisors, Inc. based in West Chester, PA represented the seller in this transaction.

Strategic Wireless is an investment manager, capital partner and holding company focussed on acquiring, developing and managing telecom infrastructure assets that support broadband connectivity.
Date Published: 31/07/2020