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Landmark Infrastructure Partners LP Announces $60 Million Acquisition of Assets Subject to its Right of First Offer from Sponsor
The assets in the transaction are subject to the Partnership’s right of first offer (“ROFO”) with Fund H. After the completion of this transaction, Landmark and affiliates of Landmark will have a total of approximately 900 assets under management, including approximately 580 assets that are subject to the Partnership’s ROFO.
The terms of the acquisitions were approved by the Board of Directors of the general partner of the Partnership, based on the approval and recommendation of the Conflicts Committee, which is comprised entirely of independent directors. The Conflicts Committee was advised by
The Partnership owns and manages a portfolio of real property interests and infrastructure assets that the Partnership leases to companies in the wireless communication, outdoor advertising and renewable power generation industries.
Cautionary Note Regarding Forward Looking Statements
Disclosures in this press release contain certain forward-looking statements within the meaning of the federal securities laws. Statements that do not relate strictly to historical or current facts are forward-looking. These statements contain words such as “possible,” “if,” “will,” “expect” and “assuming” and involve risks and uncertainties including, among others that our business plans may change as circumstances warrant. Accordingly, readers should not place undue reliance on forward-looking statements as a prediction of actual results. Examples of forward-looking statements in this press release include the discussion of the expected accretion associated with the drop-down transactions, average annual escalators and potential acquisitions from our sponsor and third parties. For more information concerning factors that could cause actual results to differ materially from those conveyed in the forward-looking statements, please refer to the “Risk Factors” section of our Annual Report on Form 10-K for the year ended
Source: Landmark Infrastructure Partners LP