11-Year Underpayment Corrected at Renewal
Robert had held a cell tower ground lease on his rural Texas property for 11 years, earning $870 per month with a 1.5% annual escalator. When Crown Castle's renewal notice arrived offering the same base rate with a modest bump, he almost signed. A neighbor's suggestion led him to contact us first.
Our market analysis revealed that comparable ground leases in the Dallas-Fort Worth area were trading at $2,800–$4,200 per month — Robert had been earning 25–30 cents on the dollar for over a decade. We leveraged the renewal negotiation to achieve a 291% increase, back-dated escalation language, and co-location provisions that could further increase his income if a second tenant is added.
"I'd been getting paid $870 a month for 11 years and honestly thought that was normal. The team reviewed my lease in a day and told me I was earning less than a third of market rate. Six months later I'm at $3,400 a month and I wish I'd called them 10 years ago."
— Robert H., Landowner · Dallas, TX