National Retail Properties, Inc. (NNN) is a fully integrated real estate investment trust (REIT). NNN operates in two segments: investment assets, including real estate assets, mortgages and notes receivable, and commercial mortgage residual interests (collectively, Investment Assets), and inventory real estate assets (Inventory Assets). NNN acquires, owns, invests in and develops properties that are leased primarily to retail tenants under long-term net leases and primarily held for investment (Investment Properties or Investment Portfolio). As of December 31, 2010, the Company owned 1,195 Investment Properties, including 11 properties with retail operations that NNN operates, with an aggregate leasable area of 12,972,000 square feet, located in 46 states. As of December 31, 2010, NNN owned 17 Inventory Properties. During the year ended December 31, 2010, NNN acquired the remaining 21.1% non-controlling interest in Orange Avenue Mortgage Investments, Inc. (OAMI).