Vertical Bridge added another 1,000 buildings for siting possibilities such as this Travel Centers of America location.
Vertical Bridge, the largest private owner and manager of wireless communications infrastructure in the U.S., today announced the signing of an exclusive five-year agreement with The RMR Group to market and master lease telecommunications sites at more than 1,000 RMR managed buildings. Terms of the transaction were not disclosed.
The RMR Group’s managed assets include hotels, travel centers, healthcare, senior living, and office properties. Vertical Bridge’s portfolio now stands at over 45,000 owned and/or managed sites including tower, rooftop, billboard, utility attachments and other site locations across the U.S.
“As one of the premier real estate companies in the U.S., The RMR Group has an attractive portfolio of managed assets that are well-suited for telecommunications infrastructure deployment,” said Jim McCulloch, Vice President of Real Estate for Vertical Bridge. “We are very excited about this transaction, which adds more than 1,000 sites to our portfolio. We are also enthusiastic about the future potential of the relationship. We continue to seek opportunities for our clients to generate additional revenue from their assets, and for our customers to enhance their capacity.”
“Managing commercial real estate properties to the highest standards in the industry is an important goal for The RMR Group,” said David Lepore, President of Real Estate Services for RMR. “Working with Vertical Bridge may assist us to deliver on this goal by helping us maximize our revenue potential at properties which are owned by our clients and managed by us throughout the US.”