StratCap Digital Infrastructure REIT Sells Cell Towers to Accelerate Rebalancing Toward Core Data Centers
StratCap Digital Infrastructure REIT, Inc. (“DIR” or the “Company”), a publicly registered, non-traded real estate investment trust, today announced that it completed the disposition (the “Sale”) of 48 wholly owned wireless cell towers for a purchase price of $55.1 million (the “Cell Towers”). The disposition generated net cash proceeds to the Company of $38.5 million after closing costs and closing adjustments and repayment of debt secured by or allocated to the Cell Towers. Michael Weidner, Chief Financial Officer and Treasurer of DIR, stated, "We believe this transaction showcases our ability to successfully realize value for our stockholders by executing disciplined strategies across digital infrastructure assets.”
