{"id":1004189800,"date":"2017-09-12T06:54:23","date_gmt":"2017-09-12T14:54:23","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004189800"},"modified":"2022-12-08T10:08:57","modified_gmt":"2022-12-08T18:08:57","slug":"celebrating-30-rise-and-fall-of-tics","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/celebrating-30-rise-and-fall-of-tics\/","title":{"rendered":"Celebrating 30: Rise and Fall of TICs"},"content":{"rendered":"<p><em><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/CPE_30_Logo_sky.jpeg\"><img decoding=\"async\" data-attachment-id=\"1004181076\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/celebrating-30-kelo-v-city-of-new-london\/cpe_30_logo_sky\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/CPE_30_Logo_sky.jpeg\" data-orig-size=\"830,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"CPE_30_Logo_sky\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/CPE_30_Logo_sky.jpeg?w=830\" loading=\"lazy\" class=\"alignright size-medium wp-image-1004181076\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/CPE_30_Logo_sky.jpeg\" alt=\"CPE_30_Logo_sky\" width=\"300\" height=\"224\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/CPE_30_Logo_sky.jpeg 830w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/CPE_30_Logo_sky.jpeg?resize=300,224 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/CPE_30_Logo_sky.jpeg?resize=768,574 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>As Commercial Property Executive celebrates its <a href=\"https:\/\/www.commercialsearch.com\/news\/countdown-to-30-cpe-celebrates-30-years\/\">30th anniversary<\/a>, we\u2019re taking a look back at the most significant events in commercial real estate\u2019s history. Stay tuned for our weekly posts highlighting these critical points, and follow along with us on our site and your favorite social media channels using the hashtag #CPETurns30.<\/em><\/p>\n<h2>1998<\/h2>\n<div id=\"attachment_1004190220\" style=\"width: 310px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Tony-Thompson-Headshot-e1505227233807.jpg\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004190220\" data-attachment-id=\"1004190220\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/celebrating-30-rise-and-fall-of-tics\/tony-thompson-headshot\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Tony-Thompson-Headshot-e1505227233807.jpg\" data-orig-size=\"1201,936\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Tony-Thompson-Headshot\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Tony-Thompson-Headshot-e1505227233807.jpg?w=1024\" loading=\"lazy\" class=\"wp-image-1004190220 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Tony-Thompson-Headshot-e1505227233807.jpg\" alt=\"Tony-Thompson-Headshot\" width=\"300\" height=\"234\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Tony-Thompson-Headshot-e1505227233807.jpg 1201w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Tony-Thompson-Headshot-e1505227233807.jpg?resize=300,234 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Tony-Thompson-Headshot-e1505227233807.jpg?resize=768,599 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/Tony-Thompson-Headshot-e1505227233807.jpg?resize=1024,798 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004190220\" class=\"wp-caption-text\">Tony Thompson<\/p><\/div>\n<p>When Tony Thompson founded Triple Net Properties in 1998, he became instrumental in the rise of the 1031 tenant-in-common (TIC) exchange industry. His firm and its parent company NNN Realty Advisors became one of the leading sponsors and packers of TICs, selling them through independent broker-dealers, raising some $3 billion in equity for various investment programs. The firm pooled investors&#8217; money into JVs of large commercial properties through the TIC structure. As the financial crisis loomed, however, sales of TIC interests plummeted and the vehicle became out-of-favor with investors. NNN merged with Grubb &amp; Ellis Co. in 2007, which late filed for bankruptcy protection and sold its remaining assets for $30 million to\u00a0BGC Partners. Thompson went on to launch Thompson National Properties in 2008, but he and the firm&#8217;s broker-dealer TNP Securities were barred from the securities industry in 2015, after FINRA\u00a0ruled that he made\u00a0misrepresentations to investors who bought $50 million in high-yield promissory notes sponsored by TNP from 2008 to 2012. The notes later missed payments and went into default.<\/p>\n<p><em>For more CRE history, check out last week\u2019s post on Andrew Farkas and the creation of <a href=\"https:\/\/www.commercialsearch.com\/news\/celebrating-30-andrew-farkas-forms-c-iii\/\">C-III Capital Partners<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We&#8217;re celebrating our 30th anniversary by highlighting some of the most significant events in commercial real estate&#8217;s history. This week: Tony Thompson and the tenant-in-common industry. Stay tuned for our weekly posts and follow along with us using the hashtag #CPETurns30.<\/p>\n","protected":false},"author":1242,"featured_media":1004190220,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22251,23891],"tags":[35988,36314,37486,34803],"class_list":["post-1004189800","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-in-focus","category-national","tag-cpeturns30","tag-financial-industry-regulatory-authority","tag-grubb-ellis","tag-triple-net-properties"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Celebrating 30: Rise and Fall of TICs - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/celebrating-30-rise-and-fall-of-tics\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Celebrating 30: Rise and Fall of TICs\" \/>\n<meta property=\"og:description\" content=\"We&#039;re celebrating our 30th anniversary by highlighting some of the most significant events in commercial real estate&#039;s history. 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