ORLANDO—Retail REIT National Retail Properties grew its revenues in the first quarter. The company's posted $104.06 million in revenues in the first three months of the 2014 compared to $92.46 million in the year-ago period.

The REIT invested $94 million in commercial real estate, including the acquisition of 47 properties with an aggregate 309,000 square feet of gross leasable area at an initial cash yield of 7.7%. National Retail also sold four properties with net proceeds of $11.2 million.

"We believe that our strategy of focusing on net-leased retail real estate continues to offer attractive risk-adjusted returns,” says Craig Macnab, CEO of National Retail. “Our portfolio continues to be very well occupied and we are finding attractive returns as we deploy new capital.”