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COMMERCIAL NET LEASE REALTY, INC. UNDERWRITERS EXERCISE 100,000 SHARE OVER-ALLOTMENT

 ORLANDO, Fla., June 16 /PRNewswire/ -- Commercial Net Lease Realty, Inc. (formerly CNL Realty Investors, Inc.) (AMEX: NNN) announced that the underwriters of the company's recent 2 million share common stock offering exercised their option to acquire an additional 100,000 shares at $13.50 per share bringing total net proceeds to approximately $26.2 million. Legg Mason Wood Walker, Inc. and J.C. Bradford & Company co- managed the offering.
 The offering proceeds 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 and reduce debt.
 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- 6/16/93
 /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:

AW-JB -- FL005 -- 2586 06/16/93 11:42 EDT
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Publication:PR Newswire
Date:Jun 16, 1993
Words:190
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