TowerPoint Capital Management Announces the Acquisition of TowerPoint Capital from Land Lease Group
ATLANTA, July 22, 2014 /PRNewswire/ — TowerPoint Capital Management (TPCM) a holding company controlled by the Senior Management Team of TowerPoint Capital (TowerPoint) today announced that it has acquired 100% of the shares in TowerPoint from Land Lease Group (LLG). TowerPoint is a leading institutional investor in cell site locations nationwide.
“We are very grateful to LLG for their partnership and significant contribution to TowerPoint’s growth,” said Jesse Wellner, TPCM’s Managing Member. “This transaction marks a notable achievement for us in that TowerPoint is uniquely the only institutional market participant, wholly owned by its senior leadership team.” “TowerPoint has always been an innovative first mover in the industry, from our site valuation and selection process to our programmatic customer relationships, to our partnership approach with site owners, our new corporate structure further distinguishes us in the market.” “We are very proud of the work we have done over the years in successful equity partnerships with some of the world’s largest financial institutions. However, the opportunity to operate as an independent company allows us maximum freedom to focus on serving our landlord and corporate partners.”
TowerPoint is headquartered in Atlanta, GA with satellite offices around the US.
About TowerPoint Capital:
TowerPoint Capital is a 100% management owned institutional investor in cellular site locations across the United States. Since 2007, TowerPoint has created long-term value for its landlord and corporate partners by emphasizing the firm’s core values — Knowledge, Professionalism, Integrity, Partnership. The TowerPoint leadership team possesses fifty years of combined experience, having invested in (or financed) over $1 billion in telecommunications infrastructure and real estate-related assets.
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SOURCE TowerPoint Capital