TNP Strategic Retail Trust problems
Tag Archive

  • Tony Thompson Asked to Resign

    August 15, 2013 Comments (0) Blog, Securities Fraud

    According to Investment News, the board of TNP Strategic Retail Trust has asked for the resignation of co-CEO and founder, Tony Thompson. In addition, the board of the nontraded REIT has relieved Thompson as manager of the REIT’s properties. Although Thompson still has connections to the REIT, according to his

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  • TNP Strategic Retail Trust cuts dividend.

    March 20, 2013 Comments (0) Blog, Securities Fraud

    According to a recent SEC filing, because of loan compliance issues with its lenders, TNP Strategic Retail Trust Inc. will not pay a dividend in the first quarter of 2013 and may not pay any type of distribution for 2013. Based on reports, short-term liquidity issues, including an accelerated maturity date of loans,

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