TNP Strategic Retail Trust, Inc. announced that on August 29, 2012, the Board of Directors of the company appointed Peter K. Kompaniez as Co-Chief Executive Officer of the company, with Anthony W. Thompson also to serve as Co-Chief Executive Officer of the company. Mr. Kompaniez's primary responsibility in his role as Co-Chief Executive Officer is the oversight, with the company's Chief Financial Officer, of the company's financial reporting, disclosure controls and procedures and internal control over financial reporting, legal compliance and transactions with the company's external advisor, TNP Strategic Retail Advisor, LLC. Mr. Kompaniez has extensive experience serving as an executive officer of public companies, including Apartment Investment and Management Company, which he co-founded in 1994.

Mr. Kompaniez has over three decades of M&A and real estate acquisition and management experience. As Co-Chief Executive Officer, Mr. Thompson's primary responsibility will be (i) the evaluation, acquisition, management and disposition of the company's investments and (ii) the oversight of the company's capital raising efforts, including, but not limited to, the oversight and evaluation of the company's dealer manager for the company's continuous public offering. In connection with his appointment as Co-Chief Executive Officer, on August 29, 2012, Mr. Kompaniez notified the company of his resignation from his position as a member of the Board of Directors of the company, effective immediately.

Mr. Kompaniez's resignation from his position as a director was not the result of any disagreements between Mr. Kompaniez and the company on any matters relating to the company's operations, policies or practices.