Crown Castle International Corp, d/b/a Crown Castle, is an American corporation that is the largest cell tower owner/developer, owning/operating over 40,000 cell towers in North America and providing coverage to 98 of the top 100 markets.
We averaged a 306% immediate increase in rents in 2019
Crown Castle is headquartered in Canonsburg, Pennsylvania. Crown Castle operates in the United States, Puerto Rico and Australia and provides mobile telephone coverage to 92% of the Australian population. Crown does lease space to wireless service providers, such as Verizon, AT&T, Sprint, and T-Mobile.
Crown Castle, has and continues to contact cell tower leaseholders looking to extend their current cell tower leases. This sometimes seems odd to property owners, especially those with 8, 10, or even more years remaining on their cell site leases
So why is Crown Castle contacting you today?
Securing Tower Revenues: Crown Castle is always looking for a way to secure revenues and calm the nerves of its investors. If Crown Castle is able to garner an extension of its current lease term it serves as a a form of a guaranty that Crown Castle’s revenues will not be interrupted. Crown Castle will not let you know the financial benefit that it will derive when it gets a lease extension, but Vertical Consultants will.
Rent Increases-What Should You Get: Crown Castle will usually want to you a ‘signing bonus’ to extend the lease.” The signing bonus is beneficial, but it is usually only a small fraction of what should be offered. A cell tower landlord would benefit if they understand the true value of the lease is to the cell tower company. Remember that getting a good cell tower lease is both getting it right today and throughout the term of the lease.
We work with landowners to make sure that if they are open to extending their current cell tower lease they “get the most, but give up the least”.
We know as a property owner you may have a lot of questions regarding the pros and cons of any agreement related to their cell tower lease, and this is even more so as it relates to a potential extension of your cell tower lease.
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.