CapLease, Inc., (CapLease) is a diversified real estate investment trust (REIT) that invests primarily in single tenant commercial real estate assets. The Company focuses on properties that are subject to a net lease or a lease that requires the tenant to pay all or substantially all expenses normally associated with the ownership of the property, such as utilities, taxes, insurance, and routine maintenance. The Company has four subsidiaries: Caplease, LP, Caplease Debt Funding, LP, Caplease Services Corp., and Caplease Credit LLC. Its primary business objective is to generate long-term returns based on the spread between the yields generated by its assets and the cost of financing its portfolio.