TripleNet’s (Triplenet Provider Profile on 1031reviews.com) a bit of the bellweather for the industry, given its early leadership and acquisition/ merger with Grubb and Ellis.  It’s always good to see them go through an SEC investigation with no enforcement, but again reinforces the need to make sure you do your homework.

In related news, we’re 1/2 to building out review functionality on www.1031reviews.com so hopefully we can start capturing some investor to investor feedback shortly.

SEC Closes its Investigation of Triple Net Properties, LLC with a Recommendation of no Enforcement Action
PR Newswire
June 02, 2008: 08:34 AM EST

SANTA ANA, Calif., June 2 /PRNewswire-FirstCall/ — Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, announced today that the staff of the Securities and Exchange Commission has informed counsel for the Company that the SEC is closing the previously disclosed investigation referred to as "in the matter of Triple Net Properties, LLC" without any enforcement action against Triple Net Properties, LLC or NNN Capital Corp. Triple Net Properties, LLC and NNN Capital Corp. became subsidiaries of Grubb & Ellis Company as part of the merger with NNN Realty Advisors.

"the Company cooperated fully with the SEC staff throughout the investigation, and we couldn?t be more pleased with the successful outcome," said Scott D. Peters, Chief Executive Officer of Grubb & Ellis Company.

TripleNet Survives SEC Investigation