Why Invest In A Cell Tower REIT?
Brad Thomas
CEO of Wide Moat Research. Senior Analyst at iREIT, Author of REITs For Dummies, and Adjunct Instructor at NYU Schack Institute | Join my newsletter to get investing strategies delivered to your inbox??
A vertical structure built on a parcel of land, designed to accommodate multiple tenants. Cell tower tenants utilize many different technologies, including telephony, paging, mobile data, broadcast television and radio. Tenants lease vertical space on the tower and portions of the land underneath for their equipment.
What is found at the tower site?
The cell tower company typically owns or leases under a long-term contract: (A) Tower structure (B) Ground interest (fee simple or lease). The tenant typically owns and operates: Equipment, including antenna arrays, antennas, coaxial cables and base stations and equipment shelters.
See more HERE.