CRAIG MACNAB joined Commercial Net Lease Realty, Inc., as Chief
Executive Officer in February 2004. Prior to joining Commercial Net
Lease Realty, Mr. Macnab was Chief Executive Officer of JDN Realty from
April 2000 to 2003, where he initiated and led the restructuring of the
company, including successfully refinancing its credit facilities,
selling its class action litigation and altering its business strategy
to include becoming a grocery-anchored developer. JDN was acquired by
Developers Diversified in March 2003 and Mr. Macnab was elected to the
Developers Diversified Board of Directors in May 2003. Previously, Mr.
Macnab was President of Tandem Capital, a private investment company
that he founded in January 1997. Tandem Capital provided growth capital,
primarily mezzanine debt, to small public companies and was acquired by
Finova Capital in 1999. 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 healthcare industry. He has a Bcom from the University
of Witwatersrand and an MBA from Drexel University.
