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Thompson National Properties' Lyle Lansdell

'Our mantra is that you have to chase employment.'

By Sule Aygoren Carranza | Updated on February 23, 2009

Expanding its reach into the investment arena, Thompson National Properties LLC has created a multifamily division and has tapped Lyle Lansdell to lead the group as president. The 30-year multifamily industry veteran brings with him an accomplished career; he previously served as chief financial officer for Grubb & Ellis Residential Management, where he started the company’s multifamily management operations. Lansdell was also founder and president of LTL Investments and CFO of SARES-REGIS Group.

The assets acquired by the division will be managed by a joint venture of TNP and Morgan Management LLC. Morgan will oversee the properties in the East and those south of Austin, while TNP will handle the communities in the West and the Northern part pf the country.

Charged with sourcing investment opportunities and overseeing the management of those assets, Lansdell is already working several deals. He expects the Irvine, CA-based firm–established by W. Tony Thompson, who previously founded net-lease firms Triple Net Properties LLC and NNN Realty Advisors Inc.–to close on its first apartment acquisitions very soon. The executive recently shared his thoughts with GlobeSt.com about the new division, its strategy and the market in general.

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