"We are targeting properties deemed too risky by mainstream investors such as properties with short-term leases and dark properties," says Boulder Net Lease Funds president Randy Blankstein. "We are confident a portfolio of such properties can provide an attractive risk adjusted return through a strong focus on real estate fundamentals."

The fund tapped public and corporate pension funds, foreign investors, insurance companies and banks, endowment and foundation, trusts and high-net-worth individuals. Boulder Net Lease Funds principals also are investing.

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