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TRINET CORPORATE REALTY TRUST OBTAINS $100 MILLION REVOLVING CREDIT FACILITY

 SAN FRANCISCO, Sept. 30 /PRNewswire/ -- TriNet Corporate Realty Trust Inc. (NYSE: TRI) said today that it has obtained a $100 million revolving credit facility from Nomura Asset Capital Corp.
 The three-year facility will be used to fund expansion of TriNet's portfolio, which currently consists of 61 properties in 18 states. The credit facility also includes a $5 million working capital component, according to Mark Whiting, president and chief operating officer of TriNet.
 "This transaction provides TriNet further resources to increase revenues and diversify our tenant base via acquisitions," Whiting said. "We are seeing excellent buying opportunities which we can now readily consummate," he added.
 A Real Estate Investment Trust (REIT), TriNet specializes in the acquisition and management of long-term corporate net leased real estate, including central distribution and headquarters facilities. The company's current portfolio is 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 team has been actively acquiring and managing corporate net leased properties for the past nine years.
 -0- 9/30/93
 /CONTACT: Mark Whiting, president, or James Reinhart, chief financial officer, of TriNet Corporate Realty Trust, 415-391-4300/
 (TRI)


CO: TriNet Corporate Realty Trust Inc. ST: California IN: FIN SU: TNM

TM-MC -- SF012 -- 7445 09/30/93 16:05 EDT
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Publication:PR Newswire
Date:Sep 30, 1993
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