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Landmark Infrastructure Partners LP Announces Acquisition of Real Property Interests from Sponsor, Landmark Dividend LLC
The Chief Executive Officer of the Partnership’s General Partner, Tim Brazy, said, “We are excited to announce our latest drop-down acquisition from our Sponsor. These drop-down acquisitions bring the Partnership’s 2017 acquisitions to 70 assets in total for consideration of approximately
The assets being acquired are not part of the assets subject to the Partnership’s right of first offer (ROFO) with affiliates of Landmark. As of May 31, 2017, assets under management with affiliates of Landmark totaled approximately 870 assets, including greater than 600 assets that are subject to our ROFO.
The terms of the acquisition were approved by the Board of Directors of the General Partner of the Partnership and based on the approval and recommendation of the Conflicts Committee comprised entirely of independent directors. The Conflicts Committee was advised by Duff & Phelps Corporation, its financial advisor, and Akin Gump Straus Hauer & Feld LLP, its legal counsel.
Cautionary Note Regarding Forward Looking Statements