American Tower Cell Tower Leases
American Tower Corporation is the second largest cell tower operator in the United States. In October of 2013 American Tower acquired smaller cell tower operator Global Tower Partners for approximately $4.8 billion. American Tower is a large savvy cell tower operator. When you have been approached by American Tower it is important to seek out cell tower experts such as Airwave Advisors. Lately we have seen a lot of activity from American Tower in the area of new cell tower construction and in requesting cell tower lease extensions.
New American Tower Cell Tower Leases
American Tower receives contracts from carriers such as AT&T and Verizon to construct new cell towers for the carriers to locate on. American Tower will either directly contact a property owner or contact a property owner through whats call a site acquisition agent. An initial offer is made to the property owner to gauge interest in having a cell tower lease and it is always below market. American Tower and the local cell tower lease experts they hire know the market and want to get the best deal for them, not the property owner. It is therefor important that you receive expert representation from cell tower lease experts such as Airwave Advisors to ensure you receive a fair market deal.
American Tower Lease Extensions
We have received a number of phone calls from property owners who have been contacted regarding lease extensions. Often they have been contacted through third party agents such as the Lyle Company or Tower Alliance.
American Tower’s cash flow is the cell tower on your property. If their lease is coming up for expiration or if it expires their cell tower is in jeopardy as well as the cash flow. To secure future cash flow American Tower has been contacting property owners years in advance requesting lease extensions. Often these lease extensions are not in your best interest since it locks you the property owner in for additional terms and American Tower typically has a 30 to 60 day termination clause. To get the best deal with cell tower lease extensions contact Airwave Advisors for expert consultation.
[blockquote cite=”Kenny M., Managing Partner, MAR Investments”] I met with Nick at my property and engaged his services to assist us with our lease renewal. Nick was very professional, timely, and obtained results that greatly exceeded his fees. I would highly recommend Nick’s services to any landlords that have cell tower leases coming up for renewals![/blockquote]
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