Global Tower Partners – Lease Buyouts

Global Tower Partners (“GTP”) is based out of Boca Raton, Florida, and is the largest privately owned tower operator in the U.S., and the fourth largest independent operator in this sector. GTP owns, manages, or master-leases more than 16,000 wireless sites and over 40,000 miles of railroad rights of way throughout the U.S. GTP leases space on towers and rooftops to leading wireless communications providers, including AT&T, Verizon, Sprint, and T-Mobile. GTP was founded in 2002 and began operations in October 2003.

On September 6, 2013, American Tower Corporation announced the acquisition of Global Tower Partners. The acquisition of Global Tower Partners adds approximately 5,400 towers in the US, along with over 9,000 rooftop sites. The towers acquired from Global Tower Partners average a little less than two (2) tenants per tower, and, as result, have space for additional tenants to be located on those assets.

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American Tower is now looking to secure the Global Tower Partners assets that they recently acquired and will do so by a steadfast effort to engage cell tower landlords to purchase their Global Tower Partners leases. They will structure these transactions as deal that will pay a property owner a lump sum in exchange of a for the grant to American Tower of all landlord rights under the lease and a grant of a long term easement to the tower company.
This transaction is beneficial to American Tower as it secures the cell tower that they just made a large capital investment and the revenue streams associated with that asset.

American Tower will promote the fact that they can relocate the tower site if a property owner does not play ball. The only way to understand if this can happen is to truly understand the value of the cell site to American Tower now and into the future.

True value of any buyout is not based upon what your current rent is, but on what the utility and value of that site is to the party leasing it.

Vertical Consultants will evaluate your cell tower site and associated lease to determine the value of your lease. We understand that the value of your cell tower lease is not based upon the cell tower rent you’re being paid, but by the value of the cell tower site to American Tower.

We evaluate the cell site to determine how much American Tower has invested in their cell tower asset, the cell tower rents being collected by American Tower by way of their leasing out the tower, and the removal, relocation and restoration costs for American Tower if they can’t get you to sell your cell site lease.

Vertical Consultants will provide you with the information and representation you need and will assist you in the negotiation of all documentation associated with such a transaction to make sure you not only get the most, but give up the least.

Please contact us today for a free consultation and to discuss any cell site purchase 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.