Landmark Dividend makes solar land acquisition

Landmark Dividend LLC, a ground lease acquisition company, recently acquired 190 acres in New Jersey, which is currently being leased to a solar energy project.

“Landmark Dividend works closely with solar developers and operators to provide custom solutions that are tailored to their needs,” said Alex Stone, Senior Vice President for Landmark Dividend. “We offer creative solutions to help developers minimize their capital expenditures while maintaining full site control and ownership of the project. We accomplish this by helping them secure the land and then leasing it back to them.”

Instead of solar developers having to come up with the capital to purchase a large tract of land, Landmark Dividend acquires the land. Landmark and the developer then enter into a long term sale lease-back arrangement

“By working with Landmark, developers reduce their out of pocket costs and instead invest that capital into other areas of the solar project that qualify for the solar Investment Tax Credit (ITC) and, in turn, yield greater returns on their capital,” Stone said.

Headquartered in El Segundo, Calif., in 2010, Landmark Dividend acquires ground leases on cellular towers, billboards, fiber optic cables and alternative energy infrastructures, such as wind turbines and solar farm tracks. It has offices throughout the United States, and also operates in Canada, Australia and Puerto Rico.

Landmark Dividend LLC provides value, capital and liquidity to qualified property owners of ground leases for cellular towers, billboards and alternative energy infrastructure.

— Solar Builder magazine

[source: http://solarbuildermag.com/news/landmark-dividend-makes-solar-land-acquisition/]