NeTrust Lease Equities, LLC was founded in 1998 to acquire a portfolio of triple-net leased, single tenant properties with the intent of completing an IPO and converting the company into a publicly traded REIT. After the sponsors and initial management failed to execute the original business plan, NCP assumed management responsibility in 2000 and restructured the company to eliminate significant overhead and create positive cash flow during the market downturn. Over the course of several years, NCP divested the NeTrust assets located in several states. NCP provided property and asset management services for these properties and achieved a significant return on investment for the investors.
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