We have a cell tower leased to SBA with about 10 years left on the initial agreement. Currently there are Tmobile and Verizon on the tower. Currently our monthly rate is at $1,343 with a yearly 3% escalation. Before Verizon came aboard, negotiation started with an extension of lease with 30% profit sharing discussed. After Verizon signed on, SBA would not budge on profit sharing as initially discussed. What is your assessment of all of this?
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