A Landmark rep called Insider last week to see if he had any outdoor leases to sell.  Here’s what Insider learned from the conversation.

• Landmark wants to see minimum monthly sign rent of $300/month.

• Landmark is willing to pay up to 10-10.5 times annual rent for leases which have an annual escalator.

• Landmark is encouraging people who want to sell to do a tax free conversion of their lease ownership into ownership of shares of publicly-traded Landmark Infrastructure.

Insider’s take:  If Landmark called Insider you can bet Landmark is calling your landlords.  You should be on good enough terms with your landlords that they’ll tell you when Landmark calls.  You should also make sure all your landlords know that you’d like a first right of refusal to buy the lease if they ever want to sell.

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