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Boulder Net Lease Funds Announces Acquisition of Sprint Facility.


NORTHBROOK, Ill. -- Boulder Boulder, city, United States
Boulder, city (1990 pop. 83,312), seat of Boulder co., N central Colo.; inc. 1871. A Rocky Mountain resort and a suburb of Denver, it is the seat of the Univ. of Colorado (1876).
 Net Lease Funds, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, a leading national investor in net leased properties, announced today that it acquired a single tenant net leased building in Lenexa, Kansas Lenexa is a city in the central part of Johnson County, located in Northeast Kansas, in the Central United States. The population was estimated to be 43,434 in the year 2005.[] It is the fourth most populous city in the county.  leased to Sprint. The purchase price for the deal was just north of $6.2 million.

"This property is a smart investment for us and a great start to our portfolio in large part due to the under market rent that Sprint is currently paying" said Randy The name Randy generally derives from the names Randall or Randolph (meaning wolf with a shield). Randy is used as a given name primarily in the US and Canada. Men known as Randy
  • Randy Fiesta - Currently working at Alabang.Known for his Dancing Moves.
 Blankstein, President of Boulder Net Lease Funds, LLC, "It is our belief that the real estate fundamentals in this market combined with the improving business of Sprint have created a promising investment opportunity for the fund."

The property is located in the southwest metro of Kansas City Kansas City, two adjacent cities of the same name, one (1990 pop. 149,767), seat of Wyandotte co., NE Kansas (inc. 1859), the other (1990 pop. 435,146), Clay, Jackson, and Platte counties, NW Mo. (inc. 1850).  in an office park. The asset is a multi-story office building comprised of 105,000 square feet on 15.37 acres of land.

"While most net leased investors stayed away from this transaction due to the risk of a short term lease, we analyzed an·a·lyze  
tr.v. an·a·lyzed, an·a·lyz·ing, an·a·lyz·es
1. To examine methodically by separating into parts and studying their interrelations.

2. Chemistry To make a chemical analysis of.

3.
 and decided to move forward on this transaction as we concluded that this was a well located facility in an improving Kansas City Office market" said Jeff Rothbart, Principal of Boulder Net Lease Funds, LLC, "Our ability to analyze and close on higher risk net leased properties is our competitive advantage and this property exemplifies the types of opportunities we are actively pursuing."

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. The Fund's targeted investors include public and corporate pension funds, foreign investors, insurance companies and banks, endowment A transfer, generally as a gift, of money or property to an institution for a particular purpose. The bestowal of money as a permanent fund, the income of which is to be used for the benefit of a charity, college, or other institution.  and foundation, trusts and high net worth individuals. 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.
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Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Sep 27, 2005
Words:331
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