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TRINET CORPORATE REALTY TRUST DECLARES THIRD QUARTER DIVIDEND

 SAN FRANCISCO, Sept. 17 /PRNewswire/ -- The board of directors of TriNet Corporate Realty Trust Inc., (NYSE: TRI) has declared a dividend of 55 cents per share of common stock for the third quarter ended Sept. 30, 1993. The dividend will be paid on Oct. 15, 1993, to shareholders of record on Sept. 30, 1993.
 On an annualized basis, the 55-cent quarterly dividend represents an increase to $2.20 from the $2.19 annual dividend TriNet projected during its initial public offering which was completed on June 3, 1993.
 "Rental revenue during the quarter was as projected, and we are reviewing a number of potential acquisitions as part of our growth strategy. We are confident that we will complete a significant acquisition by the end of the year," said Mark Whiting, president and chief operating officer of TriNet.
 A Real Estate Investment Trust (REIT), TriNet specializes in the acquisition and management of long-term net leased corporate real estate, including central distribution and headquarters facilities. The company's current portfolio is comprised of 61 properties in 18 states which are 100 percent leased with an average remaining term of 14 years.
 TriNet's focus is to structure sale/leaseback transactions and acquire triple net leases. Triple net leases obligate the tenant to pay for all operating expenses, such as taxes, insurance, utilities and maintenance. TriNet's management has been actively acquiring and managing corporate net leased properties for the past nine years.
 -0- 9/17/93
 /CONTACT: Mark Whiting, president, or James Reinhart, chief financial officer, of TriNet, 415-391-4300/
 (TRI)


CO: TriNet Corporate Realty Trust ST: California IN: SU: DIV

LH-TM -- SF001 -- 2944 09/17/93 08:00 EDT
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Publication:PR Newswire
Date:Sep 17, 1993
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