A recent cell tower lease review completed by Vertical Consultants led to the discovery of Verizon’s undeclared and unauthorized use of land for one of their clients. This secured a significant recovery for one of North America’s Largest self-storage businesses.
Vertical Consultants is proud to announce both the recovery of underpaid rent for SecureCare Self Storage, Inc. currently ranked as the 13th largest self-storage owner/operator in North America and a related renegotiated lease agreement with Verizon Communications, Inc., (the largest wireless telecom provider in North America and 16th largest company in the United States). This discovery has garnered SecureCare Self Storage an incredibly impressive 198% immediate increase in cell tower rents received. SecureCare Self Storage presently leases certain real property to Verizon for the occupancy and use of certain cell tower facilities at its Wilmington, North Carolina property. The collection of underpaid rent from Verizon dates back to 2006 and represents a significant recovery for SecureCare Self Storage.
Vertical Consultants was procured by SecureCare Self Storage in 2011 to review and provide counsel regarding its current cell tower and roof-top leases associated with its properties. Vertical Consultants efforts to maximize the value of this clients telecom lease assets commenced with a review of both the Verizon lease and tower site located on the client’s property. Vertical Consultants afore-mentioned review resulted in the discovery of Verizon’s undeclared and unauthorized use of additional space at the property. Hugh Odom, President of Vertical Consultants, explains, “we were not only able to reach an agreement with Verizon that lead to a recovery of unpaid rent but also renegotiated the existing cell tower lease, resulting in an immediate 198% increase in rent”.
Odom, stated “For the last four-decades the telecom companies continue to rely upon the lack of information a property owner has access to when it enters into a cell tower lease, or any other type of telecom lease, our mission is to level the playing field and make sure property owners at all levels get true and accurate value for the use of their property”.
Vertical Consultants has and continues to present itself as a landowner advocate and cell tower lease consulting expert in the industry. Vertical Consultant strives to help property owners become aware of options and opportunities, which most are not aware of, and in most cases can date back several years in existing leases. Vertical Consultants taps into it’s vast experience and sharing of industry information that the telecom giants will not avail to property owners. Odom’s company aims to empower and assist wireless tower leaseholders nationwide by providing a source of equity in these transactions not currently in existence. “Our primary mission is to change the way things are done in the wireless industry” reminds Odom, “We’ve already successfully taken on the largest companies in the world to do so”, he added.
Vertical Consultants was founded in 2010 by Hugh Odom and is comprised of a group of wireless industry veterans with more than forty years of combined experience. Vertical Consultants specializes in all aspects of the wireless telecom industry telecom site acquisition and development, lease negotiation, and the legal issues surrounding such transactions. Through this, Vertical Consultants is able to offer clients unmatched expertise, services and results. Unlike others in their field, Vertical Consultants is able to handle every aspect of the issues surrounding a cell tower, rooftop or any other type of telecom lease, from start to finish. To learn more visit https://www.vertical-consultants.com or contact Vertical Consultants at info(at)vertical-consultants(dot)com or 877.456.7552.