We averaged a 306% immediate increase in rents in 2019.
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.
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.
American Tower generates revenue from all the major carriers doing business in the United States.
American Tower is posed to continue its expansion across the globe, with concentrated expansion outside the United States, with almost 3,000 sites to be built this year.
As for existing American Tower cell site leases, currently about 30% of all present American Tower cell tower leases have less than ten (10) years remaining on their lease terms.
American Tower is making an aggressive play to secure their tower sites due to their business model being directly tied in to keeping these towers up and running, without interruption or costly relocation.
American Tower completes hundreds of cell tower lease extensions and buyouts, and, again, are ramping up their efforts to make sure their cash cow is not slaughtered.
American Tower seems to have made it a mission to get to its cellular tower landlords before they can get to consulting firms like Vertical Consultants. Vertical Consultants can not only assist the property owners in getting lease terms that align with the real value of the tower site, but can also assist them to not agree to terms that may negatively impact them and their properties.
Vertical Consultants continues to advise its clients of the opportunities they have regarding their American Tower lease.
If you have been contact by American Tower, then call us today, and we will review your lease and your tower site to see what options you truly have and how to optimize those options.
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.
Results Matter: In 2019, Vertical Consultants averaged a 306% immediate increase in rents being received by our clients. We get results by being the only full-service telecom consulting firm that can handle your telecom, real estate and legal questions all under one roof. No other consulting firm can say that, nor can they match our results. “Advice is Nice but Results are Better”