Clear As Mud
Here is an article on Tony Thompson's departure from Grubb & Ellis. It reads more like a press release than a news article. There just has to be more to this story. So, Thompson is going to stay in the real estate industry. He has to have a non-compete that would prevent him from taking employees from Grubb & Ellis (i.e. former NNN employees) and in starting a competing business. To me, this means no syndicated TIC deals or non-traded REITs. Right, like that will happen. Plus, he still owns 13% of GBE.