IRVINE, Calif., April 13, 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 Phil Levin has joined its Board of Directors effective April 1, 2011. Levin was also appointed chair of the audit committee of SRT's Board of Directors.
"We are very pleased to welcome Phil to SRT's Board of Directors," said Thompson National Properties' CEO, Anthony W. "Tony" Thompson. "Phil's accounting, finance and real estate development experience, specifically in grocery-anchored centers, gives SRT a uniquely qualified director. Phil and I have a long-term relationship having served together on a nonprofit board."
Levin currently serves as a managing partner of L&M Capital Partners, an investment advisory firm. He has also served since 1991 as president of Levin Development Company, a real estate development and consulting firm. Prior to founding Levin Development Company, Levin served for approximately 16 years with Coopers & Lybrand, L.L.P. (now PricewaterhouseCoopers), where he became the managing partner of the firm's consulting practice in Michigan. Prior to this, Levin served as manager of the Consulting Services Division of Arthur Young & Company (now Ernst & Young) in Toledo, Ohio.
Levin holds an MBA in finance and a bachelor's degree in accounting from the University of Pittsburgh.
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 March 25, 2011, TNP Strategic Retail Trust has issued 2,732,589 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 April 13, 2011, Thompson National Properties manages a portfolio of 133 commercial properties, in 30 states, totaling more than 20.1 million square feet, on behalf of over 4,000 investor/owners with an overall purchase value of $2.6 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.