Press Release

TNP Strategic Retail Trust Welcomes Two New Tenants at Northgate Plaza in Tucson, Arizona

TNP Strategic Retail Trust, Inc. (the 'Company'), a publicly registered non-traded REIT that invests in grocery and drug-store anchored, multitenant necessity retail properties in the western United States, signed lease agreements with two prominent retailers at Northgate Plaza Shopping Center in Tucson, Arizona.

Northgate Plaza is an approximately 103,500 square foot Wal-Mart Neighborhood Market anchored center located on a major retail corridor at the northeast corner of Grant Road and Alvernon Way in Tucson. These two new leases increase the occupancy from 79 percent to 93 percent.

Twice As Nice, an established multi-unit retail outlet specializing in buying, selling and trading clothing, accessories, jewelry, furniture and baby equipment, signed a 10-year lease for 9,000 square feet. Pet Club, one of the nation's fastest growing suppliers of pet products, signed a 7-year lease for 5,500 square feet. Pet Club and Twice As Nice will be joining a roster of marquee tenants at Northgate, including Wal-Mart Neighborhood Market, Dollar Tree, Rent-A-Center®, BURGER KING®, SUBWAY® and RadioShack®. The broker representing TNP Strategic Retail Trust in both transactions was Debbie Heslop at Volk Company.

'It's been less than 45 days since TNP Strategic Retail Trust acquired this asset so we are especially pleased by Debbie's efforts and the excellent leasing velocity at Northgate which has exceeded our lease-up projections. We anticipate Pet Club and Twice As Nice will materially increase foot traffic at an already vibrant retail center and add to the overall retail synergies at Northgate Plaza,' said Steve Winger, Thompson National Properties' SVP and National Leasing Director.

About TNP Strategic Retail Trust, Inc.

TNP Strategic Retail Trust, Inc. is a publicly registered non-traded REIT that invests in grocery and drug-store anchored, multitenant necessity retail properties, located primarily in the Western United States, and real estate related assets, including investment in or origination of mortgage, mezzanine, bridge and other loans related to commercial real estate. As of August 16, 2010, TNP Strategic Retail Trust has issued 1,860,084 shares of common stock. Its Board of Directors has approved a 7 percent annual dividend, to be paid monthly starting in July 2010. For more information regarding TNP Strategic Retail Trust, please visit www.tnpsrt.com.

About Thompson National Properties, LLC

Thompson National Properties, LLC ('TNP') is an international real estate advisory company, specializing in the management and creation of real estate investment funds. TNP uses a variety of investment structures to fit the needs of its investors, which are designed specifically for both institutional and high net worth individual investors alike. Thompson National Properties is also a leader in both property and asset management and receivership services, a key element in any successful commercial real estate investment in today's lender driven marketplace.

Headquartered in Irvine, California, Thompson National Properties was founded in April 2008 and has seven regional offices. As of August 20, 2010, Thompson National Properties manages a portfolio of 130 commercial properties, in 30 states, totaling more than 18.1 million square feet, on behalf of over 4,000 investor/owners with an overall purchase value of $2.3 billion dollars. Recently TNP expanded its operations to the Middle East to provide valuation and advisory services on over 2.3 million square feet of real estate in Saudi Arabia. For more information regarding Thompson National Properties, please visit www.tnpre.com.

Forward-looking statements

This press release contains forward-looking statements within the meaning of federal securities laws and regulations. These forward-looking statements are identified by their use of terms and phrases such as 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'intend,' 'may,' 'plan,' 'predict,' 'project,' 'should,' 'will' and other similar terms and phrases, including references to assumptions and forecasts of future results. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. These risks include, but are not limited to: volatility in the debt or equity markets affecting the Company's ability to acquire or sell real estate assets; national and local economic and business conditions; the Company's ability to maintain sufficient liquidity and access capital markets; the performance of real estate assets after they are acquired; and other risks and uncertainties associated with our business described in the Company's filings with the Securities and Exchange Commission. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that the expectations will be attained or that any deviation will not be material. The Company undertakes no obligation to update any forward-looking statement contained herein to conform the statement to actual results or changes in the Company's expectations. This release should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's most recent reports on Form 10-K, as amended, and Form 10-Q. Copies of these reports are available on our website and at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities.