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COMMERCIAL NET LEASE REALTY, INC. COMPLETES OFFERING OF 2 MILLION SHARES OF COMMON STOCK

 ORLANDO, Fla., May 28 /PRNewswire/ -- Commercial Net Lease Realty, Inc. (formerly CNL Realty Investors, Inc.) (AMEX: NNN), completed a public offering of 2 million shares of common stock at $13.50 per share. Legg Mason Wood Walker, Inc. and J.C. Bradford & Company co-managed the offering.
 Net offering proceeds of approximately $25.0 million will primarily be used to acquire a specified portfolio of freestanding restaurant and retail properties leased to Sears, Eckerd, Food Lion, Denny's and Burger King. James M. Seneff Jr., chairman of the board, stated, "This is a significant step in the company's program to expand and diversify its portfolio with retail tenants who are leaders in their respective markets."
 Commercial Net Lease Realty, an equity real estate investment trust, invests in high-quality freestanding retail properties subject to long- term, net leases with national and major restaurant and retail businesses. Upon acquisition of the properties specified in the public offering, the company is expected to own a total of 61 properties in 16 states.
 -0- 5/28/93
 /CONTACT: Robert A. Bourne, president of Commercial Net Lease Realty, Inc., 407-422-1574/
 (NNN)


CO: Commercial Net Lease Realty, Inc. ST: Florida IN: SU: OFR

JB-SS -- FL002 -- 3388 05/28/93 12:25 EDT
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Publication:PR Newswire
Date:May 28, 1993
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