Wireless Investment Group is currently offering the highest prices paid for Wireless Rooftop Leases. The market has changed in the last 6-8 months and prices have reached an all-time high.
What has led to this upward trend in pricing? We believe it is a combination of things. First, low interest rates continue to drive prices up, while competition in the industry continues to push prices in the same direction. It is certainly a situation that is not sustainable in the long run, but this window is the perfect time for you, the Seller, to take advantage of the highest prices for wireless rooftop leases that you will see. If you are selling your Rooftop Leases, you must call Wireless Investment Group to get an offer.
We at Wireless Investment Group heard rumors that Global Tower Partners was possibly on the market, but it wasn’t until August 6th that Ruters announced, MacQuarie had put Global Tower Partners up for sale. Global Tower Partners owns approximately 6,400 towers and manages or leases more than 9,400 other sites in the US, Mexico and Costa Rica.
What does this mean for landlords with Global Tower Partners leases on their property? Not much really. If one of the big three US Tower Companies (SBA, Crown Castle and American Tower) buy them, they will just roll them into their portfolio and your check will just be coming with a different name on it. The lease buyout value that your lease currently carries will not be affected.
If you are interested in your lease(s) current value, please give us a call at Wireless Investment Group to the most up to date information.
AT&T’s acquisition of Leap will affect thousands of individual landlords across the country. This deal is not strictly a customer grab for AT&T, but also a purchase of valuable spectrum licenses. AT&T says that Leap’s PCS and AWS bands are “largely complementary to AT&T’s existing spectrum licenses”. That being said, you can expect AT&T to immediately, begin to use, any unused spectrum to further develop it 4G LTE network.
It was instantly clear to me and anyone else in the real estate side of the Wireless Communication industry that this will certainly mean the decommissioning of thousands of Cricket (Leap Wireless) sites around the country. The value of a Cricket lease instantly plummeted from a value of about 11-12 years of annual net revenue, to being worth about 3 years of annual net revenue. This is because as an industry we see it taking somewhere between 3-5 years for AT&T to evaluate the overlaps in coverage and complete the decommissioning of the redundant sites. As a comparison, many landlords have already received decommission letters from Metro PCS, who’s merger with TMobile was announced less than a year ago.
The Cell Tower Lease Buyout Blog is dedicated to helping cell tower owners decide whether or not they should sell their lease, and if they do, help, them get the highest price for the lease buyout.
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