Triple Net Enters Pact With Wachovia

Triple Net Properties, a Santa Ana, Calif.-based real estate investor, has entered into a strategic relationship agreement with Wachovia Bank under which Wachovia will provide capital to Triple Net.Through the arrangement, Triple Net will have access to Charlotte, N.C.-based Wachovia's financing programs, banking products, and services, Triple Net reported. The company, a provider of tenancy-in-common 1031 solutions and other real estate financing, said it expects that the financing from Wachovia will "fuel Triple Net's acquisition pipeline" for its investment programs. "Our expectations for this relationship extend beyond a line of credit," said Bill Green, managing director and head of real estate capital markets at Wachovia Securities. "We expect both parties to benefit considerably from our shared expertise under this relationship." Triple Net can be found on the Web at http://www.1031nnn.com.