BOSTON, MA-Calkain Boston has completed a $10 million portfolio of triple net lease transactions for an oil and gas client. Rich Murphy, managing director of the newly-opened Calkain Boston office, says that the diversity of the properties involved--from a Kansas City Hooters to a Greenfield, MA Tractor supply store--was carefully calculated.

“Our client was an oil and gas client, so they were not real estate people,” Murphy tells GlobeSt.com “They were engaging in a 1031 exchange, so they wanted to diversify their holdings a little bit so that weren’t all in on oil and gas.”

After developing a profile of the client’s risk tolerance and other factors, such as what a reasonable rate of return would be, Murphy and his team set out to find the properties. This was no small task, he says, given the shortage of supply currently in the market and an abbreviated schedule.