Case Study
A Retirement Community Adds to Its Local Community: Funds Project with Cell Tower Lease Sale
A New Acquisition for the PARC Group
Tom Haverford is the Community Director for a high-end retirement community in Florida owned by the PARC Group. For years, both Tom and the group have developed and maintained premium communities across Southern Florida. Recently, Tom was brought in to oversee a new PARC acquisition, where he discovered a cellular site on the property.
While the development company had no interest in managing the cellular site leases, they needed to structure the lease to meet specific requirements. The PARC Group had acquired significant land in Broward County and, under local regulations, was required to contribute something of public value to the community. As a result, plans were set in motion to build a school on one of their properties—bringing the existing cellular site into focus.
The proposed school site already had a tower equipped with both Sprint and Verizon infrastructure. As Tom and the PARC Group worked through planning, they realized their deadline to finalize school development plans was rapidly approaching at the end of the month. They needed to act quickly to address the cellular lease while keeping construction on track.
Fortunately, Symphony Towers brought extensive experience in cell tower acquisitions and had successfully navigated similar situations in the past.
An Industry Expert for an Industry Opportunity
Anthony from SymphonyTowers had worked with the PARC Group before, so when Tom reached out, they were able to move quickly. After reviewing the situation, they focused on two critical components of the cell tower sale process.
First, they secured and analyzed the lease information. This allowed Anthony and Symphony’s acquisition team to structure an offer that aligned with both parties’ goals, including a cash offer exceeding $500,000 in tax-advantaged funds that the PARC Group could reinvest into the property through a 1031 exchange.
Second, they addressed site access. Anthony and Tom reviewed a map of the property alongside the school’s development blueprints, collaborating to design a new access route to the tower equipment. This ensured continued functionality of the cell site while preserving the layout and requirements needed for the school’s construction.
Cell Tower Sale Benefits All Parties Involved
By the end of the month, the Symphony team and Tom had reached a term sheet that outlined the sale of the cellular tower land lease and the related access through the new development of the school and community. The cash offer allowed Tom and his team the flexibility they needed to start work immediately with no concerns.
All in a month’s time, the PARC Group was able to capitalize on an asset at peak selling time, get a cash offer and close, and most importantly start their new build. None of it possible without the efficient and creative work of Anthony and the Symphony Towers team.
What Can You Do To Learn Where You Stack Up And If You Are Missing Out On Opportunities To Protect Or Better Grow Your Rent?
Partner with an expert. We at Symphony Towers Infrastructure have been in the wireless industry for decades and are leading investors in cellular site lease acquisitions across the country. It is our business to know the value and risk profiles of cellular sites. We will assess your site for current risk and future potential value and come up with an investment plan that best suits your interests and needs. Our assessment will provide you with a reliable view as to how your site fits in with the expected future of the cellular site grid. This is the opportunity you have been looking for to capitalize your cellular site rent stream.
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