StratCap Digital Infrastructure REIT Completes Cell Tower Sale to Accelerate Shift Toward Core Data Centers
StratCap Digital Infrastructure REIT, Inc., a publicly registered, non-traded real estate investment trust, today announced the successful completion of the sale of 48 wholly owned wireless cell towers for a total purchase price of $55.1 million (the “Sale”). Following the transaction, DIR realized net cash proceeds of $38.5 million after accounting for closing costs, adjustments, and repayment of debt secured by or allocated to the sold assets.
Michael Weidner, Chief Financial Officer and Treasurer of DIR, highlighted the strategic significance of the transaction, stating, “We believe this transaction showcases our ability to successfully realize value for our stockholders by executing disciplined strategies across digital infrastructure assets. This Sale represents a key milestone in our ongoing efforts to optimize our portfolio and generate sustainable long-term growth.”
The divestiture of the Cell Towers is a critical step in DIR’s broader initiative to rebalance its portfolio toward other digital infrastructure sectors, particularly stabilized data centers. Management believes that data centers offer attractive risk-adjusted returns and align closely with long-term growth trends driven by the rapid expansion of cloud computing, artificial intelligence, and other technology-dependent industries. By reallocating capital from select wireless tower assets to data centers, DIR expects to enhance the overall quality and resilience of its portfolio while simplifying operational management.
The Sale of these 48 towers provides the Company with immediate liquidity, strengthening its balance sheet and bolstering its capacity to maintain and potentially increase distribution coverage for stockholders. “Our ultimate goal is to enhance the overall quality and resilience of DIR’s portfolio while driving long-term growth and returns for stockholders,” Weidner added. He emphasized that disciplined portfolio management and selective monetization of assets are central to DIR’s strategy of delivering consistent value and sustainable performance.
Despite the divestiture, DIR remains committed to the cell tower sector, recognizing its long-term potential. The Company continues to hold interests in approximately 150 wireless tower sites through a joint venture, maintaining exposure to this proven segment of the digital infrastructure market. Management views these remaining holdings as valuable assets that complement DIR’s evolving strategy and provide optionality for future growth.
The shift in focus toward data centers reflects broader market dynamics in commercial real estate. As enterprises increasingly rely on cloud-based services and AI-driven computing, demand for high-quality data center infrastructure is accelerating. DIR aims to capitalize on these trends by expanding its portfolio of core data centers, positioning the Company as a leading provider of reliable access to essential digital infrastructure. By investing in stabilized, high-demand assets, DIR seeks to generate durable returns and deliver enhanced long-term value for stockholders.
From a strategic standpoint, the Sale enables DIR to pursue several objectives simultaneously. First, it provides immediate cash inflows, which can be redeployed into higher-yielding or higher-growth segments of the digital infrastructure market. Second, it reduces operational complexity associated with managing a diversified tower portfolio, allowing management to focus on segments with the highest expected growth and stability. Third, it strengthens the Company’s balance sheet, enhancing financial flexibility for potential future acquisitions or capital improvements within its data center holdings.
DIR’s management emphasizes that the transaction is not a retreat from the wireless tower market but rather a targeted repositioning to capture emerging opportunities in digital infrastructure. By selectively monetizing certain tower assets while retaining core positions through joint ventures, DIR can maintain strategic exposure to towers while simultaneously prioritizing the development and acquisition of stabilized data centers.
Looking ahead, DIR plans to continue monitoring market conditions and technological trends to inform its investment and portfolio management strategies. The Company believes that the combination of disciplined asset management, targeted capital allocation, and focus on high-demand digital infrastructure segments positions DIR to deliver consistent, long-term growth and attractive risk-adjusted returns.
The sale of the 48 cell towers represents a significant step in DIR’s strategic evolution. By leveraging this transaction to accelerate its portfolio rebalancing, the Company is better positioned to capture the growth potential in core data centers, enhance operational efficiency, and strengthen shareholder value. DIR remains committed to maintaining a diversified and resilient portfolio that supports long-term stability and growth, ensuring that stockholders benefit from the Company’s disciplined approach to digital infrastructure investment.
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