Melody Wireless Infrastructure, an affiliate of Melody Capital Partners, LP, announced this week that it acquired over 900 lease buyouts from Wireless Capital Partners (“WCP”). The acquisition almost doubled the size of Melody’s portfolio to over 2,000 locations. The price of the transaction was not disclosed however we would estimate that the transaction is valued in excess of $180,000,000.
How Does This Transaction Affect You?
If you previously sold your cell tower lease to WCP there is the potential that the agreement you signed with WCP has since changed hands. You may or may not receive a notice of an assignment, it all depends on the language in your buyout agreement.
If you have not sold your cell tower lease but are considering selling your sell tower lease, make sure you hire expert cell tower lease consultants such as Airwave Advisors to review your offer. Unsolicited offers are significantly below market and the best way for you to secure the highest purchase price for your transaction is to have an experienced landlord advocate in your corner.
How Can I Learn More?
If you are considering selling your cell tower lease, give us a call today!
*** Airwave Advisors is not affiliated with Melody Wireless Infastructure, Melody Capital Partners, or Wireless Capital Partners. The blog post above is offered strictly as an opinion. If you would like to learn more about Melody Wireless Infastructure you can visit their website at www.melodywireless.com. If you would like to learn more about Wireless Capital Partners you can visit their website at www.wirelesscapital.com. ***
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About Nick G. Foster
Since founding Airwave Advisors® in 2014, Mr. Foster has added value to over 400 clients ranging from the State of Nevada, City of Beverly Hills, to Habitat For Humanity. Mr. Foster focuses on cell tower lease renewals, buyouts, new lease negotiation, and cell site lease management. Prior to starting Airwave Advisors® Mr. Foster founded and led the Cell Site Services Group within nationwide commercial real estate services leader Cassidy Turley (now known as Cushman & Wakefield).