Top1031

Kodak Hollywood Campus

Office in Los Angeles, CA — sponsored by Thompson National Properties

Files with the SEC as TNP 6700 Santa Monica Boulevard, DST

Minimum investment
$100k
Offering size
$16.6M
How much has sold
59.0%
Asset type
Office
Location
Los Angeles, CA
Financing
Leveraged. This offering reports mortgage debt on the property.

Sponsor-reported, from SEC filings and cited sources.

Chapter 1

What is this, in one paragraph?

Kodak Hollywood Campus is a Delaware statutory trust (DST) — a structure that lets 1031 exchangers hold fractional interests in real estate — holding a two-building Hollywood office campus that Thompson National Properties bought from Eastman Kodak in January 2009. It was offered under Rule 506(b), the private-placement exemption barring general advertising, to accredited investors. Its SEC filing record spans 2009 to 2010.

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These links support the historical public record; individual details may come from different sources.

On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.

Chapter 2

What exactly is the property?

Thompson National Properties bought the campus from Eastman Kodak in a deal CoStar reported on January 6, 2009 at $31.44 million. The sponsor's offering summary describes a Class A office and production campus at 1017 N. Las Palmas Avenue and 6700 Santa Monica Boulevard in Los Angeles, with 206 parking spaces.1 A Jones Lang LaSalle brochure later marketed the same two addresses as a boutique media campus, formerly Eastman Kodak's headquarters.2

Reported location
Los Angeles, CA
Property size
102,799 SF (2-building Class A office campus on 2.97 acres)
Chapter 3

Who is the tenant, and what's the lease?

The campus was 100% leased to Eastman Kodak on a triple-net lease — the tenant covers taxes, insurance and maintenance — that the sponsor said began December 24, 2008 and ran 10 years with 3% annual increases.1 The Los Angeles Business Journal reported on October 12, 2015 that SIM Group leased 65,000 square feet there.3

Chapter 4

How did it end?

What happened

Sold

TNP 6700 Santa Monica Boulevard, DST sold its former Kodak Hollywood campus on 5/28/2013 to Lincoln Property Co. from Thompson National Properties of Irvine for $24.5 million per the Los Angeles Times (5/30/2013), with the 1031 Gateway executive summary identifying this property as a TNP-sponsored DST—representing the trust's full cycle, though no separately stated equity multiple, total return %, IRR, or hold-length figure appeared in public announcements [1][2][3].

SEC Form D filings ran 2009-04-14 to 2010-01-22 (NASAA EFD ID 5636 / Acc 0001460849-09-000007, with later D/A 0001460849-10-000001). Sponsor: Thompson National Properties LLC, Irvine, CA (1900 Main Street Suite 700, (949) 833-8252). Acquisition $31.44M (Jan 2009 CoStar); loaded purchase price $35.437M. DST offering size $16.57M, $7.847M sold, $8.723M remaining; 53.24% LTV; 14.87% projected annualized return over 5-year hold. Property is 100% leased to Eastman Kodak Co. (NYSE: EK) on a 10-year NNN lease with 3% annual increases; Kodak rated B- by S&P at the time. Form D issuer officers: Anthony W Thompson, Jack R Maurer, Greg Genovese, Johnna Howard, Darryll Goodman. Property later branded 'Hollywood Media Campus' on JLL's listing.

102,799 SF (2-building Class A office campus on 2.97 acres)
$24,500,000Sale price · as reported by the sponsor
Supporting evidence
Chapter 5

How is it financed, and what does it pay?

Leveraged means the Trust carried mortgage debt alongside investor equity, so a lender's remedies on default sit ahead of the beneficial owners. Thompson National Properties' offering summary stated an $18,867,000 loan against a loaded purchase price of $35,437,000.1

Financing
Leveraged. This offering reports mortgage debt on the property.
Chapter 7

What does the paperwork say?

The Trust is a Delaware business trust formed in 2008, and the filing record shows a first sale on April 2, 2009.4 Each later amendment did one job: update the running total of interests sold and the number of investors as the raise progressed.

  1. First Form D filedThe public offering record begins.
  2. Offering amount recordedA Form D amendment recorded offering and sales totals.
  3. Filing record updatedA later amendment updated the sponsor’s filing record.
  4. Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
Filings on record
8
How it may be offered
Rule 506(b)Not advertised publicly. Offered through existing relationships.
Source filing
Read the filings on SEC EDGAR

A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.

DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current Private Placement Memorandum before investing.

Chapter 8

Common questions

What happened to Kodak Hollywood Campus?

Top1031 lists Kodak Hollywood Campus as historical. It is no longer raising money.

Where does Top1031 get the data for Kodak Hollywood Campus?

Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.

Is this Trust still open to new investors?

The public filing record ends with the Form D amendment dated January 22, 2010, and that amendment did not report the offering as fully subscribed. No later Form D appears under the Trust's CIK. Anyone approached about interests in this Trust today should verify directly with the sponsor and in the PPM (private placement memorandum) what remains, if anything.

Who was the tenant, and what happened to the lease?

Thompson National Properties' offering summary said the campus was 100% leased to Eastman Kodak under a triple-net lease commencing December 24, 2008, running 10 years with 3% annual rent increases. The Los Angeles Business Journal reported on October 12, 2015 that SIM Group signed a 10-year lease for 65,000 square feet at the campus.

Who occupies the property now?

Broker material markets the campus as Hollywood Media Campus. A CommercialSearch listing updated April 21, 2026 labels 1017 North Las Palmas Avenue as multi-tenant with five available office spaces, three immediately and two from January 1, 2027. Listing material does not establish who owns the property today or whether the Trust still holds it.

What happened to the sponsor?

Thompson National Properties, an Irvine, California sponsor led by Anthony W. Thompson, has ten offerings in Top1031's record and none currently raising. InvestmentNews reported on August 1, 2011 that an investor in this specific offering brought a prospective class action against broker-dealer Berthel Fisher. Top1031 located no primary court record resolving that matter.

Has an outcome been reported for this Trust?

No outcome has been reported in the sources Top1031 reviewed. No primary record was located establishing a sale, refinancing, loan payoff, or current ownership of the campus by the Trust after the January 22, 2010 Form D amendment.

Chapter 9

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