Cell Tower (Brett Reall)

Assisting public and private entities with cell sites, small cell leases and associated details. Wireless leases require expertise, put ours to work for you.

[Cell Tower (Brett Reall) @MyCellTower]

Verizon landlords who have been approached by Vertical Bridge to sign any documents: make sure you understand what you are signing. Despite statements that nothing in your lease will change, many times this may not be the case!

[Cell Tower (Brett Reall) @MyCellTower]

Yet more evidence of why it is important to get rooftop wireless leases right: https://t.co/Dt554ikAOs

[Cell Tower (Brett Reall) @MyCellTower]

Receiving calls from Vertical Bridge asking (or demanding) for signatures con consent to the Verizon/VB transfer. VB can't explain why the consent is needed if the lease isn't being transferred... Beware of signing anything you don't understand!!!

[Cell Tower (Brett Reall) @MyCellTower]

A wave of cell tower lease renewals here. This is literally a once in a lifetime event for wireless landlords to fix issues in leases. Make sure you address issues in prior leases, and if you need help - ASK! Most renewals extend leases out decades, getting it right is key.

[Cell Tower (Brett Reall) @MyCellTower]

RE Vertical Bridge-VZW tower mgmt agmts, VB supposedly not taking ownership, but notice letters appear otherwise. Be VERY careful about signing any letters from VB or VZW!

[Cell Tower (Brett Reall) @MyCellTower]

Calls and emails from Verizon RE Vertical Bridge transfer are getting more aggressive. Letters stating 'no change to lease' may not be accurate. Double Check Everything!

[Cell Tower (Brett Reall) @MyCellTower]

Seeing letter from Verizon to landlords announcing the takeover by Vertical Bridge. Some request the signature of landlords, stating no change to leases. In at least one case, the signed letter may have created significant changes to the lease... Verify before signing anything!

[Cell Tower (Brett Reall) @MyCellTower]

Wireless carriers are at it again with demands to cut rent or purchase leases from landlords. I just saw one purchase offer that looked to be $100k less than we'd expect in today's market. Don't take your first offer!

[Cell Tower (Brett Reall) @MyCellTower]

Just saw a letter from a wireless carrier announcing a new sublessee presented as an emergency service provider; no offer of compensation to landlord. Sublessee is actually a commercial paging/internet company who also services emergency providers. Details matter!

[Cell Tower (Brett Reall) @MyCellTower]

Seeing a new 'offer' from a tower company for landlords to 'participate' in a Right of First Refusal (ROFR) program, for a $5k signing bonus.
Be aware that accepting an easy $5k now can cost over $100k later if you sell the lease!
Not sure how? Ask for details.

[Cell Tower (Brett Reall) @MyCellTower]

Another example that claiming impact to property values won't stop cell site construction. Other factors must be included:
CT Supreme Court upholds Woodbridge cell tower, says property values don’t have to be considered https://t.co/DCCtUJw1UR

[Cell Tower (Brett Reall) @MyCellTower]

T-Mobile and Verizon plan to split US Cellular assets. This will impact US cellular landlords.
https://t.co/40JZwkhAp6

[Cell Tower (Brett Reall) @MyCellTower]

Are Cell Site consultants expensive? Depends on results. Recently had a customer come back who passed on our services and his non-cellular attorney handled all negotiations. They ended up losing rent, rev share, and control for 50 years. #Experience matters!

[Cell Tower (Brett Reall) @MyCellTower]

It was a matter of time before scams overflowed to the cell tower space.. Beware when asked for money to place a #celltower on your land!
#TowerOwners #TowerPortfolioshttps://wirelessestimator.com/articles/2023/north-carolina-catches-up-to-indias-ongoing-homeowner-lease-scams/

[Cell Tower (Brett Reall) @MyCellTower]

Our contacts at Crown Castle confirm confusion and increased workloads due to recent RIFs. Crown is working through some issues.. Landlords, don't expect quick answers working through issues with Crown in the short term.
#CrownCastle #TowerOwners https://t.co/HJtWNpKvB4

[Cell Tower (Brett Reall) @MyCellTower]

Cities must be sure they dot i's and cross t's when denying cell tower applications. AT&T sues the City of Walla Walla for denying tower at church and over day care. https://t.co/TIitNU1hz6

[Cell Tower (Brett Reall) @MyCellTower]

We consistently see sub-par work at decommissioned cell sites. This one is Sprint/T-Mobile. Landlords can and should enforce lease obligations to restore to the original condition.
Initial work and 'finished' product in photos... They will be coming back.

[Cell Tower (Brett Reall) @MyCellTower]

You are not imagining it... Cell phone coverage challenges discussed in this article.
Some missing items such as low-e glass blocking reception and in-building wireless, etc. but some good points discussed.
https://t.co/TgA0LcnnRw

[Cell Tower (Brett Reall) @MyCellTower]

If signing an LOI for a lease buyout, make sure the exits are clearly identified. After failing to reach an agreement after a year, one landlord wants out, but is being threatened with legal action by the tenant because the LOI only allows the tenant to terminate...

[Cell Tower (Brett Reall) @MyCellTower]

It appears that @verizonwireless has brought rent reductions in house where Md7, LyleCo, and Black Dot used to be preferred contractors. Same pitch, different person...