Our experience reveals a surprisingly large number of cell tower and roof top lease landlords are not getting paid correctly.
(PRWEB) February 08, 2012
Vertical Consultants is proud to declare the recovery of unpaid cell tower lease expenses for Strategic Storage Trust, Inc., a non-traded public REIT and presently ranked as the 12th largest self-storage owner/operator in North America. Strategic Storage Trust, Inc. presently leases certain space to Sprint Nextel Corp (the third largest telecom provider in North America and 85th largest company in the United States) for the occupancy and use of certain roof-top telecom equipment at its Fort Lee, New Jersey property. The collection of expenses due from Sprint dates back to 2001 and represents a significant recovery for Strategic Storage Trust, Inc.
Vertical Consultants was engaged by Strategic Storage Trust in 2011 to review and provide counsel regarding its current cell tower and roof-top leases associated with its properties. Upon review of Strategic Storage Trust’s existing lease with Sprint and Sprint’s related use of the Fort Lee, New Jersey site, it was discovered that Sprint had failed to pay certain expenses due to Strategic Storage Trust. Vertical Consultants reconciliation efforts on behalf of Strategic Storage Trust resulted not only in an immediate recovery of past due amounts owed to Strategic Storage Trust, but also the establishment of an accurate and continued collections of expenses associated with this lease moving forward.
Hugh Odom, the President of Vertical Consultants, asserts “Our goal is to make sure property owners are correctly paid under their lease agreement with their telecom company tenants. We know from our experience in the industry that a surprisingly large number of cell tower and roof top lease landlords are not getting paid correctly due to both the lack of information and misinformation provided to them by their tenants”.
Vertical Consultants’ mission and proven track record is leveling the playing field for property owners across North America who are presently leasing land to telecom companies or are in the process of entering into such a relationship with major or minor telecom companies. Their efforts to date have resulted in both the reconciliation of rent and expenses owed to property owners across North America and the immediate re-entry into these same leases to garner fair market rent for the use of these properties by the wireless carriers and cell tower companies. Vertical Consultants has successfully taken on some of the largest telecom companies in the world, ensuring fairness and cooperation in telecoms’ dealings with property owners in the future.
Vertical Consultants was founded in 2010 by Hugh Odom and is comprised of a group of wireless industry veterans with more than forty (40) years of combined experience. Vertical Consultants specializes in issues surrounding the wireless telecom industry and prides itself as a source of information for property owners. Vertical Consultants experience in the industry allows it to offer its 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 http://www.vertical-consultants.com or contact Vertical Consultants at info(at)vertical-consultants(dot)com or 877.456.7552.