FAQs
What is APWireless buying exactly?
We are essentially buying the rights to receive cell site tower or rooftop rent for a specific area over a specific period of time, along with certain limited rights to ensure our ability to collect the rent.
How much will APWireless pay for my cell tower lease?
The amount of the lease buyout depends on the rent being received under the existing lease, the wireless carriers on your property, the terms of the lease, the cell tower or rooftop antenna location, the duration of the period for which APWireless has the right to collect cell tower rent on the property, and a number of other variables that make up our risk assessment.
Wouldn’t I make more money by keeping the cell tower lease?
This depends of course on how you choose to use or invest the money and whether your cell tower tenant would eventually seek a rent reduction or terminate its lease. Even if your cell tower rent continues unchanged, the cash flow associated with the lease will be distributed in small increments over a long period of time. In most cases, the comparison between receiving a lump sum amount today versus collecting smaller and uncertain incremental rent payments over a long-term period is the key decision point.
What happens if the tower company or wireless carrier terminates the lease or stops paying rent after APWireless acquires the right to collect the cell tower rent?
You will keep the full amount of the up-front lump sum, even if the tower company or wireless carrier terminates the lease at any time during the period for which APWireless has the right to collect cell tower rent on the property. In other words, your cell site lease buyout unconditionally transfers the risk of termination to APWireless with no strings attached.
If my cell tower lease can be terminated, why do you want to buy it?
For most cell site landlords, receiving site rent is an all or nothing proposition: either they receive rent, or they don’t. On the other hand, APWireless is building a global portfolio of cell tower and rooftop leases in which a single lease termination is far less impactful. For this reason, APWireless is able to assume the risk of your cell site lease being terminated and pay a large, up-front lump sum for any future rent associated with the cell site on your property.
Can wireless carriers terminate my cell tower lease at will?
Although each lease is different, most cell tower leases permit the tower operator or wireless carrier tenant to terminate the lease for many reasons, typically with only 30-90 days’ notice. For this reason, it is generally difficult to borrow against a cell site lease at your local bank, and also why APWireless spreads the risk of your cell tower lease being terminated across a large portfolio of sites.
Is this transaction allowed within the terms of my cell tower lease agreement?
Although each lease is different, most cell tower leases do not restrict a landlord from selling the right to collect rents due under the lease.
If I have multiple tenants, would a cell tower lease buyout apply to all of them?
That is up to you. The buyout would apply to any lease or leases that are currently paying rent on your property and to which you determine to sell the rights to APWireless, regardless if it is one or multiple tenants. Assuming your cell tower or rooftop leases meet our criteria, APWireless will make you an offer that includes all or a portion of rents you currently receive.
If I sell the rights to my cell tower lease, will I still own the underlying property?
Yes. APWireless acquires only the rent and other rights associated with the collection of rent related to the cell tower lease. Furthermore, after the lease buyout period has come to an end, the right to receive all cell tower rent will revert back to you – unless you choose to enter into another cell site lease buyout.
What happens if I sell my property?
You are free to sell your property without any restrictions and keep the money you received from the cell tower lease buyout in its entirety. Since the lease buyout transaction is recorded with the local land registry, our contract remains valid and transfers to the new property owner, along with the rights to any rents associated with the cell tower after the lease buyout period is over.
How long will it take to receive my cell tower lease buyout?
The process is straightforward, but how long it takes is largely dependent on how quickly you are able to provide the required documentation. Once we agree to terms, the due diligence and closing process can be completed in as little as 30 days.
How do I know APWireless can fund the lease buyout transaction quickly?
APWireless is well-capitalized, has completed thousands of transactions over the last 12 years, and is now a subsidiary of a publicly traded company. This ensures our ability to execute and enables you to receive your lump sum payment quickly.
What happens to the cell site once you acquire the right to collect the cell site rent?
Generally, very little changes. After the transaction has closed and you have received your funds, we notify the tower owner or wireless carrier(s) of the change of landlord. From that day forward until the end of the lease buyout period, we deal with the tenant(s) regarding financial management of the cell site. We will also coordinate with you if a site visit or major works are planned, or if additional wireless carriers show interest want to use your property for a cell site.
How do I get started?
APWireless will provide you with a cell site lease appraisal to determine if your site qualifies. Contact us or to speak directly with one of our lease specialists, please call 888.232.2740.