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U.S. Communications Infrastructure

A disciplined consolidatorof the towers that carry America.

Trinity River Assets is assembling a portfolio of multi-tenant macro towers across the Southeast and Midwest — each to be held in a single-purpose LLC, and each underwritten by a Professional Engineer before we close.

  • Southeast & Midwest
  • Single-purpose-LLC ownership
  • PE-underwritten
  • Multi-tenant collocation-ready
01The Thesis

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.

  • Permanent hold horizon

    Each site is owned in its own single-purpose LLC and stewarded for multi-decade holds — not flipped. Structure, not speculation.

  • On-thesis geography

    A Southeast and Michigan footprint that sits inside AT&T's FirstNet rural buildout — exactly where 2026 carrier capital is flowing.

  • Quality over count

    Multi-tenant, 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.

02Acquisitions

What we're acquiring.

Trinity River is actively acquiring select macro-tower assets where the network is densifying. Our mandate — not a list of holdings — defines what fits.

Map of the contiguous United States with Trinity River's Southeast and Midwest acquisition footprint emphasized
Southeast & Midwest focusTarget footprint — specific sites disclosed at close
  • AssetMacro towers, 150–320 ft
  • TenancyMulti-tenant or collocation-ready
  • LandFee-owned preferred; quality ground leases
  • GeographyRural & exurban — Southeast & Midwest
  • StructureSingle-purpose-LLC ownership, per site
  • PostureSelective, disciplined acquisition pacing

Selling a tower or ground lease?

We move quickly and close cleanly. If your site fits the mandate, we want to talk.

03Approach

Engineering discipline,
applied to ownership.

Trinity River pairs the rigor of structural engineering with the patience of permanent capital. The result is a portfolio acquirers can underwrite with confidence — and carriers can build on.

i

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.

ii

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.

iii

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.

What we acquireSingle-purpose-LLC ownershipMulti-tenant collocation-readyCarrier-grade neutral hostLong ground-lease tenorFee-owned where it counts
04Leadership

Engineers and operators. Not allocators.

Trinity River is led by the people who underwrite, build, and fund every site — a Professional Engineer, a licensed builder, and a capital operator who have spent their careers inside U.S. wireless infrastructure.

JG

Jacob Goralski, PE

Co-Founder & Chief Executive Officer

A licensed Professional Engineer across all 48 contiguous states, DC, and Puerto Rico, with 15+ years in tower engineering and infrastructure deployment. Leads firm strategy and the engineering review on every acquisition.

  • PE — 48 states + DC + PR
  • 15+ yrs tower engineering
  • BS Civil Engineering, Texas Tech
BB

Bret Bachert

Co-Founder & Chief Operating Officer

Deep operational and construction experience in U.S. wireless infrastructure, holding general-contractor licenses across multiple states. Owns diligence execution, post-close site operations, and vendor relationships.

  • GC licenses, multi-state
  • Site & construction ops
  • Post-close stewardship
JJ

Jeffry Johnson

Co-Founder & Chief Financial Officer

16+ years in U.S. wireless-infrastructure program management and capital coordination. Leads capital structure, debt and equity relationships, and the financial discipline that sets acquisition pacing and hold-period economics.

  • 16+ yrs program mgmt
  • Capital structure & finance
  • Hold-period economics
05Capital Partners

A portfolio built to be underwritten.

Audit-ready financials, a clean single-purpose-LLC ownership structure, and a transaction-ready data room — available upon executed NDA. Built for acquirers, lenders, and capital partners who value disclosure and discipline.

Request data room accessNDA-gated · capital@trinityriverassets.com