{"id":1486,"date":"2014-07-22T17:04:43","date_gmt":"2014-07-22T17:04:43","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2014\/07\/net_asset_value_of_tony_thomps"},"modified":"2022-03-11T13:24:02","modified_gmt":"2022-03-11T19:24:02","slug":"net-asset-value-of-tony-thomps","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/net-asset-value-of-tony-thomps\/","title":{"rendered":"Net Asset Value of Tony Thompson’s Former Nontraded REIT Strategic Realty Trust Plunges"},"content":{"rendered":"

\t\t\t\tInvestors in Strategic Realty Trust Inc. have been notified that the NAV of the nontraded real estate investment trust has dropped almost 30% from $10\/share to $7.11\/share. The REIT, previously known as TNP Strategic Realty Trust Inc., has a portfolio that includes over a dozen shopping centers.<\/p>\n

Shareholders received a letter telling them that while the REIT has experienced significant property appreciation, different transaction costs have offset gains. This includes transaction costs at $1.54\/share, organization and offering expenses at $1.23\/share, capital returned to investors via distributions at $1.04\/share, and other expenses. <\/p>\n

Tony Thompson was the REIT’s head until last year when he was forced to step down as president and co-chief executive officer by the board. Several months ago, he relinquished his director position and stopped a proxy battle against the board. The real estate investment trust consented to purchase his more than 130,000 shares at $8\/share.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Investors in Strategic Realty Trust Inc. have been notified that the NAV of the nontraded real estate investment trust has dropped almost 30% from $10\/share to $7.11\/share. The REIT, previously known as TNP Strategic Realty Trust Inc., has a portfolio that includes over a dozen shopping centers. Shareholders received a letter telling them that while […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4014],"tags":[],"class_list":["post-1486","post","type-post","status-publish","format-standard","hentry","category-non-traded-reits"],"yoast_head":"\nNet Asset Value of Tony Thompson's Former Nontraded REIT Strategic Realty Trust Plunges — Investor Lawyers Blog — July 22, 2014<\/title>\n<meta name=\"description\" content=\"Investors in Strategic Realty Trust Inc. have been notified that the NAV of the nontraded real estate investment trust has dropped almost 30% from — July 22, 2014\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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