Monday, April 21, 2008

Tony Thompson didn't stay away long

Triple Net Properties/NNN Realty Advisors merges with Grubb & Ellis, Tony Thompson steps aside, and guess what? He's right back in the game with Thompson National Properties, L.L.C.

The NNN world has been very slow lately. I have some thoughts as to why but I cannot share them in public right now. It seems like this play will be more of a value-added company rather than a NNN play, which is a smart thing to do. Thompson should have the savvy and the capital (both in equity and ability to raise money and find loans) to do well.

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