Boulder Net Lease Funds Announces Acquisition of Net Leased Lake Erie Products Property.

NORTHBROOK, Ill. -- Boulder Net Lease Funds, LLC, a leading national investor in net leased properties, announced today that it acquired a single tenant industrial building in Frankfort, Indiana net leased to Lake Erie Products, part of the Fastening Division of Trimas Corporation. The purchase price for the asset was $9.6 million.

"The combination of adding a long term lease to our portfolio at an attractive going in yield made this a compelling opportunity," says Randy Blankstein, President of Boulder Net Lease Funds, LLC. "We are excited to make our first industrial asset acquisition and seek to expand the industrial concentration of our current portfolio."

The property, a 200,000 square foot industrial manufacturing facility situated on 42.6 acres of land, is located just outside the Indianapolis metropolitan area.

"We were particularly interested in the asset as it is a newer building located directly off Interstate 65," Said Jeff Rothbart, Principal of Boulder Net Lease Funds, LLC. "Moreover, we believe that Trimas is an outstanding private company, having over $1 Billion in sales, that is committed to the Frankfort market as Frankfort is also home to the Lake Erie Products Headquarters."

About Boulder Net Lease Funds, LLC:

Boulder Net Lease Funds, LLC is a sponsor of performance based, private equity real estate funds focused exclusively on the net leased sector. Boulder Net Lease Funds, LLC's principals have participated in the acquisition, financing and disposition of more than $1 billion of net leased real estate transactions through several real estate cycles. Additional information on Boulder Net Lease Funds, LLC can be found on our website www.boulderfunds.com.