Gershenson Joins Board; Hinkle Becomes Lead DirectorORLANDO, FL- –National Retail Properties, Inc. (NYSE: NNN) announces that Craig Macnab, Chief Executive Officer, has been appointed to the additional post of Chairman of the Board of Directors. Mr. Macnab succeeds Clifford R. Hinkle, who will remain on the board as lead director. The company also announced that Dennis Gershenson has been appointed as a member of the company’s board.
“We are grateful to Cliff for the many years of leadership he has provided NNN and look forward to his continued counsel. We are also very pleased to add a director of the quality of Dennis Gershenson,” Mr. Macnab said. “He has a broad range of experience in retail real estate and his sincerity and integrity will be valuable to the company.”
Mr. Macnab joined NNN in February 2004, sharpening the company’s investment focus on net‐leased retail concepts and growing the company to more than $2.5 billion in assets while doubling the portfolio to more than 900 properties.
Mr. Gershenson currently serves as the President and Chief Executive Officer and Chairman of the Board of Trustees for Ramco‐Gershenson Properties Trust, a real estate investment trust that owns, develops and manages shopping centers located primarily in the Midwest, Mid‐Atlantic and Southeast.
He is an undergraduate of Syracuse University and a Magna Cum Laude graduate of Wayne State University Law School. Mr. Gershenson currently serves on the Board of Directors of Hospice of Michigan, the Cranbrook Academy of Arts, the Metropolitan Affairs Coalition and Oakland Family Services. He is also an active member of the International Council of Shopping Centers (ICSC) and the National Association of Real Estate Investment Trusts (NAREIT).
National Retail Properties invests primarily in high‐quality retail properties subject generally to long‐term, net leases. As of December 31, 2007, the company owned 908 Investment properties in 44 states with a gross leasable area of approximately 10.6 million square feet. NNN is one of only 181 publicly traded companies in America to have increased annual dividends for 18 or more consecutive year.
National Retail Properties invests primarily in high‐quality retail properties subject generally to long‐term, net leases. As of December 31, 2007, the company owned 908 Investment properties in 44 states with a gross leasable area of approximately 10.6 million square feet. NNN is one of only 181 publicly traded companies in America to have increased annual dividends for 18 or more consecutive year.
Contact:
Christopher F. Barry
Vice President of Corporate Communications
(407) 265‐7348
Christopher F. Barry
Vice President of Corporate Communications
(407) 265‐7348
Web site: www.nnnreit.com
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