IRVINE, Calif., (April 17, 2008) – Tony Thompson announced today the launch of Thompson National Properties, LLC, providing value-added real estate investment opportunities and asset management to high net worth domestic, foreign and institutional investors.

“Buy into fear and sell into greed has never been more appropriate,” said Thompson, chairman and chief executive officer of Thompson National Properties, when commenting on why now is a good time to start a new company. “As a survivor of four recessions, we believe our experience and acquired good judgment provide our investors with a disciplined team geared for extraordinary results.”

Thompson previously founded Triple Net Properties, LLC in 1998 and was its chairman and chief executive officer until October 2006 when he was elected chairman of the board of NNN Realty Advisors, Inc., Triple Net Properties’ affiliated holding company. Under Thompson’s leadership, these companies raised nearly $3 billion in equity for various investment programs, including securitized 1031 tenant-in-common exchange programs, an industry Thompson pioneered.  In 2006, Thompson oversaw the sale of 33 percent of NNN Realty Advisors for $160 million to institutional investors through a 144A private equity offering led by Friedman, Billings, Ramsey Group, Inc.

Thompson started Triple Net Properties with four employees and grew to more than 6,000 by December 2007 when NNN Realty Advisors completed its reverse merger with Grubb & Ellis Company, and Thompson was elected chairman of the board of Grubb & Ellis. Thompson stepped down as the chairman to form Thompson National Properties. He remains the second largest Grubb & Ellis stockholder.

For more information regarding Thompson National Properties, please visit www.tnpre.com.