On Monday, Communications Capital Group, LLC announced that it would rebrand as TowerPoint Capital. The change is designed to be more consistent with the company’s strategy of expanding its services to clients and landlords beyond being a mere cell site aggregator when it was founded in 2007.
Atlanta-based TowerPoint Capital works with landlords, service providers and tower companies to maximize value from cell tower sites. The management team has experience in real estate management and technology.
Anyone considering the feasibility of adding a new cell tower site can go to TowerPoint’s website and arrange a free site valuation. The company will examine several factors about the site, determine its feasibility and offer suggestions on maximizing revenue from it.
Several companies have partnered up with TowerPoint in its quest to become a comprehensive cell site investor.
Chicago-based GTCR LLC is a private equity firm with extensive experience investing in telecommunications.
NAI Global deals in commercial real estate and provides solutions for any party involved – owners, investors, occupiers and developers. The company is based in Princeton, N.J., but has numerous offices worldwide.
TitleVest Agency, Inc. provides title insurance for commercial and residential real estate.
Asset Preservation, Inc. specializes in setting up 1031 exchanges. Under section 1031 of the Internal Revenue Code, it’s possible – if certain conditions are met – for investors to sell a property and reinvest the proceeds in a new property to defer capital gains taxes.
The business it’s in is far from glamorous, but TowerPoint works more behind the scenes, playing a very important role in mobile technology by helping set up much-needed infrastructure. Most smartphone users have probably never heard of the company, but have likely used cell tower sites that TowerPoint played a role in setting up.
A report from Cisco states that global mobile data traffic will exceed 10 exabytes in 2017, an amount equal to 10 billion gigabytes. This much traffic poses challenges to vendors trying to provide enough cell towers to meet the demand. It’s great news for companies like TowerPoint Capital, knowing that their services will be in high demand for years to come.
Edited by Alisen Downey