California-based Strategic Wireless Infrastructure Funds Management Inc. on Friday said it acquired a rooftop easement in New Jersey that supports wireless telecommunications equipment.
The easement is located in Paterson and 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 agreement. The company uses the rooftop as a strategic location to provide wireless coverage to its customers in the Paterson area.
The rooftop has the capacity to support up to three additional tenants, which management expects to pursue to help maximize occupancy on the rooftop.
Jerry Sullivan, chief executive officer of Strategic Wireless, said: “We are excited to continue to deploy capital into highly sought-after infrastructure assets that support critical, wireless telecommunications networks. We look forward to building additional lasting relationships with even more operators, developers and carriers as we continue to expand our telecom infrastructure portfolio.”