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COMMERCIAL NET LEASE REALTY, INC. UNDERWRITERS EXERCISE 487,500 SHARE OVER-ALLOTMENT

 ORLANDO, Fla., Nov. 8 /PRNewswire/ -- Commercial Net Lease Realty, Inc. (AMEX: NNN) (formerly CNL Realty Investors, Inc.), announced that the underwriters of the company's recent 3,250,000 share common stock offering exercised their option to acquire an additional 487,500 shares at $14.25 per share bringing total net proceeds to approximately $49.8 million. Legg Mason Wood Walker Incorporated was lead underwriter with J.C. Bradford & Company and Raymond James & Associates co-managing the offering.
 Net offering proceeds will primarily be used to acquire a specified portfolio of freestanding restaurant and retail properties leased to Eckerd, Food Lion, Office Max, Best Buy, Computer City, Burger King and IHOP and for working capital.
 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 100 properties in 20 states.
 -0- 11/8/93
 /CONTACT: Robert A. Bourne, president, Commercial Net Lease Realty, 407-422-1574/
 (NNN)


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

RK-JM -- FL010 -- 1803 11/08/93 13:11 EST
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Publication:PR Newswire
Date:Nov 8, 1993
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