California billboard attorney Marnie Christine Cody Ware, an attorney at Hamlin|Cody sent Billboard Insider these comments on Paul Wright’s August 23, 2023 easement article. I especially liked Paul’s piece on easements…The article was particularly timely for me as just yesterday our office newsletter was circulated including a brief article that […]
We had a reader who passed along to Billboard Insider the following question. “If you purchase a perpetual easement for the use of a billboard on the property, can the expense be set up on a depreciation / amortization schedule, say 15 years? Is it a factor if the permitted […]
If you develop out of home advertising sites you need Billboard Insider’s Guide to Leases, Easements and Real Estate. The 130 page Guide tells you: How to use an out of home attorney effectively 21 things in a good out of home lease 11 things in a good out […]
Landmark Infrastructure Partners LP reported financial results for the second quarter of 2019. Here’s an update on Landmark’s out of home portfolio. Revenues and Net income from Outdoor Advertising totaled $5.2 million and $4.0 million respectively for the three months ended June 30, 2019. Out of home revenues accounted for […]
Landmark Infrastructure is a publicly traded REIT which buys out of home easements and leases. Here are five things Insider learned from reading Landmark’s 2018 10k and February 2019 Investor Presentation. A growing out of home portfolio The number of Landmark owned out of home sites grew 24% during 2018 […]
Seeking Alpha may be calling Landmark Infrastructure a “tech REIT” because 65% of Landmark revenues come from telecom and wireless sites but that hasn’t stopped Landmark from trying to grow the out of home leases and easement portfolio. Here’s Landmark’s latest marketing letter. Insider’s take: Landmark is contacting your […]
Record your easements and record a memorandum of lease for your billboard leases. That’s the lesson of Tiller White v Canyon Outdoor. Here are the facts. In February 2003 Glen and Rachel Knapp entered into a lease with Lockridge Outdoor Advertising Agency to place a billboard on their property.. The […]
Insider received a direct mail piece this week from Landmark Infrastructure emphasizing the ability to defer capital gains when selling a lease or easement. Here’s the pitch. A landlord can defer capital gains by (1) selling the easement to Landmark Infrastructrure and reinvesting the proceeds into other real estate, or […]
Insider received a followup question in response to Richard Rothfelder’s article on taxes, foreclosures and billboard easements. Mr Rothfelder agrees with the investor that he should create the easement, sell the property and pay of the taxes. What happens when the new property owner does not pay the taxes and […]
Yesterday Insider wrote about how to value a billboard easement. Today valuation expert Paul Wright of SignValue gives his thoughts. SignValue is the largest out of home appraisal firm in the US. You can reach Paul at paul@signvalue.com, (480)657-8400. Paul, how do landlords value billboard easements? Landowner’s don’t use multiples […]
