NNN Reit, Inc. is a
real estate investment trust that invests primarily in high-quality properties that are subject to long-term
NNN leases. It is organized in
Maryland with its principal office in
Orlando, Florida
Orlando () is a city in the U.S. state of Florida and is the county seat of Orange County, Florida, Orange County. In Central Florida, it is the center of the Greater Orlando, Orlando metropolitan area, which had a population of 2,509,831, acco ...
.
[
As of December 31, 2019, the company owned 3,118 properties containing 32.5 million square feet, 17.6% of the company's revenue was from properties in Texas, and 8.8% of the company's revenue was from properties in Florida.]
History
The company was formed in 1984 as Golden Corral Realty Corp. as a way for the owners of the Golden Corral
Golden Corral is an American restaurant chain which offers an all-you-can-eat buffet and grill. It is a privately held company headquartered in the U.S. city of Raleigh, North Carolina, with locations in 43 U.S. states and Puerto Rico.
History ...
restaurant chain to allow employees to invest in the company.[ The company also moved its listing to the New York Stock Exchange.
On January 1, 1998, the company merged with its former external adviser, CNL Realty Advisor Inc., and became a self-advised, self-managed REIT.
In February 2004, Craig Macnab was named chief executive officer of the company. In May 2004, he was also named president.
In 2005, the company acquired National Properties Corporation for $61 million.
In May 2006, the company changed its name to National Retail Properties, Inc.
In 2015, the company acquired 19 Frisch's restaurants in the Cincinnati, Ohio area for $47 million in a leaseback transaction.
In April 2017, Craig Macnab retired and Jay Whitehurst became ]CEO
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...
& President of the company.
References
External links
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{{Authority control
1984 establishments in Maryland
Companies based in Orlando, Florida
Companies listed on the New York Stock Exchange
Real estate investment trusts of the United States
Real estate companies established in 1984
Companies in the S&P 400