Strategic Wireless Infrastructure Funds Management, Inc. (“Strategic Wireless”) continues to expand its wireless infrastructure portfolio with the acquisition of a rooftop easement that supports wireless telecommunications equipment, the company said.
Located in Paterson, NJ, the easement provides certain rights to the facilities of a retail strip center (including rooftop operating rights) that is leased to a top-tier wireless carrier under a long-term lease agreement. The company uses the rooftop as a strategic location to provide wireless coverage to its customers in the Paterson area.
The rooftop has capacity to support up to three additional tenants, which management believes provides upside potential and value creation upon lease-up. With that, management expects to pursue additional tenants to help maximize occupancy on the rooftop.
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.