Thursday, January 17, 2013
Crank Up The Way Back Machine
In TNP Strategic Retail's prospectus supplement filed yesterday, it stated that it is actively negotiating with Glenborough LLC to replace the REIT's current advisor. Glenborough, or a derivative of the current Glenborough, was formed sometime in the late 1980s or early 1990s through the roll-up of multiple August Financial limited partnerships. There is a bizarre circle of life in the world independent broker / dealer direct investments.