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National Retail Properties Expects Active Second Half

ORLANDO-Acquisitions activity for the REIT has been slow, but it is expected to pick up significantly, according to CEO Craig Macnab.

By Jennifer Duell Popovec | Updated on August 04, 2010

ORLANDO-Although National Retail Properties Inc.’s acquisitions activity during the first half of the year was slower than originally anticipated, it is expected to pick up significantly during the second half of the year, according to CEO Craig Macnab. He made the announcement during the company’s second quarter earnings conference call.

“So far this year, we are making acquisitions one property at a time, which means our acquisition volume has been lower,” Macnab said. “The good news is that visibility on pending acquisitions has improved, and our activity in the second half looks like it may allow us to reach our targeted acquisition goal of $170 million for this year.”

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