Vertical Bridge will manage and market the wireless deployment sites at 250 Welltower Inc.-owned medical buildings in a deal announced yesterday. The Boca Raton, FL-based Vertical Bridge is the nation’s largest private owner and manager of wireless communication infrastructure with a portfolio of more than 42,000 owned and/or managed billboard, tower, roof, utility attachment and other type sites.
“The attractive Welltower sites offer numerous possibilities for small cells, macro sites, rooftop installations and some possible tower opportunities,” said Alex Gellman, Chief Executive Officer of Vertical Bridge. “We admire their investment and portfolio strategy, and feel fortunate to partner with them to enhance wireless communication infrastructure in the areas surrounding their properties. We continue to seek opportunities to expand our portfolio, and to help our partners leverage their assets while meeting the evolving needs of today’s mobile, digital and social media consumers.”
Vertical Bridge began entering into similar management and marketing deals in January 2015 and has partnership agreements with leading media and real estate companies including Hudson Pacific, Love’s, iHeartMedia, Inc., Clear Channel Outdoor Americas, Townsquare Media, CiG Wireless Corp., U.S. Cellular and Nsight Tower Holdings, LLC. The locations are geographically dispersed across urban, suburban, traffic corridor and rural areas to enable capacity increases for mobile services and enhance the user experience. Financial details were not released.
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