Never Expected to Sell
"I would like to thank you for all your help in assisting us to monetize our AT&T cell tower lease.
We had been approached by several different organizations seeking to buy our leases, but they all seemed in the class of sales‐types seeking to find a way to make a profit off of us. We had developed a policy of saying "Go away ‐ not interested".
Then Lease Advisors contacted us. From the beginning your approach was a little different, but we still said "Go Away," only you didn't. When we said it "was a bad time, we were reviewing the lease" you actually offered to help. So we tested you by asking questions about the cell tower business in general and when you provided clear answers and were obviously knowledgeable about the history and average terms of similar leases, we exploited your willingness and reviewed our current lease and what we might reasonably expect from a renegotiation.
Your advice was very helpful, particularly in the areas of annual increases in rent and the going rental rates. We found that AT&T had been paying us a substantially lower rent than what you indicated was the going rate, and our terms of annual increases were way below industry norms. We would never have known if Lease Advisors hadn't shared the information. You never predicated your help on our being willing to "sell" our lease to you, and never put us under any sense of obligation.
We kept in touch during our negotiations and once the new lease was in place you let us know approximately what it would be worth to you. It was more than we expected. We started inquiring as to what the other companies who were interested in buying our lease would offer.
As we considered our options, we became convinced that technology advances over the next ten years would change the cell phone industry and probably eliminate the need for large cell towers like the one occupying our bell tower. So, we discussed this risk with you because, as Christians, we would not sell Lease Advisors a lease that might become worthless in a few years.
You took the time to explain how your industry had insurance to cover this risk, owned various types of leases, were well aware of this risk, and had factored it into your estimate.
After another company tried to panic us into selling the lease to them by saying AT&T was in the process of terminating leases like ours, and ours was on their list, we decided to get a firm quote from Lease Advisors. You were not only the easiest to deal with, but your offer was significantly better, not only better than other companies were offering, but better than your initial estimate.
We are very satisfied with our arrangement. The paperwork was handled smoothly and professionally, the sale was completed exactly as you indicated it would be.
Thank you very much for your patience over several years as our various committees deliberated. You never seemed to tire of their seemingly endless questions, were always there when we needed answers. We never expected during our first conversation that we would ever sell, but it has been a good decision. We now have an investment that will pay us nearly as much over time as the lease might have, but without any risk of a termination.
We sincerely hope that this sale works out for Lease Advisors and that AT&T continues to pay rent for 40 more years."
Dr. Ira W. Pence, Jr.
Tenth Street Underwood United Methodist Church
×
Understood Our Needs
"On behalf of the Pacific Southwest District of The Wesleyan Church, I want to express my deep appreciation to you for the way you have greatly assisted our ministry. Our district owns multiple properties, some with cell sites.
You have helped us with numerous transactions over the years. You have been factual and educational, never pushy. You have the great ability to ask the right questions that contribute to your understanding our needs. Thank you also for your assistance in helping us to understand your industry.
In fact, your understanding our needs is what has allowed you to put transactions together. When we compared prices and contracts, you have always been the best, including giving us multiple options for the length of the contract. I deeply appreciate the fast turnaround that you have been able to acheive. You have closed transactions on time as promised. Your assistance with our lender has been excellent including assisting in making necessary adjustments in the NDA. Your counsel has been excellent in understanding our properties and needs.
You continue to be easy to work with and I highly recommend your firm.
"
Stephen F. Babby,
The Wesleyan Church
×
Very Good Price
"In late 2017, I began negotiating with our tenant, Crown Castle, who had approached our partnership with an offer to purchase two cell tower leases which we had on our commercial property. Not long after, a local CPA with whom we work recommended I contact Lease Advisors for a second opinion.
After a few discussions, I received a proposal from Lease Advisors. Initially, my reaction was to stick with Crown Castle. However, after carefully comparing the business terms, my reaction shifted. The terms provided by Lease Advisors allowed us to get a very good price for our lease and protected the value of the surrounding real estate.
For anyone considering the sale of a cell tower lease, I would strongly recommend getting an opinion from Lease Advisors. They rose to the occasion and delivered what they promised. "
Richard A. Rohan, Manager
Mesquite Rodeo Drive Property, LLC
×
Delivered as Promised
"I wanted to take a moment to acknowledge the professional service provided by Rob Korman and Don Ervin. From start to finish, it was a pleasure working with both of you and throughout the process you were prompt to answer questions and return calls.
For many years, I was an active real estate developer with many holdings throughout Florida. Along the way, I acquired two large properties which turned out to be suitable for cell towers. A developer put up the towers and I began collecting the ground rents. I subsequently developed the real estate and sold off the surrounding land but kept the land beneath the towers. For years, I had been approached with solicitations to buy these leases and to a point, I gave some of them consideration.
In May of 2018 I made the determination that it was time to sell the leases and began reviewing offers, In June we reached an agreement with Lease Advisors and provided our initial documents. Each of our leases contained a Right of First Refusal. Lease Advisors obtained the necessary waivers and shortly after the transaction closed the wire was received. During the process, Rob was always available by phone or email, kept his sense of humor, and delivered the transaction as promised. "
George R.
Clearwater, FL
×
Lease Advisors Had My Back
"Thanks for delivering as promised. I'm very happy with my decision to work with Lease Advisors on the sale of my Verizon rooftop lease. It was a pleasure working with Rob Korman who was on top of things and remained communicative from beginning to end.
Several years ago, we sold a similar rooftop lease to a company that has since gone out of business. When Verizon approached us to put a second site on our rooftop, I knew I wanted to sell the new lease and reinvest the lump sum so I began exploring different offers. In the end, I decided the combination of price, terms, and partnership being offered by Lease Advisors would be difficult to match. An agreement was entered into and shortly thereafter, the transaction closed.
Recently we had an issue with our tenant that Lease Advisors quickly remedied. The contractor who Verizon hired to install the cell site left several finishing touches undone, including failing to install the stealth panels which were part of the plans and required to disguise the equipment. Over several weeks, my office placed calls to Verizon and got nowhere; eventually we placed a call to Lease Advisors. Within two days of that call, Lease Advisors was in touch with the right individuals at Verizon and the matter was being handled to my satisfaction. It was a good experience and I'm very pleased to see Lease Advisors demonstrate that they still had my back, even after the transaction was completed.
Thanks again and if we ever get another lease on our property, I will certainly be in touch to discuss options for another lease buyout. "
Dan Lepore
Starboard Enterprises, LLC
×
Won My Trust
"I am writing regarding the tower sale that I just completed with Keith Larson and Lease Advisors for the sale of my Verizon cell site.
I had been in touch with Keith while negotiating this sale for many months and some of his competitors made many representations that were very misleading. After speaking with Keith and checking things out with my CPA and attorney, it was confirmed that Keith was spot on with regard to the promises he made. The process with Lease Advisors was very smooth and I was kept informed every step of the way. There were a number of things that I needed explained along the way and Keith was always available to take my call and address any concerns I had. He even addressed issues that I hadn't considered like, whether selling the tower to the tower company would result in my being taxed ordinary income instead of capital gains as I had discussed with my CPA or if selling to the tower company would mean my being stuck with a vacant tower on my land if the site was ever decomissioned. What really made the transaction pleasant was that Keith touched bases with me throughout to ensure that I was comfortable with the process and to inquire as to whether I had additional questions or concerns.
I would recommend Lease Advisors to anyone considering the sale of a cell tower. My experience with Keith has won my trust in his company.
"
Terry D.,
Ellenburg Center, NY
×
We Have No Regrets
"On behalf of the city of Dillon, South Carolina, I wanted to take a moment to thank you and commend your group on facilitating a smooth and efficient transaction. It has been almost six months since we completed the sale of our cell site lease and we have no regrets.
Prior to reaching a decision to enter the agreement with Lease Advisors, our city council reviewed multiple competing offers. The cell site we sold was located on a water tank owned by our city. While we had good use for the capital , we could not afford to give up additional property rights in exchange for a lump sum of cash. Therefore we were very critical of business terms. The structure of your transaction allowed us to maximize the value of our lease, preserved our property rights, and taking this under consideration, our city council voted to accept your proposal.
Throughout the process, Rob Korman & Michael Garcia were available and responsive. Since closing they've remained available to consult with our office on other cell site opportunities. It was a pleasure working with Lease Advisors and given the opportunity, we would gladly work with you again. "
Glen Wagner, City Manager
City of Dillon, SC
×
Responsive & Helpful
"It is my pleasure to write this letter for Lease Advisors. The City if Woodstock worked with Rob Korman and his team to sell several cell tower leases in July of 2018. The city received several offers for the leases and selected Lease Advisors from the group. The decision to work with Lease Advisors was made primarily based on the price of their offer and their professional reputation.
Shortly after we reached an agreement on the terms of the acquisition, the Sprint/T-Mobile merger was announced. Given that our leases were with these two companies, this announcement certainly had opportunity to complicate our transaction. Rob and his team helped us successfully navigate the changing environment and ultimately close our transaction to the satisfaction of all parties.
The team at Lease Advisors was always very responsive and helpful during our transaction. I found them to be very fair and committed to creating a result that was satisfactory to all involved. I would not hesitate to do business with them again. "
Jeffrey Moon, City Manager
City of Woodstock, CA
×
Well Done
"We are writing this letter to express our gratitude and thanks to Keith Larson and his coworkers at Lease Advisors for an excellent and well done job regarding the selling of the cell tower lease on our property in Swan Valley Idaho.
We really had no idea about the process of selling a cell tower lease, but Keith guided us smoothly through the process, we hardly had to do anything, Keith and his team did it all.
He was always very helpful, polite, and cheerful (this was all over the phone), he was always available, we even phoned him with a question on his vacation in Hawaii.
We can highly recommend him and his coworkers at Lease Advisors, we thank them for all the hard work, especially Keith with whom we were in contact almost daily.
If you have any questions or need information, feel free to contact us.
"
Toni & Ferrell B.
Idaho Falls, ID
×
Very Satisfied
"I am writing a testimonial for the dedicated work and endless cooperation of Lease Advisors and to thank Keith Larson and Paula Goche for their work on the sale of our Willmar, MN cell tower site.
My attorney and I negotiated a lease for a lot more money but my attorney advised that I was giving up too many rights that in the end would hurt my facility and surrounding property.
I was very satisfied dealing with Keith and his company and would recommend his expertise to anyone interested in selling the lease on their cell tower.
"
Russ Bennett, President
Bennett Office Technologies
×
By Far The Most Professional
"I was approached by many companies over the years wanting to purchase my cell tower lease. When I finally took the time to really talk to a few of them to see what the value was and get an understanding of the sale procedure the representative at Lease Advisors by far the most professional. Throughout the entire process I was kept well informed and treated with the utmost professional respect. This was a complicated transaction and the back office team handled every detail perfectly.
I highly recommend Lease Advisors if you are considering selling your lease.
"
Russell A.
Calabasas, CA
×
Went Above & Beyond
"I am writing this letter to express my sincere appreciation for the hard work and diligent effort performed by your team in getting the cell towers on my building sold. We are an underserved primary care practice and needed additional space for our growing patient population. Finding an affordable space had proven very difficult.
It was brought to my attention that we could purchase an available building that had cell towers mounted on it, then sell the lease, recoup the down payment, and help with the needed tenant improvements to make the space usable for Primary Care.
This was a very difficult transaction for the bank to fund and Lease Advisors to transact. We were successful in large part due to the efforts of Keith Larson who went above and beyond to make it work. Keith's work ethic, expertise, and experience made a difficult transaction very doable. He never hesitated to bring in key people from his firm including the staff attorney and CEO to dislodge what seemed to be insurmountable log jams. I have been told that this deal was difficult by both Seacoast Bank and my attorneys and Keith's diligence and tenacity were invaluable in making this a successful transaction.
Thanks for making our dream of providing a safe and professional environment for our underserved community possible. It is my belief that efforts like this and people like Keith all too often go unnoticed and I want to express my sincere gratitude.
"
James L. Ali,
MBA, MS PA-C
CEO /Founder YNHC
×
Eased My Apprehensions
"I want to thank you for the personal attention you gave me on this transaction as you were always available to help answer my questions, especially when I was apprehensive about selling the lease to my cell tower.
Lease Advisors provided a very competitive offer with flexible terms that were able to meet my needs and were very easy to work with throughout the entire process. I can't think of a single time I called you that you didn't take my call.
Lease Advisors legal worked with my attorney on the closing documents and did all the work with the mortgage company to obtain the necessary NDA. Between Lease Advisors and my attorney I had very little involvement in the process as they handled everything and made it simple for me to sign and return the documents.
Thank you again for your persistence in making this happen.
"
Dave M.,
Dillsburg, PA
×
It Was a Pleasure
"It was a pleasure to work with Keith Larson & Lease Advisors on the sale of my American Tower and Verizon Wireless cell towers.
Keith stayed in constant contact with me every step of the way. He outlined how our transaction would unfold and it happened almost exactly how he predicted it would. Keith even stayed in touch with me while I was on vacation.
"
Veda W.,
Port Townsend, WA
×
Best Bona Fide Offer
"I am writing a testimonial for the dedicated work and endless cooperation of Lease Advisors and Keith Larson for their work they completed on our Castro Valley, CA cell sites.
I was not aware of the cell tower site lease process and holding my hand AND teaching me how to find out the prices, he did above and beyond the normal in educating me and was able to win the bid.
There were multiple companies I was dealing with and he and his company gave me the best BONA FIDE offer.
Other offers were not even close and he and his company finally won the deal.
I was SO happy to deal with Keith and his company that I would recommend his expertise to anyone that was interested in selling the lease on their cell towers.
I will also be available if you wish to speak to me and Keith can supply you with my contact information.
I again would HIGHLY recommend Lease Advisors and Keith Larson for any further transaction that I might have.
I wish you luck in your venture but be advised that you are dealing with the BEST and a REAL professional in this matter. "
Barbra C.
Baltimore, MD
×
Most Efficient Group
"I very much enjoyed working with you on the sale of my cellular lease and I appreciate all of your hard work. Your entire organization exceeded my expectations. Not only did Lease Advisors offer a reasonable price and professional assistance, but the entire staff worked tirelessly to accomplish the lease assignment. I wish I could say my deal was quick and hassle free but I can’t. The first company that I went with gave up after trying for a year to get the deal done. Lease Advisors never gave up and finally got the deal done, I believe I hold the record for the deal that took the longest.
If any person is interested in selling their wireless lease, I would strongly recommend working with Lars and his team at Lease Advisors. They are truly the best!"
John L.
Claremore, OK
×
Top-notch Customer Service
"I wanted to write this letter to let you know about our experience with Lease Advisors and the acquisition of the cell tower lease with our school.
High Desert Montessori Charter School, in Reno, NV was in need of additional funding in order to purchase an empty lot for school expansion. We were put in touch with Mr. Rob Korman with Lease Advisors to see if there would be a possibility of selling our cell phone tower leases. Mr. Korman was able to walk us through the process and remained available with any questions we had throughout this transaction. He provided us with ongoing and timely support from the beginning of the process through the end which culminated in Lease Advisors purchasing the cell phone leases from the school.
With the sale of the cell phone towers, High Desert Montessori Charter School was able to purchase the empty lot and has additional funding to start our process with the development the property. We plan on adding much needed additional classroom space, a community center, and more gardens for our outdoor learning environments.Without the help of Lease Advisors, this dream for our school community would not have become a reality.
I would highly recommend other organizations looking to sell their equipment to work with Lease Advisors. Their communication and customer service was top-notch."
Tammie Stockton, Principal/Director
High Desert Montessori Charter School
×
Delivered on Their Promise
"Our first contact with Lease Advisors sales representative, Aaron Rink, was in March of 2015. From the very first phone call, Aaron was a great representative of Lease Advisors. At the same time in the early spring, we were contacted by at least 4 other cell tower sales departments.
Aaron was the most professional, answered all our questions, was patient while we made our decision to sell our current lease, and always followed through with what he told us he would do. It was very comforting to work with someone that did what they said they would do. We can honestly say Aaron was instrumental in our decision to sell, although everyone at Lease Advisors was great to work with.
Please let Aaron know we appreciate his patience and professionalism. If the situation ever presents itself, we would happily provide a recommendation for Lease Advisors to anyone looking to sell their cell tower Lease.
"
Jeff Frase
Frase Crop Consulting, LLC
×
Very Knowledgeable
"It was a pleasure doing business with Lease Advisors. I was most impressed by your knowledge of the history of the lease and your patience explaining the process to me. Also, I appreciated the way your staff responded to my calls promptly and courteously.
Everyone was very professional and made the transaction as smooth as possible.
The process went along as agreed and the funds were deposited quickly upon closing. I would recommend Lease Advisors to anyone entertaining selling their telecom lease rights.
"
Deborah D.
Newport Coast, CA
×
Accommodating and Flexible
"My real estate investment firm, M & D Management, recently completed the sale of Verizon rooftop lease on one of the apartment buildings we own in Chicago. Rarely have I dealt with a company of any type that was as honest, flexible, and responsive as Lease Advisors.
Lease Advisors gave me an excellent deal and was willing to work with my group's timelines of finding a new property to complete a 1031 exchange I swap. They were also very accommodating and flexible in working out the language and edit requests my attorney had on their documents. That sort of flexibility coupled with virtually immediate responses to all of our communications, made working with Seth Aiken and Lease Advisors a pleasure. Of course the all-important test is in the execution, and they passed that with flying colors. They closed on the date they said they would and had the funds transferred to the Qualified Intermediary handling the 1031 exchange. I am now in escrow to purchase an additional multifamily property in Chicago, which couldn't have been accomplished without the proceeds from the sale of the lease.
In conclusion; I very happy with the decision to sell the lease, and thank the entire team at Lease Advisors. If I am fortunate enough to get an additional cellular site on one of my buildings, I will definitely be reaching out to Seth to discuss a 2nd transaction."
Michael Deitch, President
M&D Management
×
Successful Transaction
"My company recently completed the sale of a Verizon lease and easement to Lease Advisors.
Rarely have I dealt with a company of any type that was as honest, flexible, and responsive as
Lease Advisors.
I received an excellent deal, Lease Advisors was willing to tweak their deal terms and modify their documents to meet our specific requirements.
That sort of flexibility, coupled with virtually immediate responses to all of our communications,
made working with them easy. Of course the all-important test is in the execution – and they
passed that with flying colors as well. They closed by wire on the appointed day without a
hiccup.
The transaction was so successful for my company that we are already looking at a second
opportunity with Lease Advisors.
"
Jonathan C.
Bethesda, MD
×
Hassle Free Closing
"I enjoyed working with you on this transaction and appreciate your hard work in completing the transaction on a timely basis. Your entire organization exceeded my expectations. Not only did Lease Advisors offer a reasonable price and professional assistance, but the entire staff worked tirelessly to accomplish the lease assignment. The closing was quick and hassle free.
If any third person is interested in selling their wireless lease, I would strongly recommend working with Lars and his team at Lease Advisors. They are truly the best!
"
Max K.
Florissant, CO
×
Extremely Pleased
"I want to thank you for the wonderful job you did with the sale of my Crown Castle tower lease. I found you to be very easy to work with as well as extremely knowledgeable and professional. I had several offers from other companies but felt you had been most thoughtful in reviewing my lease and providing different options. I also appreciated how you kept me informed throughout the process and how quickly you were able to close. I would certainly have no problem recommending you to anyone with a cell tower looking for guidance on their lease.
"
Gladys W.
Atoka, TN
×
Excellent Service
"We at The Well Community Fellowship of Modesto, appreciate the opportunity to share our appreciation for the excellent service we received from Lease Advisors. We are a church and had no knowledge nor experience with what needed to be done and to have in place to complete our transaction. The transaction began December 2016 and was finalized September 19, 2017.
During this period of time, Seth Aiken, director of acquisitions for Lease Advisors patiently guided us step-by-step, explaining what needed to be done and what documents we were to make available. He was constantly in touch with us via emails, phone calls, etc. He was very supportive and never tired of explaining the process.
We strongly recommend Seth Aiken and Lease Advisors. They are very professional and knowledgeable."
Margaret D. Adams, Financial Administrator
The Well Community Church of Modesto
×
Efficient and Professional
"Thank you for all your hard work in completing this transaction. This was the first time I have gone through the lease sale process. Lease Advisors was very efficient and professional throughout the process.
From top to bottom, your organization exceeded my expectations. Not only did Lease Advisors offer a great purchase price, but the structure of the transaction allowed me to accomplish my financial goals. The entire Lease Advisors' staff had a comprehensive understanding of what it took to quickly and efficiently facilitate the purchase of my wireless lease.
I would definitely recommend Lease Advisors and Tony Louis to anyone looking to monetize their wireless lease in the future. "
Daniel P.
London, OH
×
Easy to Work With
"I wish to extend my sincere appreciation and gratitude for the fine work you did on the sale of my American Tower cell tower lease. I found you to be very easy to work with, professional, and proficient.
Your closing process was smooth and transparent and most importantly, timely. I liked how you kept me informed about each step of the process and were always available when I called.
It was a pleasure doing business with you and I would highly recommend you and your company to any property owner Iooking for advice on their cell site lease."
Janet B.
Jackson, TN
×
Met Our Needs
"I was on the internet a few months ago and saw the Lease Advisors online advertisement.
Little did I know how things would turn out. I did want a better deal on the tower, which was my desire, but the odds looked against me and the internet disclosed dangers in contracts made with others. I felt lucky to have had the tower on my property since 1986.
Later, when I contacted T Mobile I was basically told “We can move the tower to another location, so don’t give us any trouble” in so many words, "...particularly if you want more money for rent." Lease Advisors ultimately came up with the best deal years later after the tower contract had changed hands repeatedly without anyone making disclosures to me, until each deal was done.It was great to even talk to someone about what was to become of the tower deal. There was another party wanting to complete a rental agreement with me. Soon it became apparent that their agreement had a poison pill or two that I had no business accepting, so Lease Advisors went to work in conjunction with myself and our attorney to reach a very acceptable agreement. Not only did we reach an agreement but the experience also became educational and intellectually fulfilling for myself and my family."
Carleton H.
Plano, TX
×
Honest Approach
"We had many offers in dealing with selling the lease on our cell site. Our decision was to go with Lease Advisors.
Andrew Miller worked with us in making this happen in a very timely manner. From start to finish it was a pleasure to work with Lease Advisors. Whatever they promised, they came through. We wanted to close by year-end 2014 and they made it happen. They made the transaction very smooth.
"
Jack W.
Los Angeles, CA
×
Easy Transaction Process
"I would like to take this opportunity to thank you for your efforts in assisting with the purchase of my cell tower lease. I was somewhat hesitant going into this transaction, having worked with another company in the past, to no avail. The other company was not able to obtain the necessary signatures from the mortgage company and left all that leg work to me. Lease Advisors worked very hard and was able to obtain the cooperation necessary from the mortgage company to accomplish the sale. The transaction required very little effort on my part, as Lease Advisors handled all of the paperwork and legal requirements of the transaction. I was kept apprised of the situation at all times and felt as though I could reach out to you at any time to answer any questions that I might have. The level of customer service that I experienced with your company was greater than I expected and quite refreshing in an era where emails and texts seem to qualify as quality personal interaction.
Lease Advisors offered better terms than the other companies than I had dealt with in the past.
This transaction allowed me to utilize those future revenues that were tied up in the lease.
Thank you again for your assistance. I would gladly recommend you and Lease Advisors to
anyone who is thinking about selling the lease on a cell tower.
"
Jason D.
Georgetown, TX
×
Honest Approach
"I wanted to take a moment to thank you for your assistance in the sale of my AT&T tower in Georgetown, KY. Working with you was a pleasure. You were very helpful and knowledgeable about the documents needed to complete this transaction.
I was extremely satisfied with the entire process. The negotiated price was absolutely an improvement from other offers I had received. You delivered exactly what you promised and completed the transaction in an unbiased and proper manner.
I will certainly recommend Lease Advisors to anyone interested in negotiating a cell tower or leases.
Once more thank you so much for your help!
"
Ronnie S.
Georgetown, KY
×
Very Pleased
"We very much appreciate the time and effort that Keith has put into our transaction. He has done a great job and we hope everything will work out for the good, as we’ve been promised.
Thank you again.
"
Anna Mae R.
Kalona, IA
×
Exceeded Our Expectations
"I just wanted to write and thank the staff at Lease Advisors for the professional manner in which our cell tower transaction was handled from the initial negotiations all the way through the closing and funding.
Our transaction was not the normal cell tower conveyance yet you were flexible and you were willing to work with us within our parameters.
It was a pleasure to work with a team that did exactly what they said they would do, which is unfortunately a rarity in today’s business world.
I would be pleased to recommend Lease Advisors to anyone else looking to sell their cell tower interests.
"
Keith T.
Pearsall, TX
×
Unparalleled Professionalism
"The package of fully executed documents regarding our sale of the lease rights to the Sprint cell device arrived via express delivery yesterday. That, along with the wire transfer we received on Monday, complete our transaction with you.
I want to convey my thanks, and thorough satisfaction with the manner and expeditiousness that Lease Advisors handled and ultimately consummated our transaction. The professionalism and ethical dealings of your team are greatly appreciated by me and my Go Bears Go! partner.
Now that the dust has settled from this transaction, let's go on the next one. We look forward to being presented with additional "revenue sharing" opportunities. We have sufficient roof space for at least one more cell device, and will gladly build more roof to accommodate several more!
Please feel free to use my name and our LLC as a reference to other potential parties with whom you are considering doing business. It has been a pleasure working with you. "
Mac McFarland
Go Bears Go! 3626 LLC
×
Extremely Knowledgeable
"It’s not often that I get to write a letter like this one. Having been a businessman for forty years, it is rare to have an opportunity to work with a company that exceeds expectations, and offers professionalism, trustworthiness, and dependability. Lease Advisors provided me with that rare opportunity. You were extremely knowledgeable, hardworking, and meticulous in the job you preformed. You made the sale of my cell towers a seamless transaction. I am extremely satisfied with all aspects of your company and very pleased with the choice I made in working with Lease Advisors. I will not hesitate to recommend your company should I have the opportunity.
"
Robert M.
Naples, FL
×
Job Well Done
"In 1997, my family leased a portion of our 81 acre property for a cellular tower. Over the years, I’ve resisted countless solicitations to sell our lease. Recently, as multiples have grown due to unprecedented and sustained low interest rates, I decided to sell the lease for tax considerations and long term financial planning. I contacted four companies to create competition and maximize the present day value of the lease.
My request to each of the four companies was simple: Give me your best offer including terms up front with no games. Lease Advisors listened and took my directive seriously. Your offer was the highest, and you were committed to completing the transaction prior to year-end within an extremely tight timeframe. To further complicate things, I discovered, what could have developed into major problem due to time constraints, all copies of the original lease and subsequent extension were missing Exhibit A-1 (survey and legal description of the lease area, access and utility easements). In spite of two holidays falling midweek during the closing process, a field survey was quickly arranged and the entire transaction finalized as promised.
I congratulate your staff, especially Sarah Bates, Senior Transaction Manager, who worked beyond the call of duty during the holiday weekend to ensure the transaction was complete prior to year-end. From an individual not easily impressed, I extend my heartfelt appreciation for a job well done.
I recommend Lease Advisors without reservation.
"
Jackson D.
Smithfield, RI
×
Met Our Needs
"In the final moments of 2014, as the days of December dwindled and when it’s difficult to get anything accomplished I had lost hope there would be a closing for our cellular lease. Our team was depending on a closing in the calendar year and the hurdles seemed too great. Somehow the Lease Advisors team worked out a resolve with the bank, the title company, and the attorneys who were very diligent covering each detail.
It was a pleasure working with the staff at Lease Advisors over the two plus months. We put the Highland Building tower lease on the market to lock in a good return to put towards debt and improvements. After a few back and forth negotiations between your company and a handful of others, you were able to satisfy all of the owner’s concerns and close sooner than expected.
Thank you for your persistence in the deal.
"
David W.
San Antonio, TX
×
44 Day Close
"We enjoyed working with Rob Farrell & Lease Advisors on the purchase of our cell tower parcel.
It was an overall positive experience working closely with their team who proved to be quite professional, efficient, and responsive. The only ‘hitch’ came when we requested a physical check disbursement to occur at the signing table, which we learned is not standard protocol in the tower acquisition business given somewhat unique title review and insurance requirements. Rob and the closing team were however flexible enough to work with us and accommodate our request, resulting in a smooth table closing experience.
Lease Advisors was able to meet our target price, and the entire process from start to finish took only 44 days. The proceeds were split three ways as the interested parties had different goals, one being a tax-deferred 1031 exchange property purchase.
We’re happy with the outcome and would recommend Lease Advisors to any fellow property owner thinking about selling their tower or billboard lease.
"
Fred & Imogene S.
Cumming, GA
×
Made our Transaction a Success
"Recently, TBM had the pleasure of working with Keith Larson, Randy Roa, Sarah Bates, and Seth Trejo of Lease Advisors on a fairly complicated transaction involving the assignment of TBM’s telecom leases. I mention each of them by name because each was involved according to their respective specialties in making the transaction a success.
I also want to emphasize that at a crucial, mid-point in our negotiations, Lease Advisors came up with a creative solution that brought us into agreement and to final closing. It was this “second effort” when both sides could have walked away from the deal without hard feelings on either side that the team at Lease Advisors came through. And for this, we at TBM give them our greatest respect and endorsement to others as a firm that can be trusted to work with.
"
John Maslanik,
V.P. & Corporate Secretary
×
Patient and Accommodating
"This correspondence is written to thank you for your firms participation in the closing of our cell tower lease transaction. The funds were transferred and the transaction is now complete. All aspects of the transaction were accomplished just as they were represented by your firm.
The transaction was handled smoothly, with extreme patience and professionalism, all the way through by your firm. This patience was probably tested as we introduced a 1031 exchange to the process at the last minute. We found Lease Advisors more than happy to work with us to accommodate the added burden of the 1031 procedure. Your efforts are appreciated as this will, as you know, allow us the greatest opportunity to minimize our tax liability resulting from this transaction.
Thanks again for your efforts.
"
Mark W.
El Cajon, CA
×
Very Flexible and Accommodating
"I understand that you have other clients that may benefit from our experience in setting accumulated financial losses against a capital gain that would result from the sale of telecommunication lease(s) instead of being paid a rental brought forward. I am happy to help provide our personal views on this matter and provide our direct experience to any of your clients that want to convert their long term positions into a cash asset in the form of cash while minimising the taxation that they would ordinarily be subject to under alternative 'normal' arrangements.
We considered the concept of converting long term rental income that incurred a tax liability and completed a Net Present Value of the current income streams from Telstra and Optus over 20 and 40 years and found that we could use the value to grow our farming enterprise better than the annual revenue that we received. Once we had made our decision to sell our leases in Telstra and Optus telecommunication towers it was a matter to better understand the way that the sale could be completed without losing too much of that value in taxation. It was clear to us and our accountant that a substantial portion of the sale proceeds would be lost to the government if we accepted a rental income brought forward. In our case we have accumulated some capital losses that burdened our financial statements and we wanted to offset those accumulated losses against a capital gain that resulted through the sale of our existing leases that are assists.
In order to do that we needed Lease Advisers to recognise that we required the sale of the telecom leases to be executed as a capital sale rathe than bringing forward rental income that would be taxed in the year that it was received. As you know, I am neither a lawyer or accountant but it made complete sense to us to realise a better financial outcome from a capital gain by offsetting it against our accumulated capital losses. In our minds and that of our accountant the process required Lease Advisors to adjust their acquisition model to allow the creation of a Deed of Sale for the capital sum and a concurrent lease that was a servant to the Deed of Sale that leased the assets for $1 per annum on call. While this concept was relatively simple it did require Lease Advisors' legal and accounting team to accept and supper the sale process. I can happily say that your team were up for the challenge after we worked together to better define what we both required from the sale. Lease Advisors required a lease document that would satisfy their legal and insurance requirements and we needed the capital gain that we could offset. After the non legal members (you and me) helped the legal team understand what we were after the sale process moved along.
The key feature that we need to stress is that we found Lease Advisors to be very flexible and receptive to alternative sale processes and at no point was it just too hard and adopt the 'take it or leave' style of negotiation. We really appreciate your approach to the contract negotiation and the supper tho adopt a different model to meet both our needs rather than the usual approach by others. I do understand other views about the "lost" income from the assets once they are sold but your clients would benefit from developing their own Net Present Value and recognise that cash received in 10 or 20 years time with current lease escalation clauses of 3% or 4% is not worth very much in today's terms. Yes, every business must make a profit but at the decision to sell should be based on what the owner of the asset can do with the sale proceeds today and whether they have an accumulated capital losses that they can offset against any capital gain made through the sale to legally reduce their tax burden. Can they develop their farming enterprise to earn more than the lease escalation provisions and approach the discounted cash flow rate required by Lease Advisors? In our case we do believe that we can generate better returns than the 4% escalation that Telstar and Optus included in their leases.
I hope that this provides your potential clients with a view on how they an benefit from a sale to Lease Advisors and also I am happy to highlight how flexible and understanding you and your team were in developing a new approach to the acquisition of our assets. I would be happy to discuss the process that we went through to execute the sale to Lease Advisors with any of your clients to help them in making their decision.
Cheers,
Eddy Ostarcevic
Stuart Mill, Victoria.
"
Eddy O.
Stuart Mill, Victoria
×
Easy to Work With
"On behalf of the Pacific Southwest District of The Wesleyan Church, I want to express my deep appreciation to you for the way you have greatly assisted our ministry.
You have helped us with numerous transactions over the years. You have been factual and educational, not pushy. You have the great ability to ask the right questions that contribute to your understanding our needs. Thank you for your assistance in helping us to understand your industry.
In fact, your understanding our needs is what has allowed you to put our transactions together. When we compare prices and contracts, you have always been the best including giving us multiple options for the length of the contract. I deeply appreciate the fast turnaround that you have been able to achieve.
You continue to be easy to work with and I
highly recommend your company."
Stephen B.
Roseville, CA
×
A Pleasure to Work With
"It was a pleasure working with Lease Advisors on the purchase of our cell site. After years of frustration and delays in working with other companies that were unable to follow through on their commitments and complete the transaction, you did what the others couldn’t. You kept us informed throughout the transaction and continually came up with creative and flexible solutions to overcome the many complications and challenges that derailed the transactions for others. I was able to retire all the debts on my property and now have the peace of mind of owning my property free and clear. We intend on using the proceeds to enjoy our retirement without the worry of whether our month to month lease will be terminated or the rent renegotiated lower. Given, your expertise and competence in the industry and ability to overcome and continually communicate throughout the process I would recommend you and Lease Advisors to any site owner about selling their site.
"
Don G.
Warren, OH
×
An Amazing Job!
"Thank you for the amazing job you did with the sale of my Optus mobile base lease . I appreciate that you were always just a call a way day or night and readily available to answer any questions that I had or to provide an update on the process throughout the transaction.It was a pleasure to work with you and I would absolutely recommend Lease Advisors to anyone to sell their telecom lease.
"
Colleen S.
Womboota, NSW
×
We Were Very Impressed
"We recently negotiated the sale of our telecommunications tower lease to Lease Advisors. Although we had been approached by another company, after some consideration we chose to accept the deal offered to us by Lease Advisors because their proposal best suited our requirements.
We were very impressed with the way Lease Advisors handled the complete transaction and, in particular, the way we were kept informed at every step, and at no stage did we have to chase for information, of which we found very pleasing.
Our main contact throughout the entire negotiation was Mr. Petar Rajcevic, whom we found to be friendly, courteous, and above all honest. Petar was responsive to the numerous questions and concerns we expressed , either directly to him or through our legal representatives, communicating promptly with us via phone or email. Petar reassured us that the verbal commitment he had initially made on Lease Advisors behalf would be adhered to at contract and indeed any amendments that we had requested were adhered to.
At all times I personally felt at ease with Petar, with his likeable personality and no nonsense, forthright and honest approach to business.
All monies have been paid on time as promised.
We would have no hesitation in recommending Lease Advisors to anyone considering a similar transaction to ourselves.
"
Philip Jordan, Director
Gordon Rentals
×
Our Needs Were Met
"This was the most enjoyable business transaction of our lives. Our needs were met in all areas. "
Hans B.
Stanley, ID
×
By Far the Best
"When we decided to sell our cell tower, we did research and compared at least 5 options. By far the best service was with Lease Advisors and with Dustin. The other potential buyers just sent their proposal and didn’t follow up or explain it the way you do it.
About the deal, we did get the best offer from Lease Advisors, so we decided to go with Dustin. The whole process was very transparent and informative, everything was explained to us the way we needed. There was also one time where we had some questions regarding the contract and Dustin arranged a meeting with Lease Advisor’s general council, so we could ask every question and get answers right away.
The whole experience was very easy and convenient with Dustin and Lease Advisors, which is why we do not hesitate to recommend Lease Advisors to make the best deal happen.
"
Sandra V.
El Paso, TX
×
Pleasure to do Business
"Hi Keith!
Just wanted to let you know that we appreciate the prompt way you do business! You were very professional, but at the same time we felt that we were at the top of your list. Everything was done in a timely manner, and you walked us through each phase "gently"!
We felt the price was fair, and we are very happy that you were our agent! We feel as if we have known you personally, and that we aren't just a number or unknown "client". Just wish we could have gotten to know you in person!
Again, it has been our pleasure to do business with someone like you.
"
Jimmy & Sharon A.
Timbo, AR
×
Tale of Two Towers
"My wife and I started with two cell phone towers, a few years ago and decided to sell the lease to one of them. At first, this seemed like a great idea, and things proceeded well… until tax time came. We ended up paying Uncle Sam more than we wanted to.
A few months back, Patrick Lowery called us a couple of times, and we said that we really were not interested in selling the second tower lease. Jokingly, I said, “Unless that is, you can trade the tower for a condo in Florida.” Patrick said, “Actually we can set that up, using a 1031 plan!” And sure enough, Patrick was exactly right!
We found the condo we wanted, set up a closing date, and the holding company sent the funds to purchase the condo. It was that simple, and, best of all, this was all done TAX FREE! Since it was basically a business swap, we did not have to pay taxes from either end of the sale!
We now have the perfect condo! We use it when we want, and rent it out when we are not using it.
Both Patrick and Lease Advisors treated us with respect, and adhered to a commitment of professionalism and honesty. I would not hesitate to use him again, if needed. I would recommend his services to anyone who might have a tower lease.
"
Tim & Deborah A.
Jackson, OH
×
No-pressure Approach
"I wish to express my appreciation on the fine job you and your partner did in acquiring my cell
tower. Your up-front attitude and diligence due to my short comings was noted.
We were approached by other companies and consulted our CPA firm who recommended
our cashing out at this time. After our first conversation I was pleased with your no-pressure
approach. I know the transaction posed issues because of the papers I signed with the tenant and
the confusing title to the property. There were 4 parcels merged together over the years and with
the expansion of our offices I was not certain of the location of the cell tower legally and I know
this was a difficult task to sort through.
I received the funds and all is well as they say.
I am pleased to recommend your firm to any prospective seller. Feel free to refer them to me
personally.
"
James L. Schroth,
Grosse Pointe Farms
×
Outstanding Job
"I am writing this letter to show my appreciation for the outstanding job you did on the recent sale of our Clear Channel billboard leases. Your knowledge and professionalism were exceptional and I commend you and your team on completing the transaction in a very timely manner. I’ve conducted similar transactions over the years and this was by far the smoothest and most transparent. Through the entire process you stayed on point and in touch and most importantly met all the deadlines as promised. Each and every time we met, you put the needs of my business in front of your own. I appreciate your consultative approach, insight, honesty and integrity.
I would not hesitate to recommend you to anyone looking to sell or receive advice regarding their wireless or billboard lease. Working with you was a pleasure and I hope our paths cross again one day soon.
"
James F.
Acworth, GA
×
Very Pleased
"Thank you so much for your help throughout the entire transaction of the sale of the Verizon tower at La Promesa. Both Keith Larson and Mr. Michael Garcia were absolutely so helpful and we appreciated the gentle reminders of the documents that needed to be completed and returned.
I was very pleased with your openness and transparency of the entire process. The negotiated price was absolutely an improvement from other offers we had received. You delivered exactly what you promised and completed the transaction in a fair and timely manner.
I would certainly recommend Lease Advisors to anyone interested negotiating cell tower sales or leases.
Once again thank you so much for your help!
"
Dr. Analee N. Maestas,
La Promesa School
×
Awesome Experience
"I want to personally thank you and your expert team for helping us to convert our 4 telecom towers to cash. You and your elite staff were professional, knowledgeable, and most of all proactive in getting our transaction closed. I would strongly recommend Lease Advisors to anyone who is interested in selling their telecom leases.
Thank you for your hard work in getting this accomplished in less than 30 days.
"
Dan & Kim F.
Dallas, TX
×
Prioritized Our Needs
"Dear Andrew,
I am writing on behalf of the Borough of West Grove to thank Lease Advisors for assisting the borough in the process of selling our cellular telecommunications lease. The knowledge that you offered as well as your ability to understand and accommodate our needs as a Borough was the leading factor in our decision to work with Lease Advisors.
This was a very important decision for the West Grove Borough Council. It is not easy to get everyone on a borough council in agreement, particularly when it comes to selling a revenue stream. Yet, with your guidance as to the possible benefits, we were able to get everyone on the same page and move forward. I am happy to say that we have since used the funds to do much needed maintenance on the water tower and aging water system.
Your cooperation and most importantly your ability to facilitate our unique needs in the legal documentation process was appreciated, particularly by our Borough solicitor. Thank you again and I would certainly recommend Lease Advisors going forward.
"
Sharon Nesbitt,
Borough of Westgrove
×
Beat the Competition
"I wanted to drop you a quick note to thank you for working with Living Rock church on the sale of our AT&T cell tower lease. This was a very important decision for our church and both, Andrew Corkern and Jarred Saba did a great job of helping us work through the process. Lease Advisors was competing against several other companies and your honest and straight forward approach was one of the keys to getting our business. You more than exceeded our expectations. I appreciate you not being critical of your competition and your willingness to clearly explain the different options and what they would mean to us in the future. Your very competitive bidding was another key to winning our business. Our people have been very impressed with the smoothness of the process and how quickly the funds have been made available. All of you did a great job and we wouldn't hesitate to work with you in the future or to recommend your firm to others. We pray for the best for Lease Advisors in the future. "
Pastor Frank Howard,
Living Rock Church
×
Most Efficient Group
"I wanted to take the time to thank you for all of your hard work in completing this transaction. This was the fourth telecom lease that I have sold over the years and I would have to say that Lease Advisors was by far the most efficient group I’ve ever worked with. From top to bottom your organization exceeded my expectations. Not only did Lease Advisors offer top dollar and the most compelling structure, but the entire staff had a deep knowledge of what it takes to quickly facilitate the purchase of a wireless lease. I was looking for a quick, hassle free closing and that is what I got with Lease Advisors.
If you are going to sell your wireless lease, I would strongly recommend working with Andrew and his team at Lease Advisors. They are truly the best!
"
John B.
White Plains, NY
×
Successful Transaction
"I wanted to take a moment and let you know how very grateful we are for all of your assistance in closing the lease purchase. Working with you was a pleasure, even through all of our
challenges.
Your call that fateful day in February, I believe, was a God send. My family and I were in a quandary on how to buy a house. You see my daughter and her husband ended up in a situation which left them unable to buy a bigger house for their expanding family.
This was a huge decision, taking a lot of discussion and research. The easement has been in our family, since my grandmother, so there were a lot of emotional issues to
work through. Like I said, your call was an answer to a lot of prayers. We have had offers of this nature before and never acted on them until now.
Thank you again and again for enabling us to help our
family. Your management should be very proud at how professional you were at all times and how diligently you worked to make this a successful transaction for everyone involved.
"
Cynthia E.
Middleburg, FL
×
Highly Recommend
"I wanted to express my gratitude for the hard work that you and the Lease Advisors’ team put into completing my family’s transaction.
My family and I have been contemplating this transaction since Nov 2012 and dealt with many firms. After we had selected the most attractive purchase contract, the firm told us they would not honor the original offer, offering less; I personally considered it unethical. Fortunately, you were diligent in your follow up contact with us through all of this and when the other firms fell by the wayside one-by-one, you informed me that Lease Advisors could deliver at the price the other firms had originally promised. Naturally, I was skeptical since my previous experiences had resulted in disappointment and empty promises.
We started the closing process with Lease Advisors expecting additional broken promises but hoping for a successful conclusion. We dropped the signed contract package in the Fedex drop box late Friday and Monday morning I expected a call that there were problems, something to delay funding, or the terms could not be met.
On Wednesday my sister called saying I got my check, did you? I said I don’t see how that is possible. 30 minutes later my check was delivered. The entire closing process took 32 days and the funding took only 2 working days. To say the least my family is very happy.
Lease Advisors operated in an honest yet consultative manner and closed my family’s transaction at the exact terms promised.
"
Richard S.
Camby, IN
×