Landmark Infrastructure Partners LP (NASDAQ:LMRK) Files An 8-K Completion of Acquisition or Disposition of AssetsItem 2.01 Completion of Acquisition or Disposition of Assets.
On April 28, 2017, Landmark Infrastructure Partners LP (the “Partnership”) satisfied certain post-closing contractual obligations relating to the previously announced acquisition of assets from Landmark Dividend Growth Fund G – LLC (“Fund G”), as disclosed on the Partnership’s Current Report on Form 8-K filed on September 2, 2016. In connection with the fulfillment of the contractual obligations, the Partnership acquired two additional tenant sites and related real property interests in exchange for $11.3 million in additional consideration, paid in the form of 221,729 of the Partnership’s Common Units issued to Landmark Dividend LLC (“Landmark”), an affiliate of Fund G.
Item 3.02 Unregistered Sales of Equity Securities.
The information set forth in Item 2.01 is incorporated herein by reference. On April 28, 2017, the Partnership issued 221,729 Common Units to Landmark in private transactions exempt from registration under Section 4(a)(2) of the Securities Act.
About Landmark Infrastructure Partners LP (NASDAQ:LMRK)
Landmark Infrastructure Partners LP is engaged in acquiring, owning and managing a portfolio of real property interests. The Company leases its properties to companies in the wireless communication, outdoor advertising and renewable power generation industries. Its segments include Wireless Communication, Outdoor Advertising, Renewable Power Generation and Corporate. The Wireless Communication segment consists of leasing real property interests to companies in the wireless communication industry in the United States. The Outdoor Advertising segment consists of leasing real property interests to companies in the outdoor advertising industry in the United States. The Renewable Power Generation segment consists of leasing real property interests to companies in the renewable power industry in the United States. Its property interests underlie its tenants’ infrastructure assets, including freestanding cellular towers and rooftop wireless sites, billboards, wind turbines and solar arrays. Landmark Infrastructure Partners LP (NASDAQ:LMRK) Recent Trading Information
Landmark Infrastructure Partners LP (NASDAQ:LMRK) closed its last trading session up +0.20 at 15.85 with 36,795 shares trading hands.