Landmark Dividend is a fairly new company that began operating in 2010, and is what is known in the wireless communications industry as a “lease buyout company.” Lease buyout companies purchase cell site and cell tower leases from landowners, building owners and public entities. Landmark Dividend was formed by industry veterans and investors who understand the benefits of acquiring cellular assets. The are currently reaching out to leaseholders who have received and turned down offers in the past, but this time Landmark’s pitch is slightly different.
This one is not a new concept by any means, but in reaction to landowners wishing not to sell and incur the related capital gains taxes, Landmark Dividend as well as many of the other buyout and tower companies have started to point out the possibility of deferring capital gains taxes on the sale of your lease as an easement, by participating in a 1031 tax deferred exchange. This would be done through a qualified intermediary while the tower company or buyout firm is simply the party buying the easement from you. Additionally, the value of a 1031 exchange varies for each individual and should be discussed with your CPA.
Steel in the Air assists lessors with cellular lease valuation to determine the real fair market value of their leases. We can review any Landmark Dividend or other buyout company proposal to assess whether it’s at parity with other industry offers. Also, we can evaluate the longevity of your lease to determine whether it’s more advantageous to:
Please contact us for a free cost estimate of our services. In many cases, if we believe it makes sense to sell your cell tower lease, we can help you find a better offer or will get you better terms that will save you money in the long run. In some instances, we may suggest not selling because the present value of the future cash flow of your site is worth far more than Landmark’s offer. Either way, it is to your advantage to leverage our services and pay our nominal fee than to sell blindly. After all, we deal with lease purchases every day. So why not let us help you make an informed decision. Contact us for more details.