Frank Crivello, Managing Member, Eastern Coast Management Announces Disposition of land in Riviera Beach, Florida

Properties located at center of massive re-development project.

Cape Canaveral, Florida - June 9, 2005— NNN Group, Inc., www.nnn.net, ("NNN") and Frank Crivello, Managing Member, Eastern Coast Management, LLC ("Eastern Coast"), www.ecmgt.net, announced that Eastern Coast has decided to divest of its three multi-family properties located on the new Boulevard entering Riviera Beach Marina, Riviera Beach, Florida. Eastern Coast will solicit bids from local investors and developers.

Eastern Coast Managing Member Frank P. Crivello stated: "We acquired this land near the center of the massive redevelopment project for the City of Riviera Beach, Florida a little over a year ago. Our attempts to acquire abutting land were unsuccessful. Given the relative lack of scale to this prospective development, we have concluded the project doesn't justify the time and effort the development of it will require."

Eastern Coast Executive Vice President Frank J Orlando stated: "We already have received unsolicited proposals for the land. Now that we have made the decision to sell the properties, we expect to place it under contract by July 15, 2005."

About NNN Group, Inc., www.nnn.net:

NNN provides Eastern Coast with real estate management and advisory services.

About Eastern Coast Management, LLC www.ecmgt.net:

Eastern Coast is focused on real estate and marine investments in the southeastern United States. For approximately twenty five years, as principals, Eastern Coast's team has been involved in all facets of real estate development, rehabilitation, and investments. In addition, Eastern Coast's team has offered professional management and advisory solutions to public and private companies, trusts, and individual investors. For approximately six years, as advisors or principals, Eastern Coast's team has been involved in marine investments of various types.

Safe Harbor Statement Under the Private Securities Litigation Act of 1995 - With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of the Eastern Coast could differ significantly from those statements. Factors that could cause or contribute to such differences include, but are not limited to assumptions relating to the marine market and that there will be no unanticipated material adverse change in Eastern Coast's operations or business.

Contact:
New-School Communications, LLC
Blois Olson, 651-221-1999
www.new-school.com

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