ATLANTA, Dec. 9, 2015 /PRNewswire-USNewswire/ -- TowerPoint Capital, a leading institutional investor in and manager of wireless real estate across the United States, announced today a significant growth investment in the company's vendor services business for 2016. TowerPoint launched its services unit in Q2-2015, separate from the company's primary balance sheet investing business, which acquires real estate and leases space to major wireless service providers including AT&T, Verizon, Sprint and T-Mobile as well as the publicly traded Tower Companies, including Crown Castle International and American Tower Corporation. "The firm continues to actively diversify and invest in businesses that leverage our deep expertise in wireless real estate and related assets," said Jesse Wellner, TowerPoint CEO. "Expanding on our suite of services to existing customers is a logical and complementary component of our overall growth strategy."
In September 2015, TowerPoint's Managing Director, Dustin Cahill, named Senior Vice President Garett Zubok head of TowerPoint's services business headquartered in San Diego, CA. "The increased budget for 2016 is recognition of the early success of our services business over the past year," said Zubok. "We've developed the necessary conviction to put more resources to work starting in Q1-16 and cement our position as a highly capable services provider to major telecom companies."
About TowerPoint Capital:
TowerPoint Capital is a leading institutional investor in and manager of wireless real estate across the United States. Since 2007, we have created long-term value for our landlord and corporate partners by emphasizing the company's core values — Knowledge, Professionalism, Integrity, Partnership. TowerPoint's leadership team possesses fifty years of combined experience, having invested in (or financed) over $1 billion in telecommunications infrastructure and real estate-related assets. TowerPoint is headquartered in Atlanta, GA with satellite offices around the US.
SOURCE TowerPoint Capital