Orange County Supervisor Todd Spitzer was named to the board of directors of Strategic Realty Trust Inc., a San Mateo-based retail investment company, as part of a settlement between the company’s current board and a shareholder group that included its former manager, Costa Mesa-based Thompson National Properties.
The settlement ended a monthslong proxy contest involving Strategic Realty, a nontraded real estate investment trust that has raised more than $108 million from investors since it launched in 2008.
The company owns nearly 2 million square feet of properties, primarily grocery-anchored shopping centers.
The REIT, previously known as TNP Strategic Retail Trust Inc., was based in Orange County until last year, when San Mateo-based investor and property manager Glenborough LLC took control of it.
–Mark Mueller
