Argus Realty Investors LP recently announced that it has entered into an agreement to form a venture with Thompson National Properties LLC, which will manage substantially all of Argus’ existing portfolio and introduce newopportunities.
Thompson National Properties provides value-added real estate investment opportunities and asset management to high net worth domestic, foreign and. Argus Real Investors provides commercial real estate investments, including tenant-in-common programs, private exchange programs and real estate funds.
As part of the transaction, many former Argus employees, including founding partners, Dick Gee and Tim Snodgrass, will join the ThompsonProperties team.
“We are joining forces to build a platform that will lead the industry,” said Tony Thompson, chairman and CEO of Thompson National Properties. “This transaction is the beginning of an industry consolidation that will provide stronger sponsorship for investors during these uncertain times.”
“We are really looking forward to working with Tony Thompson,” said Gee. “Given the current state of the real estate market, it’s the perfect time to create a relationship that will provide stability and produce innovativeprograms,” said Snodgrass.