Boulder Net Lease Opportunity JV I (Fund I)
Fund Dates:              2005 to 2007
JV Partner:               Greenfield Partners
Properties Acquired:   $57 Million
Status:                    Boulder achieved a 32.6% IRR

Boulder Net Lease Opportunity JV II (Fund II)
Fund Dates:              2007-ongoing
JV Partner:               ORIX Real Estate Capital
Properties Acquired:   $78 Million
Status:                    The properties are in the active
                              management stage

Currently, Boulder is pursuing property specific joint ventures under the same opportunistic investment platform successfully executed during Fund I and Fund II. If you are a potential equity partner interested in learning more about investing with us, please email equity@boulderfunds.com.