Global Tower Partners Lease Buyouts and Extension Offers
Global Tower Partners is a tower company that has approximately 6,400 towers in the US, Mexico, and Costa Rica - and another 8,000 or so locations that they market as potential sites for wireless equipment. They are the largest privately-owned tower company in the United States but trail American Tower, Crown Castle, SBA, and T-Mobile towers in terms of the number of actual towers owned. In the last few years, they have entered into agreements to purchase Centennial-owned towers in Costa Rica, and negotiated agreements with various railroad operators to install towers along railroad rights-of-way. Global Tower Partners also recently acquired a portfolio of 1600 communication site easements under existing cell sites that are owned by other wireless carriers and tower companies. These sites were previously owned by Unison Site Management and were sold to Goldman Sachs (under the company name GS Global Infrastructure Partners I). That means that Global Tower Partners is not only a tower owner and rooftop management company, but they also act as a landowner who leases rooftop and ground space to other tower companies and wireless carriers.
Please note that Steel in the Air, Inc., is not affiliated with Global Tower Partners, and if you have mistakenly found this page while looking for Global Tower Partners, you should direct your browser to www.gtpsites.com.
Recently, Global Tower Partners agents have been contacting landowners under the towers that they own and asking the landowners to sell Global Tower Partners a perpetual easement underneath their lease area in exchange for a one time lump sum. The landowner may receive the offer either by a phone call or an unsolicited letter from Global Tower Partners. Upon commencement of the perpetual easement under the cell tower lease, the current lease agreement is terminated. Steel in the Air, Inc. provides consulting services to landowners who are considering a cell tower lease buyout offer from Global Tower Partners. If you are unsure whether you should sell to Global Tower Partners, we can review your location and help you understand what risk there is that Global Tower Partners could terminate your lease prior to the normal expiration. We can advise you whether there is additional upside from future users using the tower and whether you are giving up the possibility of getting additional revenue from the lease that you had not contemplated. If you decide that you want to sell or already know you want to sell, we can tell you how much Global Tower Partners and other companies will pay for your lease. We maintain a sizeable database that consists of thousands of lease buyout offers from GTP and other companies. As a result, we know how hard you can push for the sale of your lease.
If your Global Tower Partners lease is coming up for expiration or you have received an offer from Global Tower Partners to extend the current lease you have with them, we can help in this situation, as well. We are experts at reviewing these types of lease extensions. We have helped over 2,500 clients with lease related issues and can bring that experience to bear on helping you with your lease extension offer. We can advise you on whether it makes sense to extend now or to wait until closer to expiration. Since we don't work on a contingency basis, we aren't going to try to convince you to take a long-term deal that only benefits us.
If you have received an offer from Global Tower Partners to extend or purchase your cell tower lease, please contact us for a free initial discussion. We won't tell you what your lease is worth during the free call, but we will advise you whether we think it is worth your time to retain our services and provide a no-obligation quote for services.