In 2017, the City of Akron, Ohio approached Everest with a Request For Proposal (“RFP”) to acquire Akron’s portfolio of wireless communications infrastructure.At the time, the City of Akron owned interests in various types of properties leased for communications infrastructure, including municipal water tanks, commercial property rooftops and ground leases under cell towers
Prior to approaching Everest, the City of Akron had limited experience in monetizing communications infrastructure
Everest Solutions
Everest assisted the City of Akron to create a competitive RFP and provide an overview of the assets.More than a dozen bidders evaluated the materials provided by the City and made proposals to acquire the portfolio.Everest was an active participant in the process and made numerous presentations to the City’s leadership, including several presentations to the City Council
Ultimately, the City of Akron awarded Everest the RFP, concluding that Everest provided maximum financial value in the asset sale, highest certainty to close the transaction and substantial asset management expertise
Since the acquisition closed, Everest has negotiated numerous new leases with major carriers which help provide best-in-class wireless connectivity to local businesses and residents
Everest has a proven track record helping municipalities maximize financial value for their assets and realize new value from our professional leasing and management programs
