Denver, CO —FrontRange Capital (“FrontRange”) announced today a new $150 million programmatic joint venture with O’Connor Capital Partners (“O’Connor”) 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 to 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’s CEO and Chief Investment Officer. “We are proud to support O’Connor as they scale essential retail to meet accelerating demand.”
“We are thrilled that our partnership with FrontRange and one of the nation’s largest university endowments is enabling the expansion of our net leased development program,” added John F. O’Connor, Senior Managing Director of O’Connor Capital Partners.
About O’Connor Capital Partners
O’Connor Capital Partners is a privately-owned, independent real estate investment, development, and management firm with over $35 Billion in historical investing activity. Over its 40-year history, O’Connor has been a preferred real estate investment firm providing institutional investors access to multiple format retail properties and residential development and redevelopment. Within North America, O’Connor’s retail capacity is vertically integrated, utilizing their strong relationships and experience to create high performing investment opportunities. O’Connor’s residential strategy focuses on the Northeast corridor, both urban and inner suburban transit served locations for multifamily development and redevelopment. For more information, please visit oconnorcp.com.
