On the heels of acquiring a multi-tower portfolio in the mid-west, Strategic Wireless Infrastructure Funds Management, Inc. has added its second asset class through the acquisition of a telecommunications rooftop easement that supports wireless network services, the company said.
Located in Spartanburg, SC, the easement acquisition provides exclusive telecom rooftop rights for a period of 99 years. A portion of the easement is currently leased to an existing Tier 1 wireless carrier under a long-term lease agreement. The carrier has been leasing and utilizing the rooftop since the 1996 and uses it as a strategic location to provide wireless coverage to its customers in the downtown Spartanburg area.
Strategic Wireless is an investment manager and capital partner focused on acquiring, building and managing telecom infrastructure assets that support mobile and Internet connectivity. To help achieve its investment goals, Strategic Wireless establishes mutually beneficial partnerships with select independent operators and developers throughout the US The company prides itself on aligning interests, providing transparency and offering fair pricing to ensure longstanding working relationships for years to come.