5G LLC has signed an exclusive multi-year agreement with Slate Grocery REIT to site antennas on its urban rooftops. 5G LLC’s rooftops sites will allow the carriers to quickly deploy and expand the newest technology to meet the dramatic increase in demand of required cell sites.
“The close to $90 billion carriers spent on additional spectrum in the recent C-band auctions further increases the urgency to get new sites up and running,” said Matt Davis, CEO of 5G LLC. “Depending on location, the size and structure of the roof, it is now possible to have three or more carriers’ antennas all paying the owner rent with 10-to-30-year leases. The roof is the best next generation lease.”
Slate Grocery REIT’s high quality, growing U.S. portfolio, comprised of grocery-anchored assets, provides exposure to the world’s largest grocers in markets with strong demographics. Its expertise and status as a trusted partner to leading grocers generates cash flow and creates value-building opportunities. They have locations spanning the United States in dense urban and suburban areas. These attributes make their rooftops great locations for carriers as part of their 5G and small cell wireless deployments.
“Carriers continue to need new sites, many of which will be in urban locations, said Rick Varnell, EVP, sales and strategy at 5G LLC. “Our role as an infrastructure provider makes us ideally placed to work with Slate Grocery REIT and the carriers to provide the best possible sites to drive and simplify 5G deployment.”