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Sponsors/Thompson National Properties
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Thompson National Properties

DST Sponsor · SEC filing history and documented Program outcomes

Website not on record
Sponsor status: Thompson National Properties, LLC filed for Chapter 11 bankruptcy on September 26, 2019, following years of debt defaults and FINRA fraud allegations against founder Tony Thompson, effectively winding down the sponsor.Thompson National Properties, LLC filed for Chapter 11 bankruptcy on September 26, 2019, following years of debt defaults and FINRA fraud allegations against founder Tony Thompson, effectively winding down the sponsor.Source 1 ↗Source 2 ↗Source 3 ↗
Public record notes
  • Finra complaint FINRA fraud allegations against the founder; sponsor filed Chapter 11 in 2019 Allegations remain allegations unless a regulator or court makes a final finding.
Programs on record13
First filed2009
Active offerings0

Sponsor-reported, from SEC filings and cited sources.

1Record Card2Programs3Offerings4About
Record CardProgramsOfferingsAbout
On this sponsor record
  1. 1Record Card
  2. 2Programs
  3. 3Offerings
  4. 4About
  5. 5Next step
Chapter 1

What is on this sponsor’s Record Card?

Top1031 Sponsor Record Card

Thompson National Properties

How this letter was decided
C
Grade C

2 completed sales; 1 loss or impairment; 3 counted Programs. Fewer than three completed sales. Regulatory record: FINRA fraud allegations against the founder; sponsor filed Chapter 11 in 2019.

Completed sales 2Losses or impairments 1·Counted Programs 3

Losses and impairments on the record
  • TNP Spring Gate Plaza, DST · Recorded default · Distress · Jul 10, 2020 · Document ↗
Programs found in SEC fundraising filings (Form D)
13
Sold, result reported by the sponsor
0
Sold, result not reported by the sponsor
5
Sold according to the sponsor, not yet verified by us
0
Moved into a REIT instead of sold
0
Lost investors' money, or capital at documented risk
1
Older than 7 years, confirmed still operating
0
Older than 7 years, no public outcome found
7
No outcome recorded · under 7 years
0
Share of programs over 3 years old whose status we confirmed
46%
Sources searched
  • SEC EDGAR Form D filings
  • Sponsor performance tables, PPM prior-performance sections and press releases
  • Court, county and regulator records: PACER and federal court dockets, Epiq/KCC/Stretto claims-agent dockets, county recorder and sheriff-sale records, regulator filings, press wires

Every count links to a document. If we missed a sale, a reported result or a public record, send it. Evidence changes a Grade.

Submit a correction ↗
Chapter 2

Which Programs are on the record?

A Program is one filing-level offering record associated with this Sponsor. Results are public and stay next to their source.

Filter Programs
ProgramSponsor-stated resultCounted as
TNP Northgate Boise, DSTFirst filed 2014Completed sale Source ↗
Sold, no result reportedDocument ↗
Shown with a free account
TNP Spring Gate Plaza, DSTFirst filed 2013TNP Spring Gate Plaza, LLC filed Chapter 11 on July 10, 2020 to stop a foreclosure sale scheduled for July 13, 2020. This verifies financial distress but does not by itself establish that a foreclosure was completed. Source ↗
Lost or impaired investor capital · Recorded default · DistressDocument ↗
Shown with a free account
Thompson/Post Reserve Apartments, DSTFirst filed 2012Completed sale Source ↗
Sold, no result reportedDocument ↗
Shown with a free account
TNP 3745 PENTAGON BLVD DSTFirst filed 2012 Source ↗
No public outcome foundDocument ↗
Shown with a free account
Thompson/Post Canyons At West 45th Ave, DSTFirst filed 2011 Source ↗
No public outcome foundDocument ↗
Shown with a free account
Show all 13 Programs
Thompson/Post Ladera Palms, DSTFirst filed 2011 Source ↗
No public outcome foundDocument ↗
Shown with a free account
Thompson/Post Regal Crossing, DSTFirst filed 2011Completed sale Source ↗
Sold, no result reportedDocument ↗
Shown with a free account
TNP 1265 NW Waterhouse Ave, DSTFirst filed 2011 Source ↗
No public outcome foundDocument ↗
Shown with a free account
TNP 3350 Boyington, DSTFirst filed 2011 Source ↗
No public outcome foundDocument ↗
Shown with a free account
TNP 121 S. Martin Luther King Blvd., DSTFirst filed 2010 Source ↗
No public outcome foundDocument ↗
Shown with a free account
TNP Irving Square, DSTFirst filed 2010 Source ↗
No public outcome foundDocument ↗
Shown with a free account
Thompson/Morgan Baton Rouge I, DSTFirst filed 2009Completed sale Source ↗
Sold, no result reportedDocument ↗
Shown with a free account
TNP 6700 Santa Monica Boulevard, DSTFirst filed 2009Completed sale Source ↗
Sold, no result reportedDocument ↗
Shown with a free account
Chapter 3

Active offerings

Active means the sponsor’s SEC filings show the offering still raising money. It does not confirm you can still buy in.

No active offerings are on record for this sponsor.

Chapter 4

Who is behind this record?

Thompson National Properties, LLC is a Delaware limited liability company formed in February 2008 and, according to a 2009 SEC filing, owned and managed by Anthony W. Thompson. The firm sponsored Delaware statutory trust programs it described as serving Section 1031 exchange investors and cash investors, reporting in September 2012 that it had sponsored 10 DST programs for more than 500 DST investors since late 2008. That same release announced a TNP-sponsored DST acquisition of Thompson/Post Reserve Apartments, a 158-unit Class A townhome-style community in Evansville, Indiana. Top1031 tracks 13 TNP-affiliated trusts with first SEC filings from 2009 through 2014.

Sponsor-stated figures are as reported by the sponsor.Sources: sec.gov · prnewswire.com · Top1031 sponsor record · ecf-ciao.cacb.uscourts.gov

Thompson National Properties, LLC (TNP) is a Delaware limited liability company formed in February 2008; a 2009 SEC filing identifies it as the sponsor and parent company of the advisor to TNP Strategic Retail Trust, Inc. and states that it was owned and managed by Anthony W. Thompson1. In a press release filed with the SEC in July 2011, TNP described itself as an international real estate advisory company specializing in creating and managing real estate investment funds and reported managing 150 commercial properties in 30 states totaling more than 19.8 million square feet for over 4,000 investor-owners2.

In a release dated September 5, 2012, TNP said it sponsored Delaware statutory trust programs for Section 1031 exchange investors and cash investors, that those programs were designed to invest in multifamily communities and credit-tenant properties, and that it had sponsored 10 DST programs for more than 500 DST investors since late 2008; the same release announced that a TNP-sponsored DST had acquired Thompson/Post Reserve Apartments, a 158-unit Class A townhome-style apartment community in Evansville, Indiana3. Top1031 tracks 13 TNP-affiliated Delaware statutory trusts whose first SEC filings span 2009 through 2014 — two in 2009 (TNP 6700 Santa Monica Boulevard, DST and Thompson/Morgan Baton Rouge I, DST), two in 2010, five in 2011, two in 2012, one in 2013, and TNP Northgate Boise, DST in 20144.

A hearing report of the United States Bankruptcy Court for the Central District of California identifies TNP Spring Gate Plaza, LLC, a Delaware limited liability company, as a Chapter 11 debtor whose petition was filed on July 10, 20205.

Show sources (5)Hide sources (5)
  • sec.gov ↗Public recordJul 10, 2009
  • sec.gov ↗Public recordJul 5, 2011
  • prnewswire.com ↗Sponsor disclosureSep 5, 2012
  • Top1031 sponsor record ↗
  • ecf-ciao.cacb.uscourts.gov ↗Public recordSep 3, 2020
Written from SEC filings and cited sources · Updated Sep 3, 2026

Thompson National Properties in the news

—Regal Crossing Apartment Homes in Dallas, TexasCurrent property website confirming ongoing operation at 7575 Chaucer Pl, Dallas, TX 75237 with one- and two-bedroom floorplans.
Regal Crossing Apartment Homes (current management) ↗
—Regal Crossing Property ProfilePost-DST acquirer's profile of the same physical property (7575 Chaucer Pl, Dallas, TX 75237) confirming the 384-unit asset and listing year purchased 2018 — corroborating the underlying real estate.
Exponential Property Group ↗
Jul 20, 2026Beavercreek office building at 3745 Pentagon Blvd. sells for $10.3 millionThe 87,000-square-foot Class-A office building at 3745 Pentagon Blvd. in Beavercreek sold for $10.3 million.
Dayton Business Journal ↗
Apr 25, 2019Millennium Towne Center apartments in Baton Rouge sells for nearly $50 millionReports Thompson/Morgan Baton Rouge I DST, of Pittsford, New York, sold Millennium Towne Center (276 units) for $49.7M to the Inland-affiliated Baton Rouge Multifamily Trust DST; previous purchase was $39.8M in June 2009.
The Advocate (Baton Rouge) ↗also: Inland Group (sponsor-site) ↗
Jan 15, 2019Millennium Towne CenterTrade listing of the 276-unit Millennium Towne Center apartment community for sale in Baton Rouge, adjacent to leading retail; does not name any DST.
Cushman & Wakefield (Multifamily) ↗
More sponsor coverage (11)
Apr 5, 2017Thompson National Properties helps tech firm move into new headquarters building in OhioThompson National Properties acquired the 86,928-square-foot Class-A office building at 3745 Pentagon Blvd. and helped SAIC move into it as its new headquarters.
REJournals ↗
Oct 12, 2015New Lease Develops at Kodak Site in HollywoodLABJ covers SIM International's postproduction arm leasing space in the Kodak Hollywood Campus (three-story property built 1999), post-DST-offering property-level leasing news.
Los Angeles Business Journal ↗
Jun 2, 2014Clark County Family Services plans for new $33-million homeLocal newspaper reports that the 63,365-sf building at 121 S. Martin Luther King Jr. Blvd is owned by Thompson National Properties, according to property records; the county subsequently approved a new Family Services facility.
Las Vegas Review-Journal ↗
Sep 5, 2012TNP Sponsored DST Acquires New Class A Apartment Community, Reserve Apartments & Townhomes, in Evansville, IndianaThompson National Properties announced the acquisition of Thompson/Post Reserve Apartments, a 158-unit Class A townhome-style apartment community in Evansville.
PR Newswire ↗
Aug 1, 2011Investor sues Berthel Fisher over failed Tony Thompson dealInvestmentNews reports an investor in the TNP 6700 Santa Monica Boulevard, also known as TNP Kodak, filing a prospective class-action against Berthel Fisher over the Tony Thompson-led offering.
InvestmentNews ↗
May 1, 2011TNP Regal Crossings DST 1031 Executive SummarySponsor executive summary confirming the Thompson/Post Regal Crossing, DST's $4.7M 1031 offering, 384-unit Class B apartment asset at 7575 Chaucer Place, Dallas, TX 75237, pricing, loan terms, and the $11.9M Feb 2011 appraisal.
Thompson National Properties, LLC (via 1031 Gateway) ↗
Jun 12, 2009Towne Center apartments get new ownersReports Millennium Towne Center, an upscale Jefferson Highway apartment complex, was sold by Thompson National Properties to a California-based real estate investment trust.
Baton Rouge Business Report ↗
Jan 7, 2009Thompson National Properties Acquires Kodak Hollywood CampusRE Business Online covers TNP's close on the two-building, 102,800 SF Class A Kodak Hollywood Campus at 6700 Santa Monica Blvd., 100% leased to Eastman Kodak.
RE Business Online ↗
Jan 6, 2009Eastman Kodak Sells Hollywood Campus for $31.4 MillionThompson National Properties LLC purchased the 102,800 SF Kodak Hollywood Campus in Los Angeles from Eastman Kodak Co. for $31.44 million, adding 102,800 SF of office assets.
CoStar News (Laurie Forbes) ↗
—Thompson National Properties, LLC News and Press ReleasesSponsor-level archive of Thompson National Properties, LLC press releases (2010-2013) showing the firm's 1031 DST and REIT acquisition activity, including contemporaneous 2011-2012 Thompson/Post deals; no dated Regal Crossing-specific release is listed.
PR Newswire (Thompson National Properties archive) ↗
Sep 4, 2015Strategic Realty Trust Settles Lingering Issues from Thompson National EraTrade-press account of how Thompson National Properties-managed vehicles (the same sponsor behind Thompson/Post Regal Crossing, DST) resolved litigation connected with the SRT period, providing sponsor-level context.
AltsWire ↗
Chapter 5

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Information is not advice or an offer to buy or sell securities. DSTs are illiquid private securities with substantial risks, including loss of principal.

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