TNP Strategic Retail Trust

TNP Strategic Retail Trust Acquires Morningside Marketplace in Fontana, California

admin — Mon, 16 Jan 2012 00:43:43 +0000

IRVINE, Calif., (January 12, 2012) – TNP Strategic Retail Trust, Inc. (the “Company”), a public non-traded REIT that invests in grocery and drug-store anchored, multi-tenant necessity retail properties and other real estate-related assets, announced today the completion of the Company’s twelfth acquisition, Morningside Marketplace in Fontana, located in the Inland Empire region of Southern California.

Morningside Marketplace is a neighborhood, grocery-anchored shopping center, built in 2001 and anchored by Ralphsr, a subsidiary of Kroger (NYSE: KR). The property is nearly 96 percent occupied by a mix of national and regional tenants, including Chevron, Chase, KFC, Pizza Hutr, Baskin-Robbinsr and Togo’s, among others.

“We believe Morningside Marketplace is well positioned to benefit from the improving retail market in the Inland Empire,” said Thompson National Properties’ senior vice president, acquisitions, Steve Corea.ÿ”The property is in a key location, easily accessible to the 15 and 210 freeways, with strong demographics in the surrounding area.”

The property is comprised of 87,793 rentable square feet and consists of eight buildings on seven parcels, including four single-tenant buildings.

As of January 12, 2012, TNP Strategic Retail Trust has issued approximately 6,077,000 shares of common stock. The Company currently pays a monthly distribution that equates to a 7 percent annual distribution based on a share price of $10.00. 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 creation and management of real estate investment funds. TNP uses a variety of investment structures to fit the needs of its investors, which are designed for both institutional and high net worth individual investors. 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 six regional offices. As of January 12, 2012, Thompson National Properties manages a portfolio of 155 commercial properties, in 31 states, totaling approximately 18.4 million square feet, on behalf of over 4,300 investor/owners with an overall purchase value of $2.3 billion dollars. TNP has 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.

TNP Strategic Retail Trust’s Board Authorizes the Acquisition of Morningside Marketplace in Fontana, California

admin — Mon, 16 Jan 2012 00:40:08 +0000

IRVINE, Calif., (January 5, 2012) – TNP Strategic Retail Trust, Inc. (the “Company”), a public non-traded REIT that invests in grocery and drug-store anchored, multi-tenant necessity retail properties and other real estate-related assets, announced today that its boards of directors authorized the Company to pursue the acquisition of Morningside Marketplace in Fontana, California, an area commonly referred to as the Inland Empire.

“We believe Morningside Marketplace is well positioned with solid neighborhood demographics, strong credit tenancy and the accessibility of the 15 and 210 freeways,” said Thompson National Properties’ senior vice president, acquisitions, Steve Corea.

The property is comprised of 87,793 rentable square feet and consists of eight buildings on seven parcels, including four single-tenant buildings.

The acquisition is subject to various conditions to closing.

As of December 30, 2011, TNP Strategic Retail Trust has issued approximately 5,973,462 shares of common stock. The Company currently pays a monthly distribution that equates to a 7 percent annual distribution based on a share price of $10.00. For more information regarding TNP Strategic Retail Trust, please visit www.tnpsrt.com.

Headquartered in Irvine, California, Thompson National Properties was founded in April 2008 and has six regional offices. As of January 5, 2012, Thompson National Properties manages a portfolio of 156 commercial properties, in 31 states, totaling approximately 18.8 million square feet, on behalf of over 4,300 investor/owners with an overall purchase value of $2.4 billion dollars. TNP has 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.

Forward-looking statements
This press release contains forward-looking statements within the meaning of federal securities laws and regulations. These forward-looking statements are identified by their use of terms and phrases such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “should,” “will” and other similar terms and phrases, including references to assumptions and forecasts of future results. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. These risks include, but are not limited to: our ability to satisfy the necessary conditions to close the Morningside Marketplace acquisition, including obtaining funding; volatility in the debt or equity markets affecting the Company’s ability to acquire or sell real estate assets; national and local economic and business conditions; the Company’s ability to maintain sufficient liquidity and access capital markets; the performance of real estate assets after they are acquired; and other risks and uncertainties associated with our business described in the Company’s filings with the Securities and Exchange Commission. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that the expectations will be attained or that any deviation will not be material. The Company undertakes no obligation to update any forward-looking statement contained herein to conform the statement to actual results or changes in the Company’s expectations. This release should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s most recent reports on Form 10-K. Copies of these reports are available on our website and at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities.

TNP Strategic Retail Trust Announces $10 Million in Financing for Constitution Trail Centre in Normal, Illinois

admin — Wed, 21 Dec 2011 00:41:10 +0000

IRVINE, Calif., (December 19, 2011) – TNP Strategic Retail Trust, Inc. (the “Company”), a public non-traded REIT that invests in grocery and drug-store anchored, multitenant necessity retail properties and other real estate-related assets, announced today it has successfully completed $10 million in financing for Constitution Trail Centre in Normal, Illinois.

The 5-year loan was secured at a 5.75 percent rate and financed through American National Insurance Company. Financing was arranged by Wally Reid, senior managing director at Holliday Fenoglio Fowler, L.P.

“We are very pleased with the favorable terms we were able to secure with American National Insurance Company,” said TNP Strategic Retail Trust’s Chief Financial Officer, Treasurer and Secretary, James R. Wolford.ÿ

Constitution Trail Centre is a 197,739-square-foot multitenant retail center built in 2007 and located in Normal, a suburb of Bloomington in the heart of central Illinois. The retail center is anchored by Schnucks Market and Starplex Cinemas. Other national tenants include Dollar Tree, Subwayr, H&R Blockr, Great Clips and Wendy’sr. Tenants have staggered lease expirations that range from 2012 to 2029.

Headquartered in Irvine, California, Thompson National Properties was founded in April 2008 and has six regional offices. As of December 16, 2011, Thompson National Properties manages a portfolio of 154 commercial properties, in 31 states, totaling approximately 18.4 million square feet, on behalf of over 4,000 investor/owners with an overall purchase value of $2.3 billion dollars. TNP has 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.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities.

TNP Strategic Retail Trust Sells Jack in the Box(r) Parcel at San Jacinto Esplanade, a Retail Center in San Jacinto, California

admin — Tue, 06 Dec 2011 20:54:17 +0000

IRVINE, Calif., (December 1, 2011) – TNP Strategic Retail Trust, Inc. (the “Company”), a publicly registered non-traded REIT that invests in grocery and drug-store anchored, multitenant necessity retail properties, announced today the sale to a private real estate investment company of the Jack in the Box parcel and a vacant parcel at San Jacinto Esplanade, a retail center in San Jacinto, California.

“This sale generates a significant gain for TNP Strategic Retail Trust. This is our third sale of parcels in the last few months,” said Thompson National Properties’ executive vice president, real estate, Tim O’Brien. “The Company intends to use the proceeds from this sale for future acquisitions.”

San Jacinto Esplanade is a 56,473 square foot multitenant retail center built in 2007 and located on 11.54 acres. Major tenants include Fresh & Easy(t) and Starbucks.

Headquartered in Irvine, California, Thompson National Properties was founded in April 2008 and has six regional offices. As of December 1, 2011, Thompson National Properties manages a portfolio of 152 commercial properties, in 31 states, totaling approximately 18.4 million square feet, on behalf of over 4,000 investor/owners with an overall purchase value of $2.3 billion dollars. TNP has 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.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities.

TNP Strategic Retail Trust Acquires Fee Simple Title to Constitution Trail Centre in Normal, Ill

admin — Tue, 25 Oct 2011 23:52:01 +0000

IRVINE, Calif., (October 25, 2011) – TNP Strategic Retail Trust, Inc. (the “Company”), a publicly registered non-traded REIT that invests in grocery and drug-store anchored, multitenant necessity retail properties, announced today that it has acquired fee simple title to Constitution Trail Centre in Normal, Illinois.ÿ The Company previously acquired the mortgage notes secured by the property and on Friday, October 21, 2011 completed a consent foreclosure.

Constitution Trail Centre is a 197,739 square foot multitenant retail center built in 2007 and located in Normal, Illinois, a suburb of Bloomington in the heart of central Illinois. The property includes an additional value-add opportunity with 28 acres of land for future development. The center sits directly north of the densely populated Illinois State University (ISU). Aided by a well-diversified employment market, the Bloomington-Normal MSA unemployment rate was 7.4 percent as of August 2011, 2.5 percentage points lower than the Illinois average of 9.9 percent according to the U.S. Bureau of Labor Statistics.

The property is approximately 67.5 percent leased and is anchored by Schnucks and Starplex Cinemas. Other national tenants include Dollar Tree, Subway, H&R Block, Great Clips and Wendy’s. Tenants have staggered lease expirations that range from 2012 to 2029.

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 October 21, 2011, TNP Strategic Retail Trust has issued 4,821,638 shares of common stock. The Company currently pays a monthly distribution that equates to an annual 7 percent distribution. 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 creation and management of real estate investment funds. TNP uses a variety of investment structures to fit the needs of its investors, which are designed for both institutional and high net worth individual investors. 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 six regional offices. As of October 25, 2011, Thompson National Properties manages a portfolio of 151 commercial properties, in 31 states, totaling more than 18.6 million square feet, on behalf of over 4,000 investor/owners with an overall purchase value of $2.3 billion dollars. TNP has 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.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities.

TNP SRT Acquires Osceola Village in Kissimmee, Florida

admin — Tue, 18 Oct 2011 18:02:59 +0000

IRVINE, Calif., (October 12, 2011) – TNP Strategic Retail Trust, Inc. (the “Company”), a publicly registered non-traded REIT that invests in grocery and drug-store anchored, multitenant necessity retail properties, announced today the acquisition of Osceola Village, a 116,645-square-foot retail center in Kissimmee, Florida. The retail center was purchased directly from the construction lender.

“Rarely does this type of opportunity present itself to purchase the dominant grocery anchor in a growth market like Orlando,” said Thompson National Properties’ CEO, Anthony W. “Tony” Thompson. “SRT succeeded against stiff competition and closed in under 30 days.”

Constructed in 2008, Osceola Village is 77 percent occupied and anchored by Publix with a lease expiration in 2028 and hhgregg with a lease expiration in 2018. The property is located at the intersection of Osceola Parkway and Dyer Boulevard, approximately 6.5 miles from Walt Disney World, on a 23.7 acre site that includes seven fully improved outparcel pads that total 9.5 acres.

Headquartered in Irvine, California, Thompson National Properties was founded in April 2008 and has six regional offices. As of October 12, 2011, Thompson National Properties manages a portfolio of 155 commercial properties, in 31 states, totaling more than 19.2 million square feet, on behalf of over 4,000 investor/owners with an overall purchase value of $2.4 billion dollars. TNP has 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.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities.

TNP Strategic Retail Trust Sells Carl’s Jr. Parcel at Craig Promenade, a Retail Center in North Las Vegas, Nevada

admin — Fri, 07 Oct 2011 15:42:28 +0000

IRVINE, Calif., (October 6, 2011) – TNP Strategic Retail Trust, Inc. (the “Company”), a publicly registered non-traded REIT that invests in grocery and drug-store anchored, multitenant necessity retail properties, announced today the sale of the Carl’s Jr. parcel at Craig Promenade, a retail center in North Las Vegas, Nevada, to an unaffiliated 1031 buyer.

“This is the second parcel sale at Craig Promenade,” said Thompson National Properties executive vice president, real estate, Tim O’Brien. “There has been a lot of interest in our pads and this sale generates a significant gain for TNP Strategic Retail Trust.”

Constructed in 2005, Craig Promenade is anchored by Big LotsT, a national retailer. Other tenants include MetroPCSr, Party Pro, Polo Cleaners and Teriyaki Madness.

Headquartered in Irvine, California, Thompson National Properties was founded in April 2008 and has seven regional offices. As of October 6, 2011, Thompson National Properties manages a portfolio of 154 commercial properties, in 31 states, totaling more than 19.1 million square feet, on behalf of over 4,000 investor/owners with an overall purchase value of $2.4 billion dollars. TNP has 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.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities.

TNP Strategic Retail Trust Acquires Topaz Marketplace in Hesperia, California

admin — Fri, 07 Oct 2011 15:39:54 +0000

IRVINE, Calif., (September 26, 2011) – TNP Strategic Retail Trust, Inc. (the “Company”), a public non-traded REIT that invests in grocery and drug-store anchored, multi-tenant necessity retail properties and other real estate-related assets, announced today the completion of the Company’s ninth acquisition, Topaz Marketplace in Hesperia, California.

“Topaz Marketplace is the premier retail center along the Main Street corridor and features a diverse tenant base, including grocery, medical, educational and service uses,” said Thompson National Properties’ senior vice president, acquisitions, Stephen Corea. “Topaz Marketplace enjoys favorable positioning along the border of a large residential consumer base.ÿIn addition, the property is on the “Go Home” south side of Main Street, providing convenient access to customers.”

Constructed in 2008, Topaz Marketplace comprises 50,359 rentable square feet on 6.09 acres and situated on three separate land parcels. The retail center is 100 percent leased and anchored by Fresh & EasyT Neighborhood Market. Other nationally and regionally recognized tenants include MetroPCSr, DaVita Dialysis, Wood Grill Buffet and the Pizza Factory. Tenants have staggered lease expirations that range from 2018 to 2028.

The property contains a 2,900-square-foot, fully improved, developable land parcel that may be ground leased or developed in the future.

About TNP Strategic Retail Trust, Inc.
TNP Strategic Retail Trust, Inc. is a public 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 September 22, 2011, TNP Strategic Retail Trust has issued 4,415,620 shares of common stock. The Company currently pays a monthly distribution that equates to an annual 7 percent distribution. 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 creation and management of real estate investment funds. TNP uses a variety of investment structures to fit the needs of its investors, which are designed for both institutional and high net worth individual investors. 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 September 23, 2011, Thompson National Properties manages a portfolio of 154 commercial properties, in 31 states, totaling more than 19.2 million square feet, on behalf of over 4,000 investor/owners with an overall purchase value of $2.4 billion. TNP has 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.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities.

TNP Strategic Retail Trust Sells Popeyes Parcel at Craig Promenade, a Retail Center in North Las Vegas, Nevada

admin — Thu, 25 Aug 2011 15:50:42 +0000

IRVINE, Calif., (August 24, 2011) – TNP Strategic Retail Trust, Inc. (the “Company”), a publicly registered non-traded REIT that invests in grocery and drug-store anchored, multitenant necessity retail properties, announced today the sale of the Popeyes® parcel at Craig Promenade, a retail center in North Las Vegas, Nevada, to a private entity.

“TNP Strategic Retail Trust purchased Craig Promenade, a 109,250 square feet retail center, on March 31, 2011, and received many offers to sell the Popeyes parcel. The sale generated a significant gain for TNP Strategic Retail Trust,” said Thompson National Properties executive vice president, real estate, Tim O’Brien. “The advisor, Thompson National Properties, intends to use the proceeds from this sale to acquire Topaz, a fresh&easyT center in Southern California, through a 1031 exchange.”

Constructed in 2005, Craig Promenade is 77.5 percent leased and anchored by Big LotsT, a national retailer. Other nationally recognized tenants include Carl’s Jr.®, Louisiana Kitchen and MetroPCS®.

Headquartered in Irvine, California, Thompson National Properties was founded in April 2008 and has seven regional offices. As of August 23, 2011, Thompson National Properties manages a portfolio of 155 commercial properties, in 31 states, totaling more than 20 million square feet, on behalf of over 4,000 investor/owners with an overall purchase value of $2.5 billion dollars. TNP has 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.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities.

TNP Strategic Retail Trust Acquires BI-LO Grocery Store in Chester, South Carolina

admin — Tue, 26 Jul 2011 22:00:30 +0000

IRVINE, Calif., (July 26, 2011) – TNP Strategic Retail Trust, Inc. (the “Company”), a public non-traded REIT that invests in grocery and drug-store anchored, multitenant necessity retail properties and other real estate-related assets, announced today the acquisition of a BI-LO grocery store, a 45,817 square foot freestanding building, located within the Chester Plaza Shopping Center in Chester, South Carolina.

Originally constructed in 1991, BI-LO remodeled and expanded the property by more than 15,000 square feet in 1999, adding a bakery, caf‚ and pharmacy. BI-LO will implement its “Clean and Bright” store modernization and upgrade program, spending approximately $1.5 million at the Chester location, including exterior paint, new signage, installing new wood flooring in the produce department and increasing marketing and coupon programs. These upgrades are anticipated to increase sales by approximately 20 to 25 percent. BI-LO has occupied this center for more than 19 years and has a long term lease in place through 2019 with options through 2039.

BI-LO is a leading food retailer in the Southeast that employs approximately 15,100 people and operates more than 200 supermarkets throughout North Carolina, South Carolina, Tennessee and Georgia.

“We found the Chester market attractive because of several new development projects we believe are bringing jobs and additional revenue to the local community, including a new $30 million state of the art facility for Southeastern Petroleum and a new $27 million research facility for the Insurance Center for Building Safety Research,” said Thompson National Properties’ senior vice president, acquisitions, Steve Corea.

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 8, 2011, TNP Strategic Retail Trust has issued 3,554,060 shares of common stock. The Company currently pays a monthly distribution that equates to an annual 7 percent distribution. 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 creation and management of real estate investment funds. TNP uses a variety of investment structures to fit the needs of its investors, which are designed for both institutional and high net worth individual. 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, 2011, Thompson National Properties manages a portfolio of 153 commercial properties, in 31 states, totaling more than 19.9 million square feet, on behalf of over 4,000 investor/owners with an overall purchase value of approximately $2.5 billion. TNP has 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.