We buy towers. A licensed engineer underwrites every one.
Trinity River Assets owns and acquires macro towers across the Southeast and Midwest, from a single site to a 60-site portfolio. Clear criteria, an offer that holds, and a close that does not re-trade.
- PE-underwritten
- Owner-operator, not a fund
- Single sites to 60-site portfolios
- Towers owned
- 11
- States, Southeast and Midwest
- 5
- Height range
- 140–300 ft
- Avg. ground lease remaining
- 13 yrs
How a sale works
Five steps. No surprises.
Screen
A fast go, watch, or pass against our criteria: structure, tenancy, ground-lease tenor, geography.
Engineering review
A licensed PE reviews the structure and loading. We underwrite what the tower can actually carry.
Offer
A clear LOI with terms set to the underwriting. No re-trading, no surprises.
Diligence
Title, ground lease, tenant leases, FCC and FAA records, and environmental review. Handled in-house by licensed operators.
Close
Funds at closing. Ground-lease relationships continue without interruption.
Macro towers are the most durable real estate in wireless. And the most fragmented.
Capital is returning to American macro towers, and concentrating in the rural and exurban markets the national platforms overlooked. Trinity River Assets acquires well-located, under-tenanted sites and operates them with institutional discipline, building a portfolio designed to compound and to transact cleanly.
Long hold horizon
Sites move into single-purpose subsidiaries, one per state, after closing, and are stewarded for the long term. Structure, not speculation.
On-thesis geography
A Southeast and Midwest footprint, concentrated in Michigan, inside AT&T's FirstNet rural buildout, exactly where 2026 carrier capital is flowing.
Quality over count
Collocation-ready heights, long ground-lease tenor, and fee-owned land where it matters. We underwrite for the next operator, not the last.
- $23–24B
- AT&T 2026 capex guidance
- $1B
- committed to FirstNet rural
- 20–35×
- TCF (private-market language)
Industry context, 2026. Figures reflect publicly reported carrier guidance and private-market valuation convention; not a representation of Trinity River results.
A multi-state portfolio of strategically located communications real estate.
Concentrated where the network is densifying: the rural and exurban Southeast and Midwest. Select a marker to preview a site.
140–300 ft
Structure heights
2039
Avg. lease maturity
5
States
9%
Fee-owned
Guyed · 260 ft · No tenants yet
Self-Support · 300 ft · No tenants yet
Self-Support · 225 ft · No tenants yet
Engineering discipline,
applied to ownership.
Trinity River pairs the rigor of structural engineering with the patience of long-term capital. The result is a portfolio acquirers can underwrite with confidence, and carriers can build on.
Underwritten by engineers
Every site is structurally and operationally underwritten before close by a licensed Professional Engineer, in-house. We buy what the structure can actually carry.
Operated like owners
Diligence, post-close site operations, and ground-lease relationships are handled by licensed general contractors, not outsourced. Carrier-grade, for the long hold.
Paced by capital
Acquisition pacing is matched to capital, and hold-period economics are set before we offer. Disciplined growth, audit-ready from day one.
Plain writing on towers and what they are worth.
Written for tower owners, landowners, and the brokers who work with them.
Capital partners
A portfolio built to be underwritten.
Audit-ready financials, a clean ownership structure, and a transaction-ready data room, available upon executed NDA. Built for acquirers, lenders, and capital partners who value disclosure and discipline.