StratCap acquires digital infrastructure assets worth $90 million

StratCap has acquired essential digital infrastructure assets worth roughly $90 million, which include 13 cell towers and a data center. The acquisition was announced during the company's recent Q2 earnings report. StratCap has acquired cell towers in Missouri, Florida, Wisconsin, Tennessee, and New York via individual and portfolio transactions.

AT&T, Verizon, and T-Mobile are among the primary tenants on the towers, as well as Dish, Wisconsin Electric Power Company, Wisconsin Power & Light, and an AT&T partner that supports AT&T's First Net Network, which is dedicated to first responders (police, firefighters, etc.). As part of a joint venture with Grain Management to acquire 55 Hereford Street in Brampton, Ontario, StratCap also bought a 127,000-square-foot data center in Toronto, Canada. The facility, which was constructed in 2013 and is located west of Toronto, is a Tier III data center with 10MVA of utility electricity and plans to expand to 27MVA.

The location was formerly a business facility run by Loblaw Companies Limited, a Canadian food retailer. The facility is adjacent to an office structure for Loblaw. The company has an Uptime Certificate for its Brampton Tier III facility. At the time of construction, the site belonged to Choice Properties, a Canadian REIT created by Loblaw to retain its real estate assets. Loblaw is a customer of Google Cloud. It is unknown whether Choice acquired the property or Loblaw wholly vacated the facility.