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TRINET CORPORATE REALTY TRUST INCREASES DIVIDEND

 SAN FRANCISCO, Dec. 9 /PRNewswire/ -- The board of directors of TriNet Corporate Realty Trust Inc. (NYSE: TRI) has declared a dividend of $0.56 per share of common stock for the fourth quarter ended Dec. 31, 1993. The dividend will be paid on Jan. 14, 1994, to shareholders of record on Dec. 31, 1993, and represents an annual dividend of $2.24 per share. The $0.56 per share dividend compares with a $0.55 per share dividend paid by TriNet in the third quarter and represents the second consecutive increase in the quarterly dividend since the company's initial public offering in May.
 "Our increasing dividends reflect the predictability of TriNet's cash flow from its growing portfolio of triple net leased properties and validates the company's ability to implement its acquisition strategy," said Mark Whiting, president and chief operating officer. "We are continuing to see excellent acquisition opportunities in properties leased long-term to high quality corporate tenants," he added.
 The company's most recent acquisitions include a 46,000 square foot customer operations center of Northern States Power Co. for $5.1 million and a 1.2 million square foot distribution facility in New Orleans from MacFrugal's Bargains Close-outs Inc. for $23.5 million.
 TriNet is a San Francisco-based real estate investment trust specializing in the acquisition and management of long-term net leased corporate real estate, including critical distribution and headquarter facilities. TriNet's portfolio currently consists of 63 properties in 19 states which are leased to corporate tenants for an average remaining term of 14 years, the majority of which are 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- 12/9/93
 /CONTACT: Mark Whiting of Trinet, 415-391-4300/
 (TRI)


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

LW-TM -- SF002 -- 2056 12/09/93 08:01 EST
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Publication:PR Newswire
Date:Dec 9, 1993
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