Is Your Verizon Wireless Cell Tower Lease is now a Vertical Bridge Lease?

Are you a former Verizon Wireless cell tower landlord with a recently assigned Vertical Bridge lease agreement? Here’s what you need to know about your Verizon Lease’s Assignment to Vertical Bridge. 

If you were once a Verizon Wireless cell tower landlord with questions about the recent Verizon Lease Assignment to Vertical Bridge (Vertical / VB), what has happened is that your lease has now been assigned to Vertical, along with over 6,000 other Verizon cell towers, and they are taking over the ownership and administration of the lease. You likely received a letter in the mail. You may have questions about what this means for your Verizon lease, the lease’s terms, and the future of the cell tower on your property. 

Tower Genius Provides Affordable Expert Consulting Services for Property Owners with Vertical Cell Tower Leases. 

Do you have questions about your Vertical Bridge cell tower lease? Tower Genius is a cell tower lease consultancy which specializes in helping property owners like you navigate the complexities of cell tower leases, and we can help answer questions following the lease assignment of your Verizon site agreement to VB. Whether you’re dealing with a request for consent from Vertical, a proposed amendment or renewal of your original Verizon lease terms, or you are considering a Vertical Bridge cell tower buyout offer, Tower Genius is here to help you understand your options and ensure you make informed decisions.

Who is Vertical Bridge and why did they Acquire my Verizon lease?

Vertical Bridge is the USA’s largest privately owned cell tower company with a current portfolio of over 17,000 cell phone towers owned or controlled / under management or leaseback agreements. The are also the USA’s 4th largest cell tower management company behind the publicly held behemoth “Big-3” tower management companies. If Vertical has reached out to you, it’s important to understand why they are contacting you and what their request may entail. Vertical may be trying to get your consent for the lease assignment, or otherwise amend the terms of your lease, renew your agreement and add language which meets their needs but may not necessarily be aligned with your property ownership interests.  

Why did Verizon get out from under the ownership of so many cell towers? We believe that it has to do with Verizon’s pivot to the fiberoptic side and 5G/6G future small cell network densification.

We believe as a result, Vertical is also interested in acquiring as many easements as they can and buy out your existing Verizon Wireless lease’s future rent payments in exchange for a cash lump sum payment or tower easement purchase. That gives them more leverage in the future. If you are contacted by Vertical’s consultant or a third party about a cell tower lease buyout, make sure you contact Tower Genius to get a second opinion.  

In any case, Tower Genius can help you evaluate your situation, review any proposed changes to your underlying Verizon lease agreement, and make sure that your interests are protected when dealing with VB.

• We can provide you or your attorney with a technical review of your proposed Vertical Bridge lease renewal, lease extension proposal, or lease buyout offer.
• We can answer your questions about Vertical’s cell tower rent values.

What Are Vertical Bridge Lease Rates?

The wireless industry is changing rapidly. Why did Verizon get out of owning cell towers and sell them to Vertical Bridge? While we can all speculate, property owners, make sure that you are getting the correct rental values when you are negotiating new cell tower agreements, Vertical Bridge lease renewals or lease extension amendments.

It’s very hard to get a great cell tower lease rate on your original round of negotiations with Vertical Bridge. Why? They are not Verizon. Vertical Bridge is a cell tower company not a carrier. Verizon pays approximately $2,000 per month to place its antennas on Vertical Bridge’s cell towers. That’s why Vertical Bridge won’t pay you $2,000 monthly for a cell phone tower lease, but instead might offer you an “insulting” $500 or $600 to start out. Don’t be insulted, that’s the game, but also don’t leave money on the table when you are negotiating with them. Tower Genius helps take the guesswork out of Vertical Bridge lease negotiation for you or your attorney. cell tower lease. If you are already negotiating with Vertical Bridge, you should consider speaking with us and don’t expect them to tell you what rental pricing should be. Leveraging Tower Genius’ industry expertise is how our clients get results.

Vertical Bridge Amendments or Extensions or Cell Tower Lease Renewals

Property owners being contacted to sign quick lease amendments or lease renewals are a common practice following the assignment of large cell tower portfolios like this one.  When Vertical or their leasing representatives come knocking, they may propose significant changes to the terms of your original Verizon Wireless lease agreement which you fought hard for, and their agents or representatives may inform you that if you do not accept Vertical’s terms, your cell tower lease “may be at risk for termination” or be “referred for evaluation” to a “cell tower relocation” committee for review. So this will leave you asking the question of whether or not they would really decommission the cell tower that they just acquired just to move it across the street to your neighbor’s property for $500 less per month?

Some former Verizon landlords will be offered simple lease extension terms that barely touch the original Verizon lease, and offer you tempting candy in the form of a five-figure signing bonus to extend the lease without any real modifications.

Make sure that you always get a second opinion from Tower Genius, including guidance on extension terms, rent increases, or other key lease modifications. The Partners of Tower Genius, Kevin and Steve have been doing this for a long time, we’ve got well over 50+ years of combined wireless leasing industry experience.

Accurate Vertical Bridge Lease Information

Vertical Bridge landlords, you need turnkey or “white-glove” assistance with your cell tower lease renewal negotiation? Does it seem overwhelming to you, or are you trying to clean up a messy Verizon lease agreement that somebody else signed on a cell tower property that you purchased or inherited? Many current Vertical landlords didn’t negotiate their original cell tower lease contracts with Verizon Wireless. Tower Genius can help you make sense of it all. We provide the accurate leasing information that you need for your negotiation including rent values, and important terms your lease needs to contain.

Vertical Bridge Rent Reduction Letters and Lease Optimization Proposal Amendments

Did a third-party representing Vertical or an employee send you a rent reduction letter wanting to “optimize” your Vertical bridge lease agreement to “protect its viability to Verizon’s network?” Is Vertical Bridge suggesting that it might possibly exercise termination rights if you don’t give them a Right of First Refusal (ROFR) or lower your rent or modify the rental escalation, or give them additional rights in your lease? Tower Genius can assist you or your attorney in navigating Vertical’s cell tower lease optimization letters and negotiate lease amendments that are not completely one-sided in their favor.  The secret is knowing how to bump the pinball machine without tilting the pinball machine when negotiating with them.

Selling Your Future Vertical Cell Tower Lease Rent Payments?

Are you considering selling your Vertical cell tower lease easement or have you received a buyout offer from a company that buys cell tower rental streams? Tower Genius provides Vertical landlords cell tower lease buyout consultations if you are selling your lease. If you get a buyout offer from Vertical or another company, Tower Genius will guide you through their lease buyout process. Not all Vertical Bridge lease buyout offers are the same. We take the guesswork out of the transaction and help you and your attorney make sure that you are maximizing your deal and your property ownership interest are protected in the process.

Talk to Us About Your Vertical Bridge Lease.

• Lease rate analysis of Vertical tower sites
• VB cell tower lease renewal – reviews & coaching calls
• Expiring cell tower lease agreements – rent valuation consultation
• Lease buyout offers – perpetual easement valuations

Let’s Talk About Your Vertical Cell Tower Leasing Questions!

Contact Tower Genius today at 1-888-313-9750 for help and straight answers about your Vertical Bridge lease agreement or fill out and submit our Contact Form.