A Landmark Deal

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Landmark Infrastructure Partners announced this week that it has acquired 65 tenant sites located in 24 states from its sponsor, Landmark Dividend. This $20.3 million acquisition is expected to be immediately accretive to the Partnership’s distributable cash flow. Chief Executive Officer, Tim Brazy, said, “We are excited to announce the Partnership’s fifth acquisition from Landmark this year. Since the beginning of the year, we have acquired 512 tenant sites for total consideration of approximately $170 million, an increase in tenant sites of over 73% since our initial public offering in November of last year. We remain highly confident in our ability to grow distributable cash flow per unit and increase our distributions to unitholders.” The assets acquired consist of 50 wireless communication sites, 13 outdoor advertising and two renewable power generation sites.

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