Capital Lease Changes Name

Capital Lease Funding Inc., a New York-based real estate investment trust, has announced that it is changing its name to CapLease Inc."CapLease is our well-known trade name and emphasizes our transition to primarily a commercial net lease property owner, from a net lease lender," said Paul McDowell, chief executive officer of the company. CapLease said it has become a portfolio investor across the capital structure of net lease and other single-tenant properties since its initial public offering in 2004.