Selling Cell Leases to Address COVID-19 Financial Challenges
1 hour 30 minutes
Learn how selling a cell lease can help you address financial challenges without affecting current operations.
Many businesses, individuals, schools and municipalities face financial problems due to the COVID-19 outbreak. This topic will address how selling a cell lease can provide a bridge of hundreds of thousands to millions of dollars, without affecting current operations, to weather the storm until things return to normal.
This is what happened following the 2008 financial crisis: landlords sold off cell leases to generate immediate funds. Some sales were by cities or schools that were under emergency management to generate funds but kept operating. This time as well sell a cell lease can provide cash - bids often lead to sales for around 210 times monthly rents. But sale documents have to be done carefully to not harm the lease owner’s continued use and development of the building or property on which the cell tower is located. This information will provide examples of successful lease sales by businesses, cities and schools, describe the bid process, and identify major issues that need to be addressed in sale documents. This includes issues unique to cities, schools and units of government.
• You will be able to identify main provisions of Request for Bids.
• You will be able to describe the sales process.
• You will be able to recognize the major steps leading to closing.
• You will be able to explain provisions unique to municipal, school, government sales and provisions unique to sales of antennas on rooftops, water towers.