Jeffrey Giller, managing member of Towbes Capital Partners, saysthe fund will invest in triple-net-leased office and industrialproperties, emphasizing geographic and tenant diversification.Giller says the fund's investment goal will be to provide "secureand growing cash flow" by acquiring properties occupied by qualitycredit tenants.

Towbes Capital Partners is affiliated with the Towbes GroupInc., a 45 year-old company that owns and manages more than twomillion sf of commercial real estate and more than 2,000 apartmentunits. Towbes Group Inc. is a fully integrated real estateinvestment, development, and property management company.

Michael Towbes, the principal of TGI is also the chairman of theboard and sole shareholder of Montecito Bank & Trust, afederally chartered bank.

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