Paul Bayer Named Chief Investment Officer of National Retail Properties, Inc.

ORLANDO, Fla., June 1 /PRNewswire-FirstCall/ -- National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, today announced that Paul Bayer (top right photo)  was named Chief Investment Officer. Mr. Bayer is also Executive Vice President.

"Paul is well respected throughout our industry and has been an important contributor to the success of NNN," said Jay Whitehurst, (lower left photo) President and Chief Operating Officer.

Mr. Bayer has a broad real estate background including prior positions with Trammell Crow Company, Combined Properties and J. Donegan Company.

He graduated from Dartmouth College and was awarded a leadership fellowship by Rutgers UniversityGraduate School of Management. He is a member of the International Council of Shopping Centers (ICSC) and earned the designation of Certified Leasing Specialist from the ICSC.

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of March 31, 2010, the company owned 1,014 Investment properties in 43 states with a gross leasable area of approximately 11.4 million square feet. For more information on the company, visit www.nnnreit.com.

Contact: Christopher F. Barry, Vice President of Corporate Communications, +1-407-650-1228