Thompson National Properties Acknowledges Cash Flow Problems, Proposes Restructuring

In a February 14, 2014 letter, Thompson National Properties (TNP) acknowledged that it “cannot support its current debt load” and proposed a plan to convert the investors’ notes in several TNP-sponsored programs into equity. The Thompson National Properties programs at issue are TNP 2008 Participating Notes, TNP 12% Notes and TNP PPP. The Peiffer Rosca securities… Read more »

Tony Thompson, Thompson National Properties, and TNP Strategic Retail Trust Sued

Tony Thompson, Thompson National Properties, and TNP Strategic Retail Trust have been sued in a class action by securities attorneys Alan Rosca and Joe Peiffer, along with their co-counsel. Attorneys Alan Rosca, Joe Peiffer, and their colleagues have been filing cases on behalf of investors in a number of real estate investment programs sponsored by Thompson National Properties… Read more »

Thompson National Properties Investors Suing Underwriter of TNP 2008 Participating Notes

TNP 2008 Participating Note investors have sued Berthel Fisher & Company, an Iowa stockbrokerage firm that helped promote that TNP-sponsored real estate investment program to the investing public. The investors are represented by securities attorneys Alan Rosca and Joe Peiffer, along with their Iowa co-counsel. Thompson National Properties (“TNP”), an Irvine, California real estate management firm, has organized and promoted… Read more »