Melody Investment Advisors has proposed to acquire 100 percent of the assets currently owned by Landmark Infrastructure Partners.
The acquisition would take place through one or a series of transactions that would result in holders of Landmark’s common units receiving $16.25 per Landmark common unit in cash.
Melody’s proposal represents a 25 percent premium to the $13.00 per Landmark common unit proposed by Digital Colony and a 20 percent premium to the $13.50 per Landmark common unit proposal made by Verde Investments. Melody said its proposal is both financially superior and provides equal or greater transaction certainty than the Digital Colony and Verde proposals, given Melody’s ample committed and available capital and ability to quickly close the transaction.
Landmark ended the second quarter of 2021 with $17.6 million in rental revenue, a 27 percent increase compared with the second quarter of 2020. Year-to-date through June 30, Landmark acquired
