TNP Strategic Retail Trust Acquires Lahaina Gateway in Lahaina, Maui, Hawaii

 TNP Strategic Retail Trust Acquires Lahaina Gateway in Lahaina, Maui, Hawaii

PR Newswire

IRVINE, Calif., Nov. 14, 2012

IRVINE, Calif., Nov. 14, 2012 /PRNewswire/ --On November 9, 2012, TNP
Strategic Retail Trust, Inc. (the "Company"), a public non-traded REIT that
invests in grocery and drug-store anchored, multi-tenant necessity retail
properties and other real estate-related assets, completed the Company's 21st
acquisition, Lahaina Gateway located in Lahaina, Maui, Hawaii.

Lahaina Gateway is a contemporary style neighborhood retail center constructed
in 2008 and has approximately 136,683 square feet of leasable area with land
parcels totaling approximately 11 acres. The property is anchored by Foodland
Farms Market, Barnes and Noble and Office Max and is approximately 80% leased.
The property is across the street from a Safeway/CVS anchored center with
significant traffic and synergy.

"Lahaina was purchased at approximately 50% of its 2008 development cost and
was acquired directly from the lender who foreclosed on the property in
September 2011. The Company is pleased to report significant leasing demand
since contracting to purchase Lahaina in June 2012," said the Company's CEO,
Anthony W. "Tony" Thompson.

The Company was advised by Faris Lee Investments, a national leading retail
advisory and brokerage firm. Lahaina was purchased well below the Company's
lender's third-party appraisal.

About TNP Strategic Retail Trust, Inc.
TNP Strategic Retail Trust, Inc. is a publicly registered non-traded REIT that
invests in grocery and drug-store anchored, multi-tenant necessity retail
properties, located primarily in the Western United States, and real estate
related assets, including investment in or origination of mortgage, mezzanine,
bridge and other loans related to commercial real estate. TNP Strategic Retail
Trust has acquired 21 shopping centers in 14 states containing approximately
2.2 million square feet at an overall purchase price of more than $290 million
since November 2009. For more information regarding TNP Strategic Retail
Trust, please visit www.tnpsrt.com.

About TNP
TNP is a real estate advisory company, specializing in the creation and
management of real estate investment funds. TNP uses a variety of investment
structures to fit the needs of its investors, which are designed for retail
and high net worth individual investors. TNP is also involved heavily in both
third-party property and asset management and receivership services, a key
element in any successful commercial real estate investment in today's
lender-driven marketplace.

Headquartered in Irvine, California, TNP was founded in April 2008 and has six
regional offices. As of November 13, 2012, TNP manages a portfolio of 144
commercial properties, in 30 states, totaling approximately 17.4 million
square feet, on behalf of over 5,600 investor/owners with an overall purchase
value of $2 billion. For more information regarding TNP, please visit
www.tnpre.com.

This press release shall not constitute an offer to sell or the solicitation
of an offer to buy securities.

SOURCE TNP Strategic Retail Trust, Inc.

Website: http://www.tnpsrt.com
Website: http://www.tnpre.com
Contact: Nicole Ruiz, +1-949-833-8252 ext. 149, n.ruiz@tnpre.com
 
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