SAN DIEGO—A cadre of qualified, smart, honest people haveentered the net-lease fieldafter being downsized fromlarger property-development firms, whichhelped the industry by infusing it with talent,the Niki Group's managingpartner David Trakman tells GlobeSt.com.The firm, which has been in business for 16 years, is a boutiquereal estate investment company run by Trakman and founder andCEO Peter Zarcades, whichpurchases single-tenant triple-netproperties where the tenants pay mostly all of theexpenses associated with the property. We spoke with Trakmanexclusively about the concept of a boutique net-lease firm and histake on this sector of the industry.

GlobeSt.com: How did the concept of a boutiquenet-lease firm emerge for your company?

Trakman: It emerged because westarted as a very small group with a limited amountof capital. The initial properties that werebought in the late '70s before I joined the group, were bought tokeep as long-term investments. The easiestassets to sell are those you intended to keep long term, so that'swhere the boutique aspect came in. As the company grew organically,we were able to widen our opportunities and build a portfolio. westill maintain that boutique-type spirit within the company, and wehave repeat buyers as well as people simply looking to buy a goodpiece of real estate that's reliable.