Gary M. Ralston

GARY M. RALSTON, President, Chief Operating Officer and a member of the
Board of Directors of Commercial Net Lease Realty, Inc., is responsible
for overseeing the real estate investment trust’s overall operations.
Mr. Ralston has guided the company’s growth from less than $20 million
in real estate assets to its current level of more than $1 billion. Mr.
Ralston holds the Certified Commercial Investment Member, Society of
Industrial and Office Realtors, Specialist in Real Estate Securities,
Certified Property Manager and Counselor of Real Estate designations and
is also a Florida licensed real estate broker, mortgage broker and
certified building contractor. He is a member of ICSC, a full member of
ULI, a Director of the CCIM Institute, a member of the Burns Counselor
Board of the Franklin L. Burns School of Real Estate and Construction
Management at the University of Denver, a former member of the Board of
Governors of NAREIT, and was inducted as a Hoyt Fellow in 2001. Mr.
Ralston is a frequent speaker and cited expert on net lease real estate
and serves on the editorial advisory boards of Shopping Center Business,
Institutional Real Estate Letter and Net Lease Forum.