Michelle Napoli is editor of Real Estate Media's Net Lease Forum. For the full story, click here.

And although a spokesperson said no one at the company could comment on the vehicle, reportedly structured as a private REIT and fueled by institutional capital, some information obtained by NET LEASE forum reveals the trust's intentions. It will apparently invest in single-tenant properties with a primary focus on office and industrial assets nationwide and a focus on the less competitive unrated and below-investment grade tenant spectrum.

It anticipates its acquisitions will be made via sale-leaseback or build-to-suit transactions and it is seeking bond-type leases. While the company's acquisition criteria more specifically lists office, R&D, industrial and light manufacturing as its property-type targets, it does note that it also will consider retail and hospitality "on a limited basis."

Cushman & Wakefield is certainly better known for brokerage and similar services than property investment vehicles, but presumably its broad market reach will give it considerable access to potential deals around the country. According to one active net-lease broker, though, CWNLT is not relying on its own internal sources for deals and is actively talking to brokers who might be able to bring them product. The broker says that for the right deal, CWNLT may also be able to go below 10-year leases and as high as $100 million in transaction size.