LOS ANGELES--(BUSINESS WIRE)--Telecom Lease Advisors (“TLA”), a land lease acquisition firm based in Los Angeles, today announced the closing of a $4.8 million transaction to purchase a portfolio of 23 telecom land leases in less than thirty days.
With the support of a significant equity commitment from Chicago-based GTCR, TLA has taken a major step in expanding its portfolio and the company’s growth. TLA leveraged its industry expertise and years of experience in multi-state real estate transactions to acquire this portfolio within 30 days.
TLA has quickly emerged as a leader in the telecom land lease acquisition industry by staying true to the company’s promise to offer the “highest payouts and no-hassle closings.”
“Our goal is to offer the highest payouts in the industry and consistently provide the best customer experience to landowners,” said Jarred Saba, CEO of TLA. “Closing a 23 lease transaction across nineteen properties in twelve states in less than thirty days clearly demonstrates the efficiency of our closing process and the professionalism of TLA’s team. Each transaction is uniquely tailored to the landlord’s needs, so it’s critical that we continue to create a transparent and timely process for our clients.”
TLA’s growth has included the opening of two additional offices in Columbus, OH and Atlanta, GA, as well as the expansion into providing financial solutions for billboard leaseholders with the launch of Media Lease Advisors in June of 2012.
About Telecom Lease Advisors
Telecom Lease Advisors is a financial services and telecom lease consulting firm that works with telecom lease or cell tower lease owners on lease acquisition, lease negotiation, and financial or real estate issues related to telecom leases. TLA recently launched a new division, Media Lease Advisors providing financial solutions including lease acquisition and lease negotiation to billboard leaseholders as well. Together, the company’s principals have overseen the direct acquisition of over 1,000 such leases with individual real estate investors, businesses, non-profit organizations, and municipalities. For more information, please visit www.leaseadvisors.com.