GREENWICH, Conn.–(BUSINESS WIRE)–Strategic Capital Fund Management, LLC (“Strategic Capital” or the “Company”), is pleased to announce that its wireless infrastructure team (“Strategic Wireless”) completed a strong fourth quarter of 2021 by acquiring approximately $19 million worth of cell towers and other wireless infrastructure assets and placing approximately an additional $25 million under contract. These recent acquisitions add to its rapidly growing portfolio of digital infrastructure assets across the country, consisting primarily of cell towers, wireless easements and other related assets.
Leasing activity was also robust as Strategic Wireless reported significant progress in new leases and modifications to existing leases, which were primarily the result of 5G equipment upgrades for domestic carriers. As of December 31, 2021, Strategic Wireless had signed new leases or modifications with more than 25% of its total tenant base, resulting in significant rental revenue growth.
Jim Condon, President of Strategic Capital Fund Management, said, “We understood the utilitarian nature of connectivity years ago and recognized the indispensable nature of these critical assets. We remain convinced that the digital infrastructure sector offers a long-term opportunity to invest in what we consider extremely resilient assets. We are grateful for our experienced institutional-caliber team and confident in their ability to continue to execute our strategy of acquiring and managing high-quality digital infrastructure assets in the future.
According to Strategic Wireless CEO Todd Rowley, “Our activity throughout the year has raised our profile in the industry as a trusted operator, owner and financial partner. And with that, we expect more and more opportunities to come our way. He went on to say, “We have ambitious goals for 2022. We believe we are well positioned to grow our portfolio, and we are excited to continue to expand our footprint in the digital infrastructure space.
About Managing Strategic Capital Funds
Headquartered in Greenwich, Connecticut, Strategic Capital Fund Management is a private, global alternative asset management organization committed to providing access to dynamic asset classes and highly experienced investment professionals to deliver attractive risk-adjusted returns to its clients. The company focuses on a wide range of investments in the digital economy, with an emphasis on digital infrastructure, sustainability and technology-driven sectors.
About Strategic Wireless
Strategic Wireless (a division of Strategic Capital Fund Management) is an investment manager, financial partner and holding company focused on the acquisition, development and management of digital infrastructure assets that support the broadband connectivity. To help achieve its investment objectives, Strategic Wireless establishes mutually beneficial partnerships with selected wireless carriers and independent carriers and developers throughout the United States. The company’s goal is to align interests, provide transparency and offer fair pricing to ensure lasting working relationships for years to come.