Communications Capital Group, LLC Announces Completion of an Equity Investment and Future Capital Commitment With Ulysses Management and Tenth Avenue Holdings
ATLANTA, May 19 /PRNewswire/ -- Communications Capital Group, LLC ("CCG"), an acquirer of cellular ground leases and other wireless infrastructure assets, has received a substantial equity investment and future capital commitment from Ulysses Management and Tenth Avenue Holdings, two private investment firms with aggregate assets under management in excess of $1.5 billion.
"As we expand our presence and deploy capital into the market, we continue to focus on acquiring a range of high quality assets," said Michael A. DeMita III, CCG's Chief Executive Officer. "Ulysses and Tenth Avenue's long-term commitment to our business growth gives our clients greater confidence that they can expect reliable, timely funding and the highest possible value for their assets. These investor commitments distinguish us from other lease aggregators in the industry because our future capital is assured and is immediately available for each transaction we do."
The investments by Ulysses and Tenth Avenue allow CCG to leverage its leadership position in the wireless and telecom lease aggregation markets, maximize the firm's capability to acquire cellular ground leases and other infrastructure assets, and provide ongoing capital for the company's internal operations.
About Communications Capital Group, LLC
As pioneers in the industry, Communications Capital Group continues to build a selective portfolio of wireless assets and offers diverse financial alternatives to landlords, tower companies, and carriers in the telecommunications sector. The partners and principals have managed, acquired, or financed over $300 million in this asset class, and in excess of $3 billion in transactions associated with other unique asset classes.
For more information about Communications Capital Group, LLC, please visit www.comcapgroup.com
For more information about Ulysses Management and Tenth Avenue Holdings, please visit www.ulyssesmgmt.com and www.tenave.com.
SOURCE Communications Capital Group, LLC
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