IRVINE, Calif., June 20, 2011 /PRNewswire/ -- TNP Strategic Retail Trust, Inc. (SRT), a publicly registered non-traded REIT that invests in grocery and drug-store anchored, multitenant necessity retail properties, announced today Peter K. Kompaniez has joined its Board of Directors effective June 9, 2011.
"We are very excited to have Peter join the Board," said James Wolford, CFO, treasurer and secretary of TNP Strategic Retail Trust. "The company will definitely benefit from the years of experience and knowledge he brings to the Board."
Kompaniez is co-founder of Apartment Investment and Management Company (AIMCO) (NYSE: AIV). AIMCO owns and operates a geographically diversified portfolio of apartment communities consisting of 1,290 properties located in 47 states. He is also owner and CEO of the TBL Group and a senior advisor to Kerlin Capital Group. Previously, Kompaniez was president and CEO of PDI Realty and Heron Financial Group.
Kompaniez has been a member of the Board of Directors at American Health Properties, formerly a publicly traded healthcare REIT, NHP Properties, a property management real estate syndicator and apartment owner, and Oxford Property Trust, an owner of apartment communities.
Kompaniez earned his bachelor's degree in American studies from Yale College and his juris doctor degree from the University of California, Berkley. He is currently a member of the National Multihousing Council and NAREIT.
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 June 13, 2011, TNP Strategic Retail Trust has issued 3,310,125 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 June 20, 2011, Thompson National Properties manages a portfolio of 151 commercial properties, in 30 states, totaling more than 19.8 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.
SOURCE TNP Strategic Retail Trust, Inc.