# CTI Towers

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cti-towers

- Industry: Telecoms
- Headquarters: Cary, US
- Website: www.ctitowers.com
- Latest round: Seed (Sep 28, 2011)
- Investors on record: 1

## About

CTI Towers, Inc. is a specialized real estate management firm focused on optimizing tower land and rooftop sites with wireless infrastructure, enhancing asset value for wireless communication providers.CTI Towers, Inc. operates in the real estate management sector, primarily managing tower land and rooftop sites equipped with wireless infrastructure. Founded in 2011 and headquartered in Cary, US, the company has engaged in a total of 4 deals, with the most recent deal occurring on September 1, 2020. In this transaction, CIT Group led a Venture Debt round, raising USD 20.00 mn for the firm. The acquisition of CTI Towers from Comcast Ventures by Melody Investment Advisors was finalized in October 2020. David Bacino serves as the CEO.CTI Towers, Inc. specializes in real estate management targeted at tower land and rooftop sites with established wireless infrastructure. Their primary services include site lease management, asset optimization for wireless communication companies, and the acquisition of easements for lease rent collection. The firm collaborates directly with carriers, wireless internet service providers (WISPs), and telecommunications companies to enhance site values through colocation opportunities and high-rent relocation strategies. Their client base encompasses tower owners, site leaseholders, external brokers, and site acquisition firms, primarily operating in urban and suburban regions across the United States.CTI Towers, Inc. generates revenue by acquiring easements from property owners, which allows them to make a lump sum payment for future lease rents associated with wireless sites. The transaction process typically concludes within 30 days after an initial offer, which is based on the lease agreement terms. The company operates on a B2B model, focusing on negotiations and management of lease renewals and tenant placements. By purchasing easements, CTI Towers ensures efficient management of lease agreements while providing immediate capital to asset holders, emphasizing cash payments at closing for financial stability.CTI Towers, Inc. is focused on expanding its services and market presence following the completion of its acquisition in October 2020. The company plans to explore new product offerings and expand into additional geographic markets, particularly targeting regions with growing wireless infrastructure demands. The recent funding from the Venture Debt round will be utilized to support these expansion initiatives, although specific details on upcoming products or targeted regions have not yet been disclosed.

## Funding rounds

- Seed, Sep 28, 2011 — Comcast Ventures

## Investors

- Comcast Ventures (https://capitalatlas.ai/funds/comcast-ventures) — Seed