TNP Strategic RetailTrust

In addition to its acquisition and disposition activities,Thompson National has formed a new subsidiary, Commerce TNP LLC,that acquired the asset services division of Commerce CRG of Nevadain Las Vegas and by doing so increases TNP's assets undermanagement by approximately three million square feet to a total ofmore than 17 million square feet.

Thompson tells GlobeSt.com that the company is buying the OrangeCounty office portfolio for approximately $55 million at a 9%-pluscap rate from a distressed seller via Thompson's participatingnotes program. It is acquiring the Hawaii retail center in Honolulufor $25.7 million through its TNP Strategic Retail Trust, buying aTucson drugstore-anchored retail center for $8 million andacquiring a Fort Worth area retail center through its DelawareStatutory Trust 1031 Exchange program for $4 million. The Hawaiiand Fort Worth properties are due to close at cap rates of morethan 10%. Thompson is selling the Washington, DC-area industrialproperty for $16.5 million on behalf of tenant-in-commoninvestors.