Palistar Capital LP (“Palistar”), an alternative asset manager focused on mission-critical communications and digital infrastructure, has confirmed the completion of its previously announced U.S. wireless assets combination. The integration of the assets of its portfolio company CTI Towers, Inc. (“CTI”) with Palistar’s telecom easements portfolio has created one of the largest and fastest growing pools of wireless assets in North America.

The entity is comprised of approximately 3,000 operated, managed and/or marketed wireless assets across all 50 states and consists of a combination of urban, suburban and rural macro wireless locations with long-term leases from investment grade counterparties. The multi-thousand site asset pool is the result of a 6-year acquisition effort started by Palistar in 2019 and completed through hundreds of individual acquisitions to date.

In addition, Palistar recently completed a securitization of this asset pool that provides access to up to $515 million of institutional insurance grade debt capital. Symphony Towers, an affiliate of Palistar, will continue to manage the assets for growth, leveraging scale and operating expense synergies.  

Furthermore, following completion of the combination of these 3,000 wireless assets, Palistar announces that David Bacino, Operating Partner at Palistar, will assume the leadership of Symphony Towers and oversee the pool of assets and its growth.