Wireless Realty Advisors (WRA), an owner, operator, and manager of wireless infrastructure assets, announced the closing of $120 million WRA Fund III (WRA III). This closing represents WRA’s fifth equity investment with Peppertree Capital Management and is focused on continuing to invest in acquiring wireless real estate assets throughout the U.S.
WRA also announced the promotion of James Huth to President. Huth has been with WRA for seven years and has been instrumental in the company’s growth. Since joining, Huth has developed new sales channels, improved workflow processes, and increased acquisitions year over year.
WRA is also expanding its senior management team by adding Jeff Pasternak as Vice President of Acquisitions. And Pasternak brings over 20 years of experience in telecommunications and real estate to the company, leveraging his expertise to drive WRA’s growth. Before joining WRA, Pasternak served as Director of National Real Estate Business Development at Crown Castle, where he led the acquisition and expansion strategy of wireless infrastructure assets throughout the country.
KEY QUOTES:
“What makes WRA such a strong competitor in the market is four-fold: data, scalability, customer acquisition cost, and experience. Since our introduction to the market 30 years ago, we have always been passionate about how data can be leveraged to create better operating efficiencies and scale. For WRA, data is more than just one of several hundred thousand dots on a map – it’s a relationship builder and a strategic tool that we will continue to grow and inject into our business model.”
“As we start 2025, WRA continues to build momentum in the wireless infrastructure acquisitions market. We will continue to develop long-standing relationships with the thousands of cell site owners in our database and strengthen ties with vendors and managers in the marketplace. We are always seeking new partners and sales channels as we look to expand into new territories and deliver even greater value to our customers.”
- Tom Remillard, Founder and CEO of Wireless Realty Advisors
