FrontRange Capital has formed a $150 million programmatic joint venture with O’Connor Capital Partners to develop triple-net leased retail assets across the East Coast.
The joint venture equity capital was committed by a FrontRange-managed fund whose sole limited partner is one of the nation’s largest university endowments.
Through the venture, O’Connor plans to develop 12–15 triple-net leased retail properties in key East Coast markets. O’Connor, a fully integrated real estate investment and development firm based in New York, will lead site acquisition, development and leasing efforts. FrontRange will asset manage the investment vehicle. The properties will be leased on a triple-net basis to nationally recognized retail tenants and are expected to serve as long-term income-generating assets.
“This venture brings together world-class tenants, a best-in-class development partner and long-term institutional capital,” said David Robertson, FrontRange
