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CNL REALTY INVESTORS, INC. ANNOUNCES INVESTMENT PLANS, AMEX LISTING AND SECOND QUARTER RESULTS

 CNL REALTY INVESTORS, INC. ANNOUNCES INVESTMENT PLANS,
 AMEX LISTING AND SECOND QUARTER RESULTS
 ORLANDO, Fla., July 28 /PRNewswire/ -- CNL Realty Investors, Inc. (NASDAQ-NMS: GCRA) announced today that its board of directors has approved a plan to pursue investments in non-restaurant, freestanding, net-lease retail properties. The company also announced that it is engaged in negotiations with several nationally-recognized commercial retail tenants regarding the purchase of freestanding properties subject to long-term net leases. James M. Seneff, Jr., chairman of the board, stated that the acquisition of this type of property is expected to "diversify the company's existing portfolio geographically and by tenant-type, yet maintain the income stability provided by long-term net leases."
 The company also announced that the company's common stock has been approved for listing on the American Stock Exchange. Effective July 31, 1992, the company's shares will trade under the symbol "NNN" on the American Stock Exchange.
 Additionally, the company announced net earnings of $385,436 or $.26 per share, for the quarter ended June 30, 1992. Second quarter 1991 net earnings were $382,986 or $.26 per share. According to Robert A. Bourne, president, a small decline in minimum base rent due to the sale of one of the company's properties was offset by an increase in percentage rent.
 The company is an equity real estate investment trust which currently owns forty-two (42) properties in fourteen (14) states. These properties are leased on a triple-net basis for use as fast-food or family-style restaurants that are a part of national or regional chains.
 -0- 7/28/92
 /CONTACT: Robert A. Bourne, President, CNL Realty Investors, Inc., 407-422-1574/
 (GCRA) CO: CNL Realty Investors, Inc. ST: Florida IN: SU: ERN


JZ -- CH007 -- 4182 07/28/92 14:58 EDT
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Publication:PR Newswire
Date:Jul 28, 1992
Words:287
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