IRVINE, Calif., (July 26, 2010) – Thompson National Properties, LLC (TNP), one of the fastest growing international real estate companies, announced today that Nathan Smith has been promoted to Controller of TNP Strategic Retail Trust (the “Company”) effective July 12, 2010.
Smith is involved in managing the reporting and analysis function of the Company. This includes generating financial statements for both internal and external financial reporting, researching technical disclosure issues to develop accurate solutions and additional financial analysis for internal reporting and communication with the external auditors. He interacts closely with senior management, the external audit group and the capital markets group to support all areas of growth and success relating to the Company.
“I am excited to have Nathan join the team,” said Christopher Cameron, Chief Financial Officer, Strategic Retail Trust and Executive Vice President, Thompson National Properties. “With his successful background at Deloitte and his previous experience with TNP, Nathan is a great addition and will have the ability to hit the ground running.”
“I look forward to working with the excellent team we have in place and maximizing the great growth opportunities that are available to our shareholders,” said Smith.
Previously, Smith served as manager at Deloitte in Costa Mesa, California, focusing on performing and supervising financial statement audits, evaluating accounting operations, analyzing and reviewing SEC filings and monitoring budgets. Smith is a certified public accountant (CPA) and graduated from the University of Southern California, where he earned a Bachelor of Science in Accounting.
About TNP Strategic Retail Trust, Inc.
TNP Strategic Retail Trust, Inc. is a publicly registered non-traded REIT that invests in grocery and drug-store anchored, multitenant necessity retail properties, located primarily in the Western United States and real estate related assets, including investment in or origination of mortgage, mezzanine, bridge and other loans related to commercial real estate. As of July 23, 2010, TNP Strategic Retail Trust has issued 1,714,985 shares of common stock. Its Board of Directors has approved a 7 percent annual dividend, to be paid monthly effective July 2010. For more information regarding TNP Strategic Retail Trust, please visit www.tnpsrt.com.
About Thompson National Properties, LLC
Thompson National Properties, LLC (“TNP”) is an international real estate advisory company, specializing in the management and creation of real estate investment funds. TNP uses a variety of investment structures to fit the needs of its investors, which are designed specifically for both institutional and high net worth individual investors alike. Thompson National Properties is also a leader in both property and asset management and receivership services, a key element in any successful commercial real estate investment in today’s lender driven marketplace.
Headquartered in Irvine, California, Thompson National Properties was founded in April 2008 and has seven regional offices. As of July 26, 2010, Thompson National Properties manages a portfolio of 134 commercial properties, in 32 states, totaling more than 18.3 million square feet, on behalf of over 4,000 investor/owners with an overall purchase value of $2.3 billion dollars. Recently TNP expanded its operations to the Middle East to provide valuation and advisory services on over 2.3 million square feet of real estate in Saudi Arabia. For more information regarding Thompson National Properties, please visit www.tnpre.com.
