Lease Advisors and InSite Wireless Group Announce Strategic Partnership
Jul 29, 2014
LOS ANGELES, CA – July 29, 2014 – Lease Advisors, a leading cellular and billboard lease acquisition firm, today announced it has entered into a partnership with InSite Wireless Group, LLC (InSite). InSite, the owner, manager, and operator of wireless communication tower site facilities and distributed antenna systems (DAS) across the United States, Canada, Puerto Rico, and the U.S. Virgin Islands, has committed funding to support this strategic relationship.
"We are excited to have the opportunity to work with InSite," said Jarred Saba, CEO of Lease Advisors. “Pairing Lease Advisors’ proven leadership in cellular land acquisitions with InSite's substantial experience with ownership and operation of tower sites and DAS installations will create one of the strongest joint ventures in the wireless telecommunications infrastructure industry."
In addition to offering a superior customer experience and some of the most competitive prices in the industry for lease buyouts, Lease Advisors can now benefit from InSite’s considerable expertise in the wireless industry domestically and internationally. Unlike traditional lease aggregators who act similarly to brokers by selling off their lease portfolios, Lease Advisors is poised to leverage and maintain long-term partnerships with its landlords, while optimizing the lease portfolios it acquires with InSite through site marketing, lease renegotiations, and other services. With the new collaboration between InSite, one of the largest privately held tower companies in the United States, and Lease Advisors, an already highly successful lease acquisitions firm, both organizations are in prime position for significant growth.
According to David E. Weisman, President and CEO of InSite, “This strategic undertaking will allow InSite to grow at an accelerated pace by adding a division that fully understands the importance of long-term ground ownership in the wireless infrastructure business, while continuing to maintain and grow a quality tower portfolio. We are excited to enter into this relationship with the Lease Advisors team."
About Lease Advisors
Lease Advisors is a financial services and ground lease consulting firm that works with cellular and billboard lease owners on acquisition, negotiation, and financial or real estate issues related to ground leases. The company has overseen the direct acquisition of hundreds of cellular and billboard leases with individual real estate investors, businesses, non-profit organizations, and municipalities. For more information, please visit www.leaseadvisors.com.
About InSite Wireless Group, LLC
InSite Wireless Group, LLC develops, owns, and operates communications wireless infrastructure facilities primarily for the wireless and broadcast industries. InSite’s distributed antenna system (DAS) division specializes in the design, installation, operation, and maintenance of shared wireless infrastructure solutions that enhance the quality and capacity of wireless voice and data services in large public and private facilities. InSite’s tower division is one of the largest privately owned U.S. tower companies (as ranked by industry trade magazine RCR Wireless) and develops, manages, owns, and operates nearly 800 telecommunications towers and sites for wireless carriers across the United States, Puerto Rico, the U.S. Virgin Islands, and Canada. More information on InSite's business can be found at www.insitewireless.com.