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Sponsors/Thompson National Properties
TN

Thompson National Properties

DST sponsor · first SEC filing 2009

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.
Active offerings0None in current SEC filings
Programs on record13 →SEC Form D filings
First filed2009Earliest Form D on record
Property focusMultifamily 5 · Net lease 411 of 11 with a stated type

Counted by Top1031 from SEC Form D filings · updated Oct 15, 2026 · Record Card evaluated Oct 12, 2026

Sponsor Record Card
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: 2
Lost or impaired 1 · Counted Programs 3
See the full cardRead the method

Thompson National Properties has sponsored 13 Delaware Statutory Trust (DST) programs found in SEC Form D filings since 2009, most often multifamily and net lease properties. None of its offerings is active in SEC filings today; its most recent Form D was first filed in 2014.

1Offerings2Record Card3About4Track record 135News6Questions7Similar sponsors
OfferingsRecord CardAboutTrack record 13NewsQuestionsSimilar sponsors
On this sponsor page
  1. 1Offerings
  2. 2Record Card
  3. 3About
  4. 4Track record 13
  5. 5News
  6. 6Questions
  7. 7Similar sponsors
  8. 8Next step

Thompson National Properties DST offerings (0 active)

Active means an SEC filing in the last 15 months and not reported fully subscribed. It does not confirm you can still invest.

Ask a 1031 specialist about Thompson National Properties

No active offerings are on record for this sponsor.

Thompson National Properties 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 1Counted Programs 3

Of 13 Programs, 3 count toward the Grade: 2 completed sales and 1 loss or impairment. The lines below describe all Programs, including those outside the Grade count.

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 offering documents
  • 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

If we missed a sale, a reported result or a public record, send it. Evidence changes a Grade.

Submit a correction ↗

About Thompson National Properties

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 · SEC filing · 2009 · sec.gov · SEC filing · 2011 · prnewswire.com · Press release · 2012 · Top1031 sponsor record · ecf-ciao.cacb.uscourts.gov · PDF document · 2020

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. Thompson 1. 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-owners 2.

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, Indiana 3. 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 2014 4.

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, 2020 5.

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

Thompson National Properties track record (13 programs)

Every program found in SEC Form D filings. Programs with a reported result are listed first, then the rest by first filing year. Each row links to its SEC filings.

Filter by Record Card line
ProgramResult on recordCounted asFiling
TNP Northgate Boise, DSTFirst filed 2014Completed sale Source ↗
Sold, no result reported
SEC filings ↗
Thompson/Post Reserve Apartments, DSTFirst filed 2012Completed sale Source ↗
Sold, no result reported
SEC filings ↗
Thompson/Post Regal Crossing, DSTFirst filed 2011Completed sale Source ↗
Sold, no result reported
SEC filings ↗
Thompson/Morgan Baton Rouge I, DSTFirst filed 2009Completed sale Source ↗
Sold, no result reported
SEC filings ↗
TNP 6700 Santa Monica Boulevard, DSTFirst filed 2009Completed sale Source ↗
Sold, no result reported
SEC filings ↗
TNP Spring Gate Plaza, DSTFirst filed 2013No sponsor-reported figure
Lost or impaired investor capital · Recorded default · DistressDocument ↗
SEC filings ↗
TNP 3745 PENTAGON BLVD DSTFirst filed 2012No sponsor-reported figure
No public outcome found
SEC filings ↗
Thompson/Post Canyons At West 45th Ave, DSTFirst filed 2011No sponsor-reported figure
No public outcome found
SEC filings ↗
Thompson/Post Ladera Palms, DSTFirst filed 2011No sponsor-reported figure
No public outcome found
SEC filings ↗
TNP 1265 NW Waterhouse Ave, DSTFirst filed 2011No sponsor-reported figure
No public outcome found
SEC filings ↗
TNP 3350 Boyington, DSTFirst filed 2011No sponsor-reported figure
No public outcome found
SEC filings ↗
TNP 121 S. Martin Luther King Blvd., DSTFirst filed 2010No sponsor-reported figure
No public outcome found
SEC filings ↗
TNP Irving Square, DSTFirst filed 2010No sponsor-reported figure
No public outcome found
SEC filings ↗
Show all 13 programsShow fewer

Thompson National Properties news

  1. Jul 20, 2026

    Beavercreek office building at 3745 Pentagon Blvd. sells for $10.3 million

    Dayton Business Journal ↗

  2. Jul 24, 2026

    TNP Northgate Boise DST sold in October 2025

    Top1031

  3. Jul 24, 2026

    TNP Spring Gate Plaza DST filed for Chapter 11 in July 2020

    Event: Jul 2020 · Top1031

More Thompson National Properties coverage (14)
  1. Aug 26, 2026

    TNP 1265 NW Waterhouse Ave DST sold in December 2019

    Event: Dec 2019 · Top1031

  2. Jul 27, 2026

    Thompson/Post Reserve Apartments DST sold in July 2019

    Event: Jul 2019 · Top1031

  3. Apr 25, 2019

    Millennium Towne Center apartments in Baton Rouge sells for nearly $50 million

    The Advocate (Baton Rouge) ↗

    Also covered by 1 outlet
    • Inland Group (sponsor-site) ↗
  4. Jan 15, 2019

    Millennium Towne Center

    Cushman & Wakefield (Multifamily) ↗

  5. Apr 5, 2017

    Thompson National Properties helps tech firm move into new headquarters building in Ohio

    REJournals ↗

  6. Oct 12, 2015

    New Lease Develops at Kodak Site in Hollywood

    Los Angeles Business Journal ↗

  7. Jun 2, 2014

    Clark County Family Services plans for new $33-million home

    Las Vegas Review-Journal ↗

  8. Sep 5, 2012

    TNP Sponsored DST Acquires New Class A Apartment Community, Reserve Apartments & Townhomes, in Evansville, Indiana

    Thompson National Properties, LLC via PR Newswire ↗

  9. Aug 1, 2011

    Investor sues Berthel Fisher over failed Tony Thompson deal

    InvestmentNews ↗

  10. May 1, 2011

    TNP Regal Crossings DST 1031 Executive Summary

    Thompson National Properties, LLC (via 1031 Gateway) ↗

  11. Jun 12, 2009

    Towne Center apartments get new owners

    Baton Rouge Business Report ↗

  12. Jan 7, 2009

    Thompson National Properties Acquires Kodak Hollywood Campus

    RE Business Online ↗

  13. Jan 6, 2009

    Eastman Kodak Sells Hollywood Campus for $31.4 Million

    CoStar News (Laurie Forbes) ↗

  14. Sep 4, 2015

    Strategic Realty Trust Settles Lingering Issues from Thompson National Era

    AltsWire ↗

Questions about Thompson National Properties DSTs

Does Thompson National Properties have DST offerings available now?
None of Thompson National Properties’ offerings is active in SEC filings today. Its most recent Form D was first filed in 2014.
How many DST programs has Thompson National Properties sponsored?
Top1031 found 13 Thompson National Properties programs in SEC Form D filings. The first was filed in 2009. Each is listed in the track record on this page with a link to its SEC filings.
What kind of property does Thompson National Properties put in its DSTs?
Of the 11 Thompson National Properties offering records on Top1031, five are multifamily, four net lease and two office.
What results has Thompson National Properties published for its DSTs?
On its Record Card, none of its 13 programs sold with a result reported by the sponsor yet. Of the rest, five sold without a result reported by the sponsor. Sponsor-stated figures are as reported by the sponsor; Top1031 does not compute or estimate returns.
How do I ask about Thompson National Properties offerings?
Use the “Ask a 1031 specialist about Thompson National Properties” button at the top of Thompson National Properties’ offerings list on this page. Top1031 is not a broker-dealer or investment adviser and does not provide tax, legal, or investment advice.

Answers are generated from the counts on this page and change when the record changes.

Other DST sponsors with active offerings

  • Cove Capital Investments logoCove Capital Investments18 active · 101 programs on record
  • ExchangeRight logoExchangeRight11 active · 121 programs on record
  • Kingsbarn Realty Capital logoKingsbarn Realty Capital10 active · 87 programs on record
  • Inland Private Capital logoInland Private Capital8 active · 235 programs on record
  • Net Lease Capital Advisors logoNet Lease Capital Advisors8 active · 30 programs on record
  • How to evaluate a DST sponsor →
  • DST due diligence checklist →
  • The largest DST sponsors, from SEC filings →

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Top1031 is a data and education platform, not a broker-dealer, investment adviser, tax advisor, law firm, qualified intermediary, or securities issuer.

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

Data may be incomplete or delayed, and Top1031 does not audit sponsor-reported figures. Sponsor Grades are editorial sponsor assessments, not offering ratings or recommendations.

Review the current offering documents and consult qualified professionals. Gated offering data is intended for users who self-attest that they are accredited investors.

Commercial relationships are not inputs in the Top1031 Grade method. Losses are counted only from court, county or sponsor-published records.

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