NNN Realty Advisors Inc., a commercial real estate management and services firm based in Santa Ana, Calif., has announced that Friedman, Billings, Ramsey & Co. has closed a $160 million private placement of NNN Realty's common stock.The private placement to institutional investors and certain accredited investors involved the sale of 16 million shares of common stock at $10 per share. NNN Realty Advisors is the parent company of Triple Net Properties LLC and Triple Net Properties Realty Inc.

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