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Wachovia Invests in Triple Net	By Michelle Napoli

Triple Net Properties LLC has a new strategic relationship with Charlotte-based Wachovia Bank NA, which has made a corporate-level participating debt investment in the TIC and non-traded REIT sponsor. Although Wachovia’s parent company Wachovia Corp. encompasses the country’s third largest full service brokerage firm and the fourth largest bank holding company in the US with nearly $554 billion of assets, it will not be a co-sponsor of Triple Net investment products. Instead it will provide the Santa Ana, CA-based real estate company with financing and banking products and services.

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