Jamestown Partners, a real estate investment and management firm, last week announced a partnership with 5G LLC, a provider of connectivity solutions for the real estate industry. As part of the agreement, 5G LLC will market rooftop spaces across Jamestown’s U.S. portfolio as potential sites for 5G transmitters and boosters, negotiate leases with major wireless carriers, and coordinate the management of the sites.
“This partnership will support the broader deployment of 5G in our communities while unlocking the potential for new revenue streams, activating underutilized portions of building rooftops for long-term value creation opportunities,” said Michael Phillips, President of Jamestown.
The partnership with 5G LLC includes Jamestown’s commercial real estate assets throughout the U.S. Notable assets in the program include Ponce City Market in Atlanta, Ballston Exchange in Arlington, VA and Levi’s Plaza in San Francisco.
“Demand is rapidly growing for rooftop connectivity for 5G,” said Matt Davis, CEO of 5G LLC. “5G LLC is working with portfolio managers and leading network operators across the country to deliver a new network capability that has not been available before at this scale, with this vision. We are also looking ahead to the future and the amenities enabled by connectivity that will further differentiate the tenant experience.”
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