October 6, 2022

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StratCap Acquires Over $150 Million in Digital Infrastructure Assets | Region

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GREENWICH, Conn.–(Enterprise WIRE)–Jul 11, 2022–

StratCap (“StratCap” or “the Company”) is very pleased to announce that its wireless infrastructure and knowledge heart divisions (StratCap Wireless and StratCap Information Facilities respectively) have completed the acquisition of roughly $151 million of critical electronic infrastructure assets because the commencing of 2022.

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StratCap Acquires Above $150 Million in Electronic Infrastructure Property (Picture: Enterprise Wire)

The acquisitions contain eighteen mobile towers that have been procured for roughly $30.3 million and are positioned in California, Oklahoma, Kansas, Ga, Florida, Tennessee, and Connecticut. In addition, the corporation shut on 4 knowledge centers that were being obtained for an mixture invest in selling price of about $120.9 million.

The cell towers and other similar property are geographically numerous and tenants are highlighted by the important wi-fi carriers which contain Verizon, AT&T and T-Cell between other people. Although each tower incorporates at the very least a person major-tier broadband tenant, there is even now capacity all through most of the towers to accommodate additional tenants, as a result generating attractive lease-up prospects. Todd Rowley, CEO of StratCap Wireless stated, “We are thrilled to continue increasing our portfolio of electronic infrastructure property that provide as vital items for our broadband provider partners and other tenants.”

The facts center belongings are located in the Jacksonville, Cleveland, Denver, and Atlanta metropolitan areas. Three of the attributes are thoroughly leased with in-area hard cash flows even though a person of the assets is partly leased and was specially obtained for its worth-add improvement chance. Administration has mentioned that the belongings are in “NFL cities” with growing need for data middle place and serve as mission significant infrastructure for the existing tenants which include things like a significant monetary services firm, a world-wide lender, a countrywide retail colocation service provider and a main wireless carrier. Bryan Marsh, CEO of StratCap Data Centers said, “These most up-to-date acquisitions deliver us with what we believe that are extended-time period, predictable rental revenues from superior top quality tenants whilst at the exact same time building appealing worth-increase alternatives for our overall portfolio.”

Pat Miller, Handling Lover of StratCap, included, “We feel electronic infrastructure is one particular of the most powerful and resilient serious estate sectors in the market correct now. We continue on to grow our footprint in the room, and we feel the sector has a prolonged development runway forward.”

About StratCap

StratCap is a privately held, international option expenditure management system committed to offering access to dynamic asset lessons and very professional investment industry experts in buy to present purchasers with interesting hazard-altered returns. The business is concentrated on a huge assortment of electronic financial system investments with an emphasis on digital infrastructure, sustainability, and technologies-centric sectors.​

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PUB: 07/11/2022 07:30 PM/DISC: 07/11/2022 07:32 PM

http://www.businesswire.com/information/home/20220711005947/en

Copyright Business enterprise Wire 2022.