Annaly Commercial Real Estate Group, Inc. Acquires Grocery-Anchored Shopping Center Portfolio

Annaly Capital Management, Inc. (NYSE:NLY) (“Annaly”) today announced that its subsidiary Annaly Commercial Real Estate Group, Inc. (“ACREG”) has closed the acquisition of a portfolio of grocery-anchored shopping centers. The portfolio consists of eleven properties totaling 1.48 million square feet.

ACREG will own the portfolio in partnership with JADD Management, a commercial real estate company located in Rochester, NY.

This opportunity is consistent with ACREG’s equity investment strategy of acquiring quality commercial and multifamily properties with stable cash flows at attractive yields.

“We believe that this portfolio displays our commitment to strategically building a broader equity investment profile within our commercial platform,” said Robert Restrick, Annaly’s Head of Commercial Investments. As of September 30, 2014, Annaly has approximately $1.6 billion invested in commercial real estate loans and properties.

"This acquisition allows us to continue with our strategy of acquiring quality necessity-based retail real estate. Although our portfolio spans multiple states, we remain heavily concentrated in upstate New York and that market has always served us well,” said David M. Dworkin, a JADD Management partner.

About Annaly

Annaly’s principal business objective is to generate net income for distribution to its shareholders from its investments. Annaly is a Maryland corporation that has elected to be taxed as a real estate investment trust (“REIT”). Annaly is managed and advised by Annaly Management Company LLC.

About JADD Management, LLC

JADD Management, LLC is a full service commercial real estate development and management company.

This news release and our public documents to which we refer contain or incorporate by reference certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements which are based on various assumptions (some of which are beyond our control) may be identified by reference to a future period or periods or by the use of forward-looking terminology, such as “may,” “will,” “believe,” “expect,” “anticipate,” “continue,” or similar terms or variations on those terms or the negative of those terms. Actual results could differ materially from those set forth in forward-looking statements due to a variety of factors, including, but not limited to, changes in interest rates, changes in the yield curve, changes in prepayment rates, the availability of mortgage-backed securities and other securities for purchase, the availability of financing and, if available, the terms of any financing, changes in the market value of our assets, changes in business conditions and the general economy, our ability to consummate any contemplated investment opportunities, our ability to grow the commercial mortgage business, credit risks related to our investments in commercial real estate assets and corporate debt, changes in government regulations affecting our business, our ability to maintain our qualification as a REIT for federal income tax purposes, our ability to maintain our exemption from registration under the Investment Company Act of 1940, as amended, risks associated with the broker-dealer business of our subsidiary, and risks associated with the investment advisory business of our subsidiary. For a discussion of the risks and uncertainties which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” in our most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q. We do not undertake, and specifically disclaim any obligation, to publicly release the result of any revisions which may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.

Annaly Capital Management, Inc.Investor Relations, 1-888-8Annalywww.annaly.com

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