Reston, Virginia (PRWEB) January 07, 2013
Wireless infrastructure development and management firm, Milestone Communications, announced the close of its third fund at $35 million. The firm plans to continue its investment strategy of developing and managing wireless towers through private-public partnerships in the Mid-Atlantic region.
Milestone was founded in 2000 by real estate developer Len Forkas. Forkas has over 25 years of experience in land development, specializing in mixed-use sites in the Greater Washington, DC region. Since Milestone’s inception, the firm has developed and managed 75 wireless towers and currently manages a bank of more than 1,000 potential wireless infrastructure sites.
“We appreciate that so many investors who have been with us from the very start continue to support our strategy,” said Forkas. “With this fund, we plan to continue to partner with public landowners to develop wireless infrastructure that serves community needs.”
Milestone is the leading developer of wireless towers in partnership with schools. The firm also partners with electric cooperatives, government and other public landowners. Milestone creates recurring revenue opportunities for its partners and increases wireless capacity through developing wireless towers when and where they are needed.
About Milestone Communications
Founded in 2000, Milestone Communications is the leading developer of wireless towers in partnership with school and government landowners, enabling them to direct millions of dollars annually to educational and extracurricular budgets. Milestone solves network coverage priorities for the wireless industry efficiently and reliably by working closely with local communities to provide solutions that are aesthetically and functionally optimized for their environments. Milestone has developed and managed over 75 wireless towers over the last 12 years and currently manages more than 1,000 potential wireless infrastructure sites in the Mid-Atlantic region. For more information, visit http://www.milestonecommunications.com.