It may be hard to believe that wireless cell tower company could help fund a church, a school, or even a community. Receiving rents or royalties from a wireless cell tower can be extremely rewarding and provide a great deal of financial liquidity to an organization. One of the partnerships that we discovered through our research was with a church in Rochester New York, and a wireless cell tower company in the heart of Manhattan.
Whether you realize it or not, cell towers provided a tremendous amount of value to you and the way you communicate with the world around you. These structures wirelessly allow us to communicate across the globe. The better the reception for you and I on our phones, the more satisfied we are with our current wireless providers. The cellular companies are looking to provide the clearest signal to all of its customers. This means putting a wireless cell tower in different locations around the country. In New York, it was the South Presbyterian Church in Rochester, that was the beneficiary of this giant piece of steel.
The church had agreed years earlier, to take monthly payments for the use of their property. While the church was happy to be receiving a specific amount of money each every month, there were bills that were mounting, and operating expenses for the church that needed to be addressed immediately. The church works with Unison Wireless, a cellular tower company out of New York City to create cash flow with a. The church took a lump sum payment for the remaining payments on the lease and invested the lump sum as an insurance policy. The church used a portion of the money to handle expenses immediately and put the remaining cash into an investment vehicle. The church was able to pay expenses while at the same time provide a tremendous amount of peace of mind for the future. This would be referred to as a cell tower lease buyout, and it is extremely effective in helping families, schools, and other communities to help alleviate financial stress.