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Thompson opens in NY

Thompson National Properties, the private equity real estate firm founded by former Grubb and Ellis chairman Anthony Thompson, has opened an office in New York adding a former Wachovia Securities director as managing director to target real estate debt.

Irvine, California-based Thompson National Properties is expanding into the debt field by opening a New York office and appointing Robert Cade as managing director and chief investment officer responsible for its TNP Debt Fund. Anthony Thompson, former Grubb and Ellis chairman, launched Thompson National Properties in May, saying current market conditions represented a “once in a lifetime opportunity.” Thompson was unavailable for further comment.

Prior to joining the firm, Cade was director at Wachovia Securities in the real estate capital markets group since 2004 where he was the senior CMBS credit officer. Prior to that, he worked at RAIT Investment Trust, Merrill Lynch and Chase. 

Earlier this year, the private equity real estate firm appointed Lauri Schutz as chief financial officer of its $250 million (€169 million) opportunity fund, called the Bruin Fund. 

Thompson National Properties provides value-add real estate investment and asset management to high-net-worth domestic, foreign and institutional investors. Jack Maurer is the firm’s vice-chairman, partner and founding member, while former NFL American football quarterback Cade McNown is senior vice president of investor development.