NNN Realty Buys Majority Stake in Alesco

NNN Realty Advisors, a commercial real estate asset management firm based in Santa Ana, Calif., has announced the acquisition of a majority interest in Alesco Global Advisors, a registered investment adviser that focuses on real estate securities.Alesco plans to launch and manage a family of U.S. and global real estate mutual funds, separate accounts, and hedge funds, NNN Realty Advisors said. Jay P. Leupp, the founder, managing principal, and senior portfolio manager of Alesco, will serve as Alesco's chief executive officer and president and as an executive vice president of NNN Realty Advisors. Before launching Alesco, Mr. Leupp was managing director of real estate equity research at RBC Capital Markets. NNN Realty Advisors, the parent company of Triple Net Properties LLC, Triple Net Properties Realty Inc., and NNN Capital Corp., can be found online at http://www.1031nnn.com.