I want to take this opportunity to thank Landmark Dividend and your team of professionals for working together to complete the purchase of the cell antenna leases on the Borough of Seaside Heights’ water tower. This was a great opportunity for the Borough to get the substantial lump sum payment that was used for the operating budget of our water utility.
After the Borough had reviewed the competing bids it was an easy decision to do business with Landmark Dividend. Our Borough attorney also liked the simplicity of your one page closing document and found it very easy to work with your in-house counsel. One of the other deciding factors was that Landmark had offered the highest amount of proceeds and promised to fund within 60 calendar days. This made us feel very confident that your firm was ready to fund this transaction.
There is no doubt that given the situation and the termination risk associated with these types of leases the water utility would be in a tough spot if these leases were to cancel. We prefer to have the cash in the operating account at our disposal. Once again I would like to thank you very much for your help and we recommend Landmark Dividend to any other property owner that is thinking of selling their leases.
Sincerely,
John Camera
Borough Administrator
If you’d like to learn more about the process of liquidating your cell lease, give us a call today at 1-800-843-2024 or click here to submit your information and we’ll contact you.
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