Tag: billboard leases

Landmark Capital Out of Home Lending Program

You’ve probably encountered Landmark as a buyer of out of home leases and easements.  Landmark also provides financing to out of home companies, secured by billboard loans and easements.  Insider talked to Jeffrey Knyal, Landmark’s Vice Chairman, about Landmark’s billboard financing products and ground lease optimization programs. Jeff, tell us […]

Billboard Legal: Mitigating End of Lease Costs

By Richard Rothfelder, Rothfelder and Falick Fairway Outdoor Advert. v. Edwards, 197 N.C. App. 650 (2009). Introduction Sometimes you must pour a huge cement foundation to anchor a billboard and a landlord then paves, landscapes, or builds around your billboard. In those cases, the cost of removing the concrete foundation […]

Landmark’s Marketing Strategy

Landmark Infrastructure buys of home advertising ground leases.  Insider knows someone in the billboard business who owns land under billboards through a separate company.  Insider reviewed the landowner’s Landmark Infrastructure file and here are the results: Landmark aggressively contacts landlords.  Landmark has approached the landowner 19 times in the past three […]

Rothfelder on Unilateral Lease Renewal Provisions

Last week Insider discussed automatic renewal clauses in billboard leases.  Insider asked billboard attorney Richard Rothfelder of Rothfelder & Falick to review the legal issues associated with automatic renewal clauses.  Rothfelder handled several cases involving unilateral and perpetual lease provisions. Introduction If a lease grants the Lessee the unilateral power […]

Landmark Selling 20 Billboard Leases With Perpetual Easements

Put your 1031 proceeds into an income-producing billboard lease and easement. Landmark Dividend, the nation’s leading ground lease and easement real estate investment firm, is selling 20 NNN, non-cancellable leases that all have perpetual billboard easements with 2.5% annual escalators. The company owns the 20 properties and title is 100% […]

Make Sure Your Lease Spells Out An End Game

By Richard Rothfelder, Rothfelder and Falick A good outdoor lease needs to protect your interests when a landlord terminates a lease.  Smith v Outdoor Systems 14-00-00474-CV, 2002 WL 370200 (Tex. App.—Houston [14th Dist.] Mar. 7, 2002, pet. denied) illustrates some end of lease issues. Introduction This is a declaratory judgment action […]

Landmark Approaching Billboard Companies

Insider hears that Landmark Dividend employee Scott Furcolow, a former Lamar and Adams lease manager and GM is approaching billboard companies offering to purchase billboard easements or to provide long term leases as an alternative to financing. Insider has seen enough Landmark transactions to know that you need to be […]