BOCA RATON, FL – January 19, 2016 – Vertical Bridge, the largest private owner and manager of wireless communication infrastructure in the U.S., today announced it has entered into an agreement to manage and market wireless deployment sites at 250 medical office buildings owned by Welltower Inc. Terms of the transaction were not disclosed.
Since January 2015, Vertical Bridge has entered into partnership agreements with leading media and real estate companies such as Hudson Pacific, Love’s, iHeartMedia, Inc., Clear Channel Outdoor Americas, Townsquare Media, CiG Wireless Corp., U.S. Cellularand Nsight Tower Holdings, LLC.
Vertical Bridge has a portfolio of more than 42,000 owned and/or managed sites including billboard, tower, rooftop, utility attachments and other site locations. These locations are geographically dispersed across urban, suburban, traffic corridor and rural areas to enable capacity increases for mobile services and enhance the user experience.
“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.”
About Vertical Bridge
Vertical Bridge is the largest private owner and manager of wireless communication infrastructure in the United States. The company owns, operates and manages over 42,000 tower, rooftop, billboard, utility attachment and other site locations in support of all wireless network deployments. Based in Boca Raton, Florida, Vertical Bridge was founded in 2014 by key executives from Digital Bridge Holdings, LLC and former senior officers of Global Tower Partners. The senior management team at Vertical Bridge has over 150 years of collective experience in tower infrastructure and related sectors. For more information, please visit www.verticalbridge.com.
Welltower Inc., an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The company invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people’s wellness and overall health care experience. Welltower™, a real estate investment trust (REIT), owns more than 1,400 properties in major, high-growth markets in the United States, Canada and the United Kingdom, consisting of seniors housing and post-acute communities and outpatient medical properties. More information is available at www.welltower.com.