National Retail Properties

Chief Executive Officer

Craig Macnab is the Chairman of the Board and Chief Executive Officer of National Retail Properties, Inc.

Prior to joining National Retail Properties, Inc., Mr. Macnab was Chief Executive Officer of JDN Realty. As Chief Executive Officer of JDN, which was acquired by Developers Diversified in March, 2003, Mr. Macnab initiated and led the restructuring of the Company including successfully refinancing its credit facilities, settling its class action litigation, and altering its business strategy to include becoming a grocery-anchored developer. He was appointed to the board of directors of Developers Diversified in May, 2003.

Before joining JDN, Craig was President of Tandem Capital, a private investment company that he founded in January 1997. Tandem Capital was acquired by Finova Capital in 1999. Tandem Capital provided growth capital, primarily mezzanine debt, to small public companies.

Mr. Macnab's prior experience includes having been an investment banker for seven years at Lazard Freres and Company in New York and six years at JC Bradford where he was co-head of the merger and acquisition department.

Mr. Macnab is also a director of Per-Se Technologies, a leading provider of business management outsourcing services for the health care industry. He has a B.com from the University of Witwatersrand and an MBA from Drexel University.