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.
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