Newswire – Atlanta – July 22, 2014 – Leading institutional investor in cellular site locations across the US, TowerPoint Capital (TowerPoint) today announced that its Board of Directors has appointed eleven year industry veteran Jesse Wellner as Chief Executive Officer. Wellner previously held the position of Managing Director and head of TowerPoint’s national originations platform.
Since joining TowerPoint in 2009, Wellner has led TowerPoint’s origination platform and strategic business development initiatives. During his tenure, Wellner has directed a series of highly successful capital markets initiatives, raising both institutional equity and debt for TowerPoint’s operations and acquisitions. Most notably, Wellner architected senior management’s recent acquisition of the company from Land Lease Group (LLG) and subsequent partnership with AllianceBerstein Private Credit Investors. John Gutowski, TowerPoint’s Chief Operating Officer, commented “Jesse has helped reshape and retool the company. He’s built relationships, and he’s built confidence. The company is well positioned in the marketplace due to his hard work and the TowerPoint team is energized by his appointment to Chief Executive Officer.”
“TowerPoint is truly unique in our industry in that the principals of the firm retain 100% control of our business” Wellner said. “I believe that our position as true owners allows us to better serve both our landlord and corporate partners”. “I’m humbled and grateful for the opportunity to lead such a terrific team of people and I look forward to playing a continued role in shaping the firms future”.
About TowerPoint Capital:
TowerPoint Capital is a 100% management owned institutional investor in cellular site locations across the United States. Since 2007, TowerPoint has created long-term value for its landlord and corporate partners by emphasizing the firm’s core values — Knowledge, Professionalism, Integrity, Partnership. The TowerPoint leadership team possesses fifty years of combined experience, having invested in (or financed) over $1 billion in telecommunications infrastructure and real estate-related assets.
About AllianceBernstein L.P. and AllianceBernstein Private Credit Investors
AllianceBernstein Private Credit Investors is the private corporate credit investment platform of AllianceBernstein L.P., a leading global asset manager with approximately $480 billion in assets under management. AllianceBernstein Private Credit Investors is a strategic component of AllianceBernstein’s growing alternatives presence and is focused on U.S. middle market investment opportunities.