SAN MATEO, CA-As part of a settlement, Orange County Supervisor Todd Spitzer has been named to the board of directors of Strategic Realty Trust Inc., a San Mateo-based retail investment company.
The measure was part of a settlement between Strategic's current board and a shareholder group that included its former manager, Costa Mesa-based Thompson National Properties.
According to a report in the Orange County Business Journal, The settlement ends a months-long 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.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
