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FrontRange Capital has launched a $150 million programmatic joint venture with O’Connor Capital Partners to develop triple net leased retail properties. The equity for the venture comes from a FrontRange-managed fund backed exclusively by one of the country’s largest university endowments.

The joint venture plans to deliver 12 to 15 triple net leased retail projects in strategic East Coast markets. O’Connor Capital Partners will spearhead site selection, development and leasing, while FrontRange Capital will oversee asset management for the platform. Each property will be leased to nationally recognized retailers under long-term triple net agreements.