Thompson, who exited from Grubb & Ellis in February, says that in light of current market conditions, "'Buy into fear and sell into greed' has never been more appropriate." As a survivor of four recessions, he says, he and his team "believe our experience and acquired good judgment provide our investors with a disciplined team" that can deliver results for their clients.
Thompson says that his firm will identify investments via its relationships with real estate brokers, property owners, lenders and investment bankers in key markets. It will focus on adding value through a variety of management, operating and capital strategies.
Thompson founded Triple Net Properties LLC with four employees 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. Over time the companies raised nearly $3 billion in equity for various investment programs, including TIC deals.In 2006, Thompson oversaw the sale of 33% of NNN Realty Advisors for $160 million to institutional investors through a 144A private equity offering.
In the December 2007 merger of NNN Realty Advisors with Grubb & Ellis Co., Thompson was elected chairman of the board of Grubb & Ellis, and he remains the second largest Grubb & Ellis stockholder.
In addition to its headquarters in Irvine, Thompson's new firm starts out with offices in Denver and Las Vegas.
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