Commercial Investment Real Estate September/October 2019 | Page 31

Attention Real Estate and Legal Professionals COMMERCIAL REAL ESTATE INDUSTRY NORMS: QUESTIONS ABOUT CELL TOWER/ROOFTOP ANTENNA-RELATED PROPERTIES: • You wouldn’t close transactions without completing your property inspections or title work. • What do you do when you are advising your clients on the purchase, sale or management of a property that includes a cell tower or rooftop antenna and associated wireless agreements? • You encourage your clients to secure professional property managers when necessary. • Are you familiar with value penalty? What about non-compete agreements? How about colocation and revenue sharing? • You understand appraisals, surveys and the basics of discounted cashflows. • Do you understand the wireless telecommunications industry and just how a cell tower or rooftop antenna can increase or devalue underlying real estate? CONCLUSION Don’t let tower companies and wireless carriers capitalize on their information advantage. You need to hire a wireless agreement (“cell tower lease”) expert. You need SteepSteel. SteepSteel is managed by wireless telecommunications and real estate industry professionals who are here to help you mitigate risks and maximize wireless agreement values. The bottom line is that while cell towers and rooftop antennas are affixed to real estate, and although wireless agreements (a.k.a. cell tower leases) are similar in many ways to NNN commercial leases, there are several distinct industry and site specific components which require the knowledge of an industry expert. PLEASE CONTACT STEEPSTEEL 855-STEEL-66 855-783-3566 steepsteel steep_steel 1095 Evergreen Cicle, Suite 200 The Woodlands, TX 77380 [email protected] steepsteel.com