American Tower Corporation is a publicly held company that is a leading owner and operator of wireless and broadcast communications sites in North America, that is headquartered in the Boston, Massachusetts area.
American Tower has local offices nationwide. The company was formed in 1995 as a unit of American Radio Systems, and was spun off from that company in 1998, when that company merged with CBS Corporation. Today, American Tower owns and operates over 34,000 sites in the United States, Mexico, Brazil, and India.
We averaged a 302% immediate increase in rents in 2020
American Tower is actively contacting their landlords in an effort to obtain extensions to the terms of the existing cell tower lease that they currently have in place. Landowners with lease terms over 15 years are even being contacted.
Why? Because American Tower, like other tower companies are doing their best to secure the existing cell site lease before a landowner can get the information or representation they need to get a even-handed deal.
You may have been contacted and presented the following:
- American Tower values our existing relationship with you and now is willing to extend the lease term for another 30, 40 or even 50 more years
- American Tower is willing to either have your cell tower lease continued to escalate at its current rate or willing to give you a one-time additional escalation or 10% or 15% at the end of the current lease term
- American Tower will provide you a one-time signing bonus of a few thousand dollars.
If you have been contacted by American Tower here is what Vertical Consultants can do for you:
Implement A Strategy – After we determine the unique features of your lease, your cell site and the value of the cell tower to American Tower, Vertical Consultants will recommend a strategy of how we can work with you to best position you in negotiation with American Tower for their continued use of your land. We will set forth the pros and cons of extending your current lease and construct a plan of how to structure your lease as it relates to maximizing rents, limiting lease duration, maintaining suitable escalation percentages, securing subtenant revenues shares, and limiting future use and development of your entire property.
Finalizing a Better Overall Lease – Vertical Consultants goal is get you a lease that looks beyond the immediate future and allows for a structure that will maximize the value of your American Tower lease throughout the lease term, while, at the same time, minimizing any terms that may be negative as it may related to your future development, disposition or even financing of your property. In 2019, we immediately increased rents for our clients by an average of 306%. Its simple, we do more than give advice, we get results!!!
Vertical Consultants continues to work with cell tower landlords to make sure they get the most, but give up the least.
We know you probably have a lot of questions regarding the pros and cons of any extension of your current cell tower lease and how it will impact you.
Please contact us today for a free consultation and to discuss any lease extension offer you receive.
Vertical Consultants is always open to providing you with not only references from clients we have assisted, but we will let you speak to them directly.