NEW YORK CITY-Net lease certainly isn’t the sole province ofsmaller-scale investors. Industry leaders such as CapLease, W.P.Carey & Co. and US Realty Advisors work on behalf ofinstitutional clients. Yet Iridium Capital founder Marilyn Kane, a24-year veteran of commercial real estate, believes the triple-netlease sector is a natural for first-timers, and has launched thecompany’s first hedge fund with an eye toward cultivating what shecalls “mini-moguls.”

The recently launched IC Income and Growth Fund is “very much asingle-strategy fund,” Kane tells GlobeSt.com. “We really wantedthe investors to become well versed and comfortable with thisparticular aspect of real estate, one that we felt it was time theylearned about as a more prudent real estate investment than so muchof what they’ve been hearing about.”

Minimum ante for an individual investor is $50,000. “It wasactually the original concept—to have somebody who had nottraditionally been involved as a developer or owner be able to saythat they could get involved in real estate," says Kane. “Wethought that amount would be extremely appealing” for thenewcomer.