Cell towers are a comparatively recent real estate development and we all rely on the connectivity they provide. As a result of the importance of these towers and their increasing numbers, real estate attorneys should understand cell tower development and leasing in order to advise a client involved in such a transaction and appreciate how cell towers impact a real estate acquisition or financing transaction. At their core, cell tower transactions are real property transactions and, for the most part, involve concepts that are familiar to real estate practitioners. However, these transactions have certain features that are unique which must be considered in order to ensure a successful relationship among the parties. This article explains key aspects of cell tower transactions to serve as a reference to real estate practitioners who represent clients involved in them.