(To read more on the net lease market and the industrialmarket, clickhere.)

LOS ANGELES-Cohen Asset Management Inc. plans to invest up to$100 million of equity to acquire approximately $285 million ofproperty nationwide in a newly closed fund, according to CEOBradley Cohen. Cohen, whose new fund is called Cam Core+Fund I,says the fund has identified more than $90 million of assets thatfit its investment criteria and is under contract to purchase theassets in its first 90 days.

The fund is targeting high quality properties, typically newerassets built since 1990 in prime locations, with currentoccupancies of at least 75%. Despite what Cohen calls "marketfluctuations in recent months," he says that institutionalinvestors are still looking for opportunities to invest in avalue-added real estate fund "with an emphasis on producing a largeportion of its return through current cash flow."