 |
 | |
 |  |
| We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level. |
SOURCE: U.S. RealTel U.S. RealTel, Inc. Announces Five Major Real Estate Deals Additions to Real Estate Portfolio Gives U.S. RealTel More Than 5,400 Properties CHICAGO, July 14 /PRNewswire/ -- U.S. RealTel (Nasdaq: USRT - news), the nation's largest landlord of antenna sites and telecom access rights to the telecommunications industry, today announced it has master leased the telecommunications rights for five large real estate portfolios, adding more than 600 new properties to its portfolio. The master leases give U.S. RealTel the rights to market and lease the telecommunications access rights of each individual portfolio and its properties to telecommunications companies. The master leases include the real estate portfolios of: * Glimcher Realty Trust [NYSE:GRT - news]: 121 commercial properties, including mega-malls, malls and community centers in 24 states consisting of more than 26 million square feet of gross leaseable area. * Archstone Communities Trust [NYSE:ASN - news]: 315 apartment communities owner or under development with over 93,000 apartments. * Summit Energy Corp.: 140 gas stations, primarily in California. These stations are situated along major roadways and high-traffic intersections. * Kwik King Food Stores, Inc.: 50 convenience stores in Florida strategically located along major thoroughfares and high-traffic areas. * Banyan Strategic Realty Trust [Nasdaq:BSRTS - news]: More than 100 buildings including 706,000 square feet of office property, 1,045,500 square feet of industrial property, 433,600 square feet of office/industrial property, 321,800 square feet of retail property and 350 apartment units. ''The diversity of these properties is significant,'' said Jordan Glazov, president of U.S. RealTel. ''In certain types of locations, cellular telecoms need microcells to ensure that cell phones work in malls, hotels and other public gathering places. In others, telecoms need new antenna sites to provide coverage and capacity. And competitive local exchange companies (CLECs), shared tenant service providers and cable TV companies need access into buildings to be able to sell telephone, internet, data and television service to the tens of thousands of tenants there. These additions to U.S. RealTel's National Antenna Grid(TM) will enhance our ability to meet the telecoms' needs,'' he added. About U.S. RealTel U.S. RealTel is the largest landlord of telecommunication sites. Based in Chicago, U.S. RealTel has a portfolio of thousands of real estate properties under master lease throughout the United States comprising its National Antenna Grid(TM). Included in the National Antenna Grid are more than 25 million square feet of office space, 205 million square feet of retail shopping malls, 4 million square feet of industrial space, 16 million square feet of commercial strip center space and 300,000 apartment units. Using this network of properties, U.S. RealTel offers significant time and cost savings to telecom companies looking to place new antennas or gain telecom access to buildings' tenants, while providing considerable additional ancillary income to property owners, such as REITs, pension funds, property funds, developers, banks, retail and chain stores, restaurant franchises, utilities and governments. SOURCE: U.S. RealTel | ||||||||||||||
|
| Home | Hot | SubjectMarks | PeopleMarks | Keepers | Settings |
| Terms Of Use | Contact Us | Copyright/IP Policy | Privacy Policy | About Us | FAQ | Advertise on SI |
| © 2026 Knight Sac Media. Data provided by Twelve Data, Alpha Vantage, and CityFALCON News |