StratCap Fund Converts From Private Offering to Public StratCap Digital Infrastructure REIT

Strategic Wireless Infrastructure Fund II, a private real estate investment trust, or REIT, focused on wireless infrastructure, has converted from a private REIT to a non-listed, publicly registered perpetual-life REIT known as StratCap Digital Infrastructure REIT Inc.

The non-listed, perpetual-life REIT intends to acquire and establish, operate, manage, and lease digital infrastructure assets, with a primary focus on data centers, cell towers, wireless easements and lease assignments, and fiber networks.

Strategic Wireless Infrastructure Fund II was launched in July of 2021, and, as of Feb. 7, 2025, the REIT had received gross offering proceeds of approximately $117,035,800 from the sale of approximately 5,752,700 Class A shares, 1,383,000 Class AX shares, 2,208,400 Class I shares, and 2,122,800 Class IX shares in its private offering.

Additionally, as of the same date, it had received aggregate gross proceeds of approximately $22.6 million from the sale of approximately 2,034,900 Class P operating partnership units and 216,600 Class PX operating partnership units in the operating partnership units offering.

The REIT reported that, as of Sept. 30, 2024, it had $123 million of total assets, including $109.7 million of digital infrastructure assets.

Under the StratCap Digital Infrastructure REIT moniker, the REIT is offering on a continuous basis up to $575 million in shares of common stock, consisting of up to $500 million in shares in its primary offering and up to $75 million in shares pursuant to its distribution reinvestment plan, in any combination of Class D common stock, Class I common stock, Class S common stock or Class T common stock.

StratCap Digital Infrastructure REIT also reported that the net asset value per share of each share class as of Jan. 31, 2025, was $10.2133.

In March 2024, StratCap reported that it was to be acquired by Australian asset manager HMC Capital for $28.5 million in cash and scrip.

StratCap is a privately held, global investment management platform. It said it is committed to providing access to dynamic asset classes and highly experienced investment professionals. The company is focused on a wide range of digital economy assets with an emphasis on digital infrastructure, sustainability, and technology-centric sectors.

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