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COMMERCIAL NET LEASE REALTY DESIGNATES CLIFFORD R. HINKLE A DIRECTOR

 ORLANDO, Fla., May 5 /PRNewswire/ -- The board of directors of Commercial Net Lease Realty, Inc. (formerly CNL Realty Investors, Inc.) (AMEX: NNN), a real estate investment trust, announced that, following completion of a proposed public offering of 2 million shares of common stock underwritten by Legg Mason Wood Walker Incorporated and J.C. Bradford & Co., the company will increase the number of directors from five to six and elect Clifford R. Hinkle a director.
 Hinkle, age 44, is president of Flagler Capital Corporation, Tallahassee, Fla., an asset management and investment banking firm. From 1987 to 1991, he was executive director of the State Board of Administration of Florida which manages over $40 billion in trust funds for various beneficiaries, including the $30 billion State of Florida Retirement Plan. From 1977 to 1987, he served in investment banking and financial advisory positions with leading equity and bond brokerage firms.
 He has served as an adjunct professor at Florida State University's School of Public Administration and Policy and was a visiting professor with the Collins Center for Public Policy, encompassing the State of Florida's system of nine universities.
 Hinkle received a B.A. from Florida State University and Master of Public Administration and Doctor of Public Administration degrees from Nova University.
 Commercial Net Lease Realty is an equity real estate investment trust which currently owns 41 properties in 14 states. These properies are leased on a triple-net basis for use as national or regional fast- food or family-style restaurant chains. The company is engaged in negotiations to acquire freestanding, commercial net-lease, retail properties to diversify its portfolio geographically and by tenant type.
 -0- 5/5/93
 /CONTACT: Robert A. Bourne, president of Commercial Net Lease Realty, 407-422-1574/
 (NNN)


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

AW-SS -- FL009 -- 4886 05/05/93 12:59 EDT
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Publication:PR Newswire
Date:May 5, 1993
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