Case Study: International Cell Tower Portfolio
AP Wireless is a worldwide cell site lease investment firm. The company is focused on the acquisition of tower and rooftop cell site ground leases. Having ownership of a ground lease entitles AP Wireless to all long-term contracted telecom revenues on the site from a diversified basket of mobile carriers and tower companies.
AP Wireless operates in over 18 countries with a core focus in major OECD countries and has a strong lessee credit profile with over 90% of tenants rated investment grade. The exponential growth in consumer demand for data and increase in the number of connected devices have been, and are expected to continue to be, significant drivers of growth in the wireless market. Telecom assets, cell sites, are integral to providing wireless telecommunication services. AP Wireless seeks to acquire assets that are mission critical for carriers in providing wireless telecommunication services.
The Fund invested in a bridge financing facility as AP Wireless looked to further expand their international business.
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AP Wireless International Cell Tower Portfolio
AP Wireless is a worldwide cell site lease investment firm. The company is focused on the acquisition of tower and rooftop cell site ground leases. Having ownership of a ground lease entitles AP Wireless to all long-term contracted telecom revenues on the site from a diversified basket of mobile carriers and tower companies.read more