TowerPoint Management Announces the Acquisition of TowerPoint from Land Lease Group
ATLANTA, July 22, 2014
TowerPoint today announced that it has acquired 100% of the shares in TowerPoint from Land Lease Group (LLG). TowerPoint is a leading institutional investor in cell site locations nationwide.
“We are very grateful to LLG for their partnership and significant contribution to TowerPoint’s growth,” said Jesse Wellner, Managing Director. “This transaction marks a notable achievement for us in that TowerPoint is uniquely the only institutional market participant, wholly owned by its senior leadership team. TowerPoint has always been an innovative first mover in the industry, from our site valuation and selection process to our programmatic customer relationships, to our partnership approach with site owners, our new corporate structure further distinguishes us in the market.”
“We are very proud of the work we have done over the years in successful equity partnerships with some of the world’s largest financial institutions. However, the opportunity to operate as an independent company allows us maximum freedom to focus on serving our landlord and corporate partners.”
TowerPoint is headquartered in Atlanta, GA with satellite offices around the US.
TowerPoint is a telecommunications infrastructure and real estate investment company operating throughout North America. We are the industries longest standing Cell Tower Lease Acquisition Company and continue to be a leading provider of capital and liquidity to cell tower site owners across United States. The company’s affiliate; TowerPoint Infrastructure Group acquires, owns, operates and develops wireless communications towers. TowerPoint’s leadership possesses over fifty years of combined experience, having directly invested over $1 billion in wireless communications infrastructure and real estate assets and advised on over $5 billion in related transactions.
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