TUESDAY, NOVEMBER 04, 2008

AEI Capital announces commitment for developments in Minnesota

by Jim Brubaker
Minneapolis-St. Paul

The all cash AEI Capital Corp. in St. Paul, Minn., has announced a commitment of $100 million in capital, to be raised through its net lease property investment funds, for dedication to the development and purchase of net leased retail properties in Minnesota and select other markets across the country.

AEI Capital Corp. already has $40 million of the funds in hand and will use the funds to fuel their all cash investment strategy.

AEI's portfolio includes 160 properties in 36 states, including such tenants as Best Buy, Staples, Jared the Galleria of Jewelry, A.G. Edwards, Applebee's and Dick's Sporting Goods. AEI manages approximately the portfolio for approximately 11,000 investors.

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