Unison serves a broad range of clients - individuals, small business owners, churches, and local governments, to name a few. One thing they all have in common is a rewarding experience with us - so rewarding, in fact, that they want you to know about it.
Here, in their own words, are cell site owners' success stories. They demonstrate a variety of circumstances, with solutions that significantly improved their lives and the fortunes of their organizations.
Garick Enterprises, Inc.
Lease conversion not only reduces financial risk, it offers remarkable opportunities. The amount Unison offered for Gary Threlfall's three leases covered the purchase price of a building next door to his RV business location - an investment eligible for tax-deferred 1031 Like-Kind Exchange treatment. Gary moved his RV parts and service business to the new building, giving him ample room to grow his existing sales and rental showroom.
"With the lump sum offer I was able to expand my business by using the money to purchase an adjacent property through a 1031 Exchange. I was very pleased with Unison's professional conduct and follow-through, in particular coordinating with the 1031 transfer agent. I would not hesitate to recommend the Unison cell site program to other landowners with wireless tenants."
Gary Threlfall
Owner
Garick Enterprises
Oak Ridge, NJ
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Capital improvement needs motivated the church to select a Unison lease conversion - specifically, the need for a new roof, new driveway, and electrical upgrades. Meanwhile, their unusual lease with T-Mobile prevented them from receiving annual rent increases. The church decided it could make better use of a lump sum and with Unison's help the church even had money left over for reinvestment purposes.
"From the outset, the Unison consultant set us at ease with the transaction and exceeded our expectations. He made every step simple, straightforward, and easy to understand...The Church will use a portion of the proceeds of the transaction to help pay for projects we would otherwise have had difficulty funding, and this money is giving us an opportunity to reinvest in a more secure asset."
Bob Thayer
First Congregational Church of Waltham
Waltham, MA
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Even though Verizon Wireless had been a model tenant, Mt. Lebanon Office Supply understood the risks driving consolidation and rent reduction. When their unsecured lease income was weighed against a potential reinvestment scenario, the choice was clear.
"Unison Site Management's consultant explained the transaction in detail, and answered all questions and concerns that my real estate attorney and I had. We made the determination to sell the lease to Unison based upon our current needs and the uncertain future of the cellular industry. I would encourage anyone in a situation such as this to consider working with Unison."
James M. Droney, Jr.
President
Mt. Lebanon Office Equipment
Pittsburgh, PA
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After the City signed a lease with AT&T, they received "heavy rent reduction" pressure. City officials responded to a Unison contact and discussed their desire to purchase two new police cars with the lease conversion proceeds. Unison put together the deal that made it happen.
"We wish to thank Unison Site Services for the assistance given to us in this matter. Your advice and counsel was very accurate, in [that] we were recently informed that the rental fees we were charging would be negotiated downward; so the opportunity to sell was a very good and timely opportunity."
George W. Mans
City Administrator
City of Southgate, MI
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The building owned by Willdell was home to two cell sites, operated by AT&T and T-Mobile. When it came time for Willdell to sell the building, they decided to sell the leases separately to maximize their reinvestment proceeds. Unison's offered more for the leases than a competing lease acquisition company, and by carefully structuring the transaction to qualify for capital gains treatment, Unison saved the owners thousands of dollars in taxes.
"We were very pleased with Unison's professional conduct and follow through, in particular the special attention their legal department gave to the specifics of our transaction. We would not hesitate to recommend the Unison cell site program to other corporations with wireless tenants."
Bruce Williams
President
Willdell Realty Trust
Cumberland, RI
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