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NORTHBROOK, IL-Boulder Net Lease Funds, LLC has finished raising private equity for its $100-million fund, and plans to begin buying high-yielding office and industrial single-tenant properties in the second half of this year. The acquisitions will likely be from net-leased property owners who already have dealings with the Boulder Group, the fund’s parent company.

“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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