Global Tower Partners Secures new Management and Right to Lease Agreements from Brookfield Real Estate Opportunity Fund
BOCA RATON, FL – December 5, 2011 – (RealEstateRama) — Global Tower Partners (GTP) announced today it has signed an agreement with Brookfield Real Estate Opportunity Fund (BREOF) to manage and lease 41 properties to wireless telecommunications carriers across the country. GTP will market BREOF’s locations as prospective collocation sites for wireless carriers and utilities.
“We are extremely pleased to refresh our partnership with BREOF to strengthen the wireless access potential of their real estate portfolio,” said Marc C. Ganzi, GTP’s Chief Executive Officer.
As part of the agreement, GTP has secured 4.5 million square feet of Distributed Antenna System rights for all buildings. BREOF’s selection of GTP to manage their portfolio is further validation of GTP as the leading rooftop and access leasing management company in the country.
“The addition of the BREOF properties to our real estate portfolio continues to make GTP an ideal one-stop shop for carriers, enhancing their coverage and network quality in many of our high growth markets,” added Joanna Langridge, GTP’s Senior Director, Real Estate.
About Global Tower Partners
Global Tower Partners (www.gtpsites.com), based in Boca Raton, Florida, is one of the leading providers of outsourced antenna site facilities to the wireless communications industry in the United States. GTP’s business includes the ownership, development, leasing and management of antenna sites on towers and commercial real estate rooftops. GTP owns, manages, or master leases more than 15,000 wireless sites. GTP’s customers are leading wireless communications providers including AT&T, Sprint-Nextel, Verizon Wireless, T-Mobile USA, Leap Wireless, Clearwire, US Cellular, Metro PCS, Claro and Telefonica.
About Brookfield Real Estate Opportunity Fund
Brookfield’s Real Estate Opportunity Fund (www.brookfield.com) invests in underperforming real estate properties in North America including office, retail, industrial and multi-family. With a solid platform of transactional, financial and operating expertise, the management team has delivered strong investment returns through active management and capital expenditure and financing initiatives.
