It's a valuable tenant and guest amenity that can make your property  more valuable and desirable with increased retail traffic and increased shipping options. Tenants and their visitors can travel direct to site. Benefits include EV car charging, access for disaster recovery, police, firefighting, EMT, vaccine testing/delivery, organ transplant delivery and military access with no capital expense to the landlord. 

That depends on many factors-.   Morgan Stanley  projects the Air Mobility market to reach $1 TRILLION in 2040 and  $9 TRILLION in 2050 which follows a path of rapid mass adoption. As no company or investment bank can reasonably predict the market size and timing, we choose an open book approach and percentage sales lease with the real estate owner. Our focus is securing sites, permits, entitlements and landing agreements -in that order, understanding there is a first mover benefit and a finite number of grants and loans in a market.  

ZERO. We cover 100% of everything. Legal, design, permitting, financing, building, insurance and operating. 

Directionally, we believe it's in line with the cell tower lease business. Our lease contemplates one to four base operators having overnight storage  with a  variable rent based on take off and landings. In addition, we anticipate allowing numerous operators daily take off, landings and recharging  based on a minimum plus  variable usage model. As market proliferates with widespread adoption of Air Taxis, revenue projection grows exponentially over time. We base our projections off of the forecasts made by the publicly traded eVTOL manufacturers and the banking analysts who cover the market with a substantial discount to adjust for a long ramp up period. This is another reason why we structure with a percentage sales lease with the landlord as we both do well as the market grows over time.

When we site a Vertiport on surface with no current revenue stream we consider this as ancillary income to the real estate  owner. This could be an elevated structure over a parking area as example. The cell tower business has  striking similarities in that the monthly income streams range from $1,500- $15,000+ which we think draws some parallel in range with potential monthly income projections for a real estate site partner with a Vertiport with four-to-twelve aircraft parking stands. The business is also similar in that there is no capital outlay from the real estate site partner as the investment is solely that of the vertiport developer. Additionally,  there is the timing and need element meaning once a site is approved in a location there are likely no more permitted considering air space limitations above.   Lastly, both the cell tower and vertiport business have long term  30 year plus  income streams.

In addition to ground surface and upper deck parking we will also consider interior space for passenger/crew services and also for aircraft storage and light maintenance. Sites may include repurposed industrial, warehousing, retail, transportation, hospitality, healthcare, universities, planned communities and resorts.  Although commercial rooftops are depicted in many designs we focus on less complicated surface areas as our first preference.

It depends. We believe regulating agencies may  allow just so many sites in a  town for a variety of reasons,  some which may include air space limitations above. Once “flight paths-in-the-sky” are maximized it's difficult to determine how many more may be  approved.

We look at distance to other sites under contract, overhead obstructions, airspace restrictions that may apply above, population, population growth, traffic counts, power accessibility, clean energy rebates, green energy loan availability etc. There are many other details that factor into the site selection, but these are the big ones. Our view: Infrastructure Investment is less about speed to revenue than it is speed to securing  permits and entitlements. The first to secure entitlement gains a valuable foothold.

No. Our goal is to make it as simple as possible. The option is one page. We decide together upfront on specific site location, size and design. We handle everything from design, permitting, construction and operation. When we get approval we exercise the option and proceed.

Yes. We are investing a sizable amount of time and money into the permitting process which includes legal, design, permit applications, public appearances, title searches, finance applications and construction bidding. We are potentially turning down other real estate owner’s sites and offers and as a result,  as long as we are able to receive the permit then we do expect to move forward with the development option.

Yes. Our primary focus is to provide the most convenient locations closest to where the customer lives, works and plays and that may include the 14,000 underutilized private airports and 5,000 heliports in the US . We typically ground lease similar to an FBO and  permit, build and operate Vertiports dedicated as an eVTOL gate.