A purveyor of a new net-lease investment model is nearing its goal for its first fund and is eyeing an even larger fund for launch next year. Los Angeles–based Astrum Investment Management (AIM) announced in May the acquisition of five industrial properties in three states, with its fund on track to approach $110 million by the first quarter of 2014. The wrinkle in AIM’s model is that sellers have an option to buy back their properties after five years of the 20-year lease ...
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