Global alternative investment manager StratCap has added $90m (€82.7m) worth of digital infrastructure assets to its portfolio.
StratCap said that in the second quarter of the year, it bought digital infrastructure assets including 13 cell towers in the US and invested in a 127,000sqft data centre in Canada.
The 13 cell tower acquisitions included both individual and portfolio transactions with towers located throughout Missouri, Wisconsin, Florida, Tennessee, and New York.
The data centre asset, located in Toronto, was acquired as part of an institutional joint venture wherein StratCap took a minority stake in the property.
Todd Rowley, head of StratCap’s wireless infrastructure platform, said: “The ongoing deployment of 5G networks and continuous increases in mobile data usage are catalysing both growth and investor appetite in what we believe is a very resilient sector.”
Bryan Marsh, head of StratCap’s global data centre platform, said: “This is a mission-critical facility that plays a vital role in the digital economy. We are excited to align ourselves with a valued institutional partner to participate in such a dynamic asset with in-place rental income, exceptional tenants, and a value-add growth opportunity through potential expansion.”
Jim Condon, managing partner of StratCap, said: “Digital transformation is moving deeper into all aspects of the global economy and our personal lives.
”Digital infrastructure assets like cell towers, data centres, fibre networks, and the like, play a mission-critical role in making it all work, as well as creating a solid, scalable foundation for the future.”
To read the latest edition of the latest IPE Real Assets magazine click here.
