Symphony Wireless, LLC, the dedicated cell site acquisition affiliate of Palistar Capital LP, and the exclusive manager of Palistar’s portfolio of wireless easements assets throughout the U.S., yesterday announced a new $200 million securitization of Palistar’s Easements Portfolio.
Bernard Borghei, Chief Executive Officer of Symphony Wireless, said, “As the largest acquirer of wireless easements in the United States, and the provider of the most competitive offers and most reliable execution in the market, this inaugural securitization represents an important milestone. We are committed to delivering value to cell site owners, wireless carriers, tower companies and our long-term investors, and are grateful to all of our partners in this transaction for their support in furthering this goal.”
Proceeds from the financing will be used to fund the acquisition of additional assets, distributions to investors and other general corporate purposes.
Omar Jaffrey, Founder and Managing Partner of Palistar and Founder and Chairman of Symphony Wireless, stated: “We are proud of the Symphony Wireless team and the continued growth of the business as it has become the leading acquirer of wireless easements in the United States. This investment grade financing reflects both the quality of our team and the outstanding strength of our portfolio’s asset base. The growth of our long-term capital base supports our ongoing expansion and acquisition efforts, and furthers our broader commitment to investing in high-quality digital infrastructure assets.”
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