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COMMERCIAL NET LEASE REALTY, INC. DECLARES REGULAR DIVIDEND AND REPORTS SECOND QUARTER PROPERTY ACQUISITIONS

 ORLANDO, Fla., July 13 /PRNewswire/ -- The board of directors of Commercial Net Lease Realty, Inc. (AMEX: NNN), a real estate investment trust, declared a regular quarterly dividend of 28 cents per share payable Aug. 16, 1993 to stockholders of record on July 30, 1993. James M. Seneff Jr., chairman of the board, reported, "The directors felt that increasing the quarterly dividend from 27 cents per share to 28 cents per share was warranted, given the anticipated growth in operating cash flow from recent acquisitions and acquisition commitments slated to be consummated during the second half of 1993."
 The company also reported that as a part of the acquisition properties specified in the recently completed $28.35 million equity offering, it has acquired $17.6 million of properties leased to Sears, Denny's, Food Lion and Burger King. The company also acquired four additional restaurant properties leased to Burger King Corporation for $3.7 million. The company currently has commitments to acquire six additional properties, primarily during the fourth quarter of this year, for $7.2 million.
 Commercial Net Lease Realty is an equity real estate investment trust which currently owns 59 properties in 17 states. These properties are freestanding, commercial net-lease, retail properties.
 -0- 7/13/93
 /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: DIV TNM

RC-AW -- FL006 -- 0949 07/13/93 14:01 EDT
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Publication:PR Newswire
Date:Jul 13, 1993
Words:240
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