Alternative asset manager Melody Investment Advisors will invest in 14 rooftop cell sites at hotels and resorts owned by Pebblebrook Hotel Trust, marking the latest deal in a growing trend of commercial property owners putting otherwise dormant space into play.

Melody, which focuses on communications infrastructure, will invest in 14 rooftop wireless assets at 11 of the REIT's properties across the US. Melody and Pebblebrook will also participate in a marketing and revenue sharing agreement covering the Pebblebrook properties. 

Jorge Pedraza, Operating Partner at Melody Investment Advisors and President of Symphony Wireless, its cell site acquisition affiliate, called the arrangement a "strategic urban center rooftop portfolio" in a statement. The agreement is also symptomatic of a larger trend at play for property owners: as cellular companies have dramatically increased their investment into 5G coverage, there's been a feeding frenzy for 5G rights and tower placement sites. Rooftops are a natural, more aesthetically pleasing option for 5G infrastructure and offer commercial property owners the ability to monetize otherwise unusable space.