Jamestown, a global, design-focused real estate investment and management firm, today announced a partnership with 5G LLC, a leading provider of connectivity solutions for the real estate industry. As part of the agreement, 5G LLC will market rooftop spaces across Jamestown’s U.S. portfolio as potential sites for 5G transmitters and boosters, negotiate leases with major wireless carriers, and coordinate the management of the sites.
“5G infrastructure is critical to the continued growth of the innovation economy,” said Michael Phillips, President of Jamestown. “This partnership will support the broader deployment of 5G in our communities while unlocking the potential for new revenue streams, activating underutilized portions of building rooftops for long-term value creation opportunities.”
“5G LLC will help Jamestown create, market, and manage connectivity solutions across its U.S. portfolio,” said Nikki Boatwright, Senior Director of Business Development at 5G LLC. “We bring valuable experience working with both network operators and leaders in the commercial real estate sector to help our clients capitalize on untapped opportunity and manage it as a long-term asset.”
“Demand is rapidly growing for rooftop connectivity for 5G,” said Matt Davis, CEO of 5G LLC. “5G LLC is working with portfolio managers and leading network operators across the country to deliver a new network capability that has not been available before at this scale, with this vision. We are also looking ahead to the future and the amenities enabled by connectivity that will further differentiate the tenant experience.”
The partnership with 5G LLC includes Jamestown’s commercial real estate assets throughout the U.S. Notable assets in the program include Ponce City Market in Atlanta, Ballston Exchange in Arlington, and Levi’s Plaza in San Francisco.
5G LLC allows carriers to quickly deploy and expand the newest 5G technology to meet the dramatic increase in demand of required cell sites. 5G LLC allows building owners to become an immediate on-ramp to the carrier’s national deployments. In turn, building owners can receive a long-term revenue stream from transforming their rooftops into a technology-rich environment which directly impacts net operating income and provides the backbone for essential amenities and services.
Jamestown builds strategic partnerships with innovative companies to deploy technology across its global portfolio. In addition to connectivity technology, Jamestown is focusing its technology investments in key growth areas, including digital assets, health and wellness, big data, and smart building property management automation.