The Wireless Wise Guys Podcast, everything you wanted to know about cell tower leases but were afraid to ask, powered by Tower Genius, the USA’s premier cell tower lease experts.
Hey, YouTube. This is Steve with Tower Genius, and I wanted to talk briefly about cell tower lease buyout companies, and why they’re not all the same. You can have offers all over the board, really depending on the type of site that you have, depending on the location, depending on who’s buying it, depending on the lease terms, like the right of first refusal. And while it looks like there’s probably about 20 of these lease buyout companies out there, various tower buyers, hedge funds, tower companies, there’s only a small, like a handful of actual money sources where the funds are coming from. So you might think you’re having a competitive bid, and it’s the same company bidding against each other, and you really have no way of knowing if you’re the property owner.
That’s why we encourage property owners with a cell site that are thinking of selling, that have been contacted by one of these cell tower lease buyout companies to sell their rental streams, to give Tower Genius a call at 888-313-9750, because we’ve been dealing with these cell site buyout offers for well over a decade. We’ve seen thousands of them and we know who the players are, and we know who the knuckleheads are in the industry, who has better paperwork. You really have to choose wisely, and I would strongly urge you to do that.
I’ll give you a real life example of how we add value cell cell tower landlords. We had a client, let’s just call her “Lucky” the lucky cell tower landlord. That’s obviously not her real name, but Lucky came to us last year, she had negotiated for herself a telecom lease buyout transaction of around $2 million to sell the rental stream for the cell tower.
She thought she did a really good job, and she actually did do a very good job based on the information that she had available to her. After a 30 minute consultation with my business partner, Kevin Donohue, she ended up hiring us for a more in-depth consultation, and a few months later, with the advice and the guidance that we had provided to her, she obtained an additional $700,000 on the sale of that cell phone tower rental stream. Of course, results like this are not typical on every cell tower, but we see them often enough. So if you don’t want to leave money on the table, I strongly urge you to give us a call at 888-313-9750.