IRVINE, Calif., (August 7, 2009) - Thompson National Properties, LLC, announced today that the Registration Statement relating to the initial public offering of TNP Strategic Retail Trust, Inc. has been declared effective by the U.S. Securities and Exchange Commission. TNP Strategic Retail Trust is offering up to $1 billion of its common stock in the offering and intends to qualify as a real estate investment trust (REIT) for federal income tax purposes.
The Company intends to use the net proceeds from this offering to invest in and manage a portfolio of income-producing retail properties, primarily located in the Western United States, including neighborhood multi-tenant grocery anchored shopping centers and free standing single-tenant retail properties, and real estate-related assets, including the investment in or origination of mortgage, mezzanine, bridge and other loans related to commercial real estate.
"This is the fifth public REIT I have sponsored since 1999," said Anthony W. "Tony" Thompson, Chairman and Chief Executive Officer, Thompson National Properties. "I haven't seen such opportunity in the retail space in a very long time."
Thompson National Properties, LLC provides real estate investment opportunities and asset management to high net worth domestic, foreign, individual and institutional investors. As of August 7, 2009 Thompson National Properties has 73 commercial properties totaling more than 10.8 million square feet under management. For more information regarding Thompson National Properties, please visit www.tnpre.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities. Any such solicitation must be preceded or accompanied by a prospectus. Investors should read the prospectus carefully and consider the investment objectives, risks and charges and expenses before investing. A copy of the prospectus related to the offering may be obtained from TNP Securities, LLC, the dealer manager of the offering, by calling (877) 982-7846, or by sending a written request to TNP Securities, LLC, 1900 Main Street, Suite 700, Irvine, California 92614.
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