Anthony W. 'Tony' Thompson and Jim Riggs Announce Joint Venture

IRVINE, Calif., Nov. 1, 2010 /PRNewswire/ -- Thompson National Properties, LLC (TNP), one of the fastest growing international real estate companies, and Jim Riggs, president at SAXA, Inc. in Scottsdale, Arizona, announced today they have formed Thompson Southwest Ventures, capitalizing on the collective strength of TNP's national presence and SAXA's regional expertise.

The real estate consulting firm will focus on financial advisory services, including receiverships, asset and property management, loan restructuring and acquisitions and dispositions in Arizona and Nevada.

"After 18 months of interviewing companies, we selected Jim and his firm because of their experience and extensive track record developing and marketing commercial properties in Arizona and Nevada," said Thompson. "In the past three years, Jim and his firm have successfully negotiated the disposition and restructuring of 45 commercial loans in excess of $250 million."

"Tony Thompson and his team are uniquely positioned to provide a broad range of services to capitalize on current market conditions," said Riggs. "Tony is a true entrepreneur and has built a reputation for providing exceptional service and maintaining strong relationships with lenders, brokers and developers throughout the country."

To reach Jim Riggs please contact him at (408) 624-5060.

About Thompson National Properties, LLC

Thompson National Properties, LLC ("TNP") is an international 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 both institutional and high net worth individual investors. Thompson National Properties is also a leader in both 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, Thompson National Properties was founded in April 2008 and has seven regional offices. As of November 1, 2010, Thompson National Properties manages a portfolio of 136 commercial properties, in 30 states, totaling more than 19.6 million square feet, on behalf of over 4,000 investor/owners with an overall purchase value of $2.4 billion dollars. TNP has expanded its operations to the Middle East to provide valuation and advisory services on over 2.3 million square feet of real estate in Saudi Arabia. For more information regarding Thompson National Properties, please visit www.tnpre.com.

SOURCE Thompson National Properties, LLC