Slate Grocery REIT has inked a deal with 5G LLC to install equipment on the rooftop of grocery-anchored assets across the country, marking the latest entrant of REITs into the space. 

The equipment will be installed in both dense urban and suburban locations as part of an exclusive multi-year agreement, 5G LLC said in a statement. The company deemed the deal an opportunity for Slate Grocery "to turn the dead space of their urban rooftops into the perfect 5G equipment site bringing significant additional property revenue without capital contribution."

REITs are increasingly entering deals with 5G and wireless providers to utilize the otherwise unused rooftop space for such installations, which allow them to increase their rent rolls and build capped value without otherwise encumbering buildings. Earlier this month, alternative asset manager Melody Investment Advisors announced it would invest in 14 rooftop cell sites at hotels and resorts owned by Pebblebrook Hotel Trust, and in January, NAI Global launched NAI Global Wireless in a bid to exclusively represent property owners and landlords to market properties to cell tower operators and mobile device carriers.