Landmark Infrastructure Partners LP (the "Partnership") (Nasdaq:LMRK) announced that it has acquired 81 tenant sites from its sponsor, Landmark Dividend LLC ("Landmark"), for total consideration of USD 25.2m. The acquisition is expected to be immediately accretive to the Partnership's distributable cash flow.
Duff & Phelps' Role
Duff & Phelps advised the Conflicts Committee of the board of directors of the general partner and provided them a fairness opinion on the consideration to be paid.
About Landmark Infrastructure Partners LP
Landmark Infrastructure Partners LP is a growth-oriented master limited partnership formed to acquire, own and manage a portfolio of real property interests that the Partnership leases to companies in the wireless communication, outdoor advertising and renewable power generation industries. The company is headquartered in El Segundo, California.
About Landmark Dividend LLC
Landmark Dividend LLC is the national industry leader in ground lease transactions, providing recognized value, capital and liquidity to its business partners. Landmark’s management team pioneered the ground lease acquisition business in 2002, and has successfully closed over 4,000 transactions.