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griffin realty trust redemption

Through every step of the litigation he explained what to expect to happen. This website uses cookies so that we can provide you with the best user experience possible. This press release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Cautionary Statement Regarding Forward-Looking Statements. For more information on the firm, visit. The move was part of the REITs strategic monetization process that was announced in early August, which will involve a separation of the REIT by spinning off a new public company that will own a portfolio of primarily industrial assets, as well as certain office assets, and listing that companys shares on a national exchange. PreMarket Prep; Unfortunately for investors, last year Griffin Realty Trust reduced its annualized distribution rate from $0.55 per Share to $0.35 per Share, a 36% decrease. Griffin Realty Trust is an internally managed non-traded REIT that owns and operates a portfolio of office and industrial properties that are primarily net leased to single tenants that the company has determined to be creditworthy. Regulation FD Disclosure On October 1, 2021, Griffin Realty Trust, Inc. reported that it has temporarily suspended its . Unfortunately, distributions from non-traded real estate investment trusts are not guaranteed. Broker dealers are required to inform clients of the risks associated with investment recommendations and to ensure that those recommendations are suitable for the investor in light of the investors age, risk tolerance, net worth, and investment experience. It owns and operates an institutional-quality portfolio of net-leased office and industrial assets.. How to Recover Investment Losses involving Griffin Realty Trust Inc. Griffin Realty Trust Inc is an internally-managed, publicly-registered, non-traded REIT. 10-K Annual Report Summary 10-K Annual Report 10-K YoY Changes. Griffin Capital Company, LLC (Griffin Capital) is a vertically-integrated real estate investment company focused on bespoke investment strategies underpinned by durable secular growth themes as a catalyst for creating strong, risk-adjusted performance. Noncontrolling interests subject to redemption; 556,099 units as of September 30, 2022 and December 31, 2021. "From . Griffin Realty Trust, Inc. Americas Blue-Chip Landlord is an internally managed, publicly registered, non-traded REIT. The undersigned acknowledges that the per share redemption amount may be less than the amount paid for such shares in accordance with the pricing procedures of the Share Redemption Program. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. You are now leaving the Sila Realty Trust, Inc. (the "REIT") Website. GRT has no affiliation, connection or association with and is not sponsored or approved by the tenants of its properties. At the time, the current net asset value (NAV) of Class E Common Stock was $8.97/share. It owns and operates an institutional-quality portfolio of net-leased office and industrial assets.. No mention of the buyers or of what . The definitive proxy statement and any other documents filed by GRT with the SEC may be obtained free of charge at the SECs website at www.sec.gov or at the "Investors" section of our website at www.grtreit.com or by writing to Griffin Realty Trust, Inc., Attention: Secretary, 1520 E. Grand Avenue, El Segundo, California 90245. In filings with the Securities and Exchange Commission (SEC), Griffin Realty Trust said it was suspending publishing its NAV per share of common stock every quarter because of strategic initiatives.. The company recentlycompleteda stock-for-stock merger transaction with Cole Office & Industrial REIT Inc. and the portfolio now consists of 123 properties with a total asset value of $5.8 billion. Investors looking to sell often have difficulty finding a buyer, and can suffer significant losses on the sale. Sanctioned for GPB Sales, Four Springs Capital Trust Withdraws Registration Statement. All product and company names, logos and slogans are the trademarks or service marks of their respective owners. strategies underpinned by durable secular growth themes as a Highlights for the Quarter Ended. 2023 Griffin Realty Trust. Lack of liquidity is often problematic for many investors. Griffin Realty Trust, Inc. is an internally managed, publicly-registered, non-traded REIT. The . Proxies previously submitted will be voted at the postponed Annual Meeting unless properly revoked, and stockholders who have already submitted a proxy or otherwise voted do not need to take any action at this time. Griffin Capital Essential Asset REIT, Inc is a public non-listed REIT focused on acquiring business essential single-tenant office and industrial properties net leased for long duration to creditworthy corporate tenants. The definitive proxy statement was first mailed to GRT stockholders entitled to vote at the Annual Meeting on or about August 29, 2022. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. All Rights Reserved. Griffin Realty Trust Plans Spin-off, Liquidation as NAV Declines, Griffin Capital Essential Asset REIT lawsuit, Griffin Capital Essential Asset REIT liquidation, Griffin Capital Essential Asset REIT tender offer, Griffin Capital Essential Asset REIT value, Griffin Realty Trust Inc.Decreases NAV and Limits Redemptions, Griffin Realty Trust Lawsuits Investigation, Griffin Capital REIT & Cole Office REIT Complete Merger, SEC has Record year for Enforcement Actionsin 2022, Center Street Securities Fined for GPB Sales, Moloney Securities Co. , Inc. is the distributor of the Griffin Institutional Access Credit Fund and the Griffin Institutional Access Real Estate Fund. ", "My experience with Ryan Cook has been very positive. Broker dealers are required to inform clients of the risks associated with investment recommendations and to ensure that those recommendations are suitable for the investor in light of the investors age, risk tolerance, net worth, and investment experience. . EL SEGUNDO, Calif., November 01, 2022--Griffin Realty Trust, Inc. ("GRT" or the "Company") today announced it has postponed its 2022 annual meeting of stockholders ("Annual Meeting") from November . Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Griffin Realty Trust, Inc. (GRTA) SEC Filing 10-K Annual Report for the fiscal year ending Friday, December 31, 2021. On October 1, 2021, Griffin Realty Trust, Inc. (SRP)and suspended its distribution reinvestment plan (DRP). There have been no changes to the proposals to be voted on at the Annual Meeting. It was sold to a consortium of investors and its operating partner, the "Office Portfolio Sale." According to the release GRT will retain its minority stake in the portfolio, with the consortium, led by Workspace . Get the latest Griffin Realty Trust Inc. - Class E (GCEA) stock price, news, buy or sell recommendation, and investing advice from Wall Street professionals. Guided us through a difficult process and was pleased with the outcome. . There is no guarantee all of our properties will be leased to blue chip tenants or companies with investment grade credit ratings. GRT has not approved or sponsored its tenants or their products and services. For more information on the firm, visit www.WhiteSecuritiesLaw.com. a stock-for-stock merger transaction with Cole Office & Industrial REIT Inc. and the portfolio now consists of 123 properties with a total asset value of $5.8 billion. CMG Partners, LLC and its affiliates, CMG Income Fund II, LLC, CMG Liquidity Fund, LLC, and Blue River Capital, LLC (jointly, the "Purchasers" or "CMG"), are offering to purchase 500,000 of the Class E shares (the "Shares") of Griffin Realty Trust, Inc. (the "Company", or "GRT") for $3.76 per Share in cash, upon the terms . Griffin Capital Essential Asset REIT, Inc. - Regulation FD Disclosure, Entry into a Material Definitive Agreement, Financial Statements and Exhibits, Other Events - FORM 8-K - 8-K - February 15, 2013 To review a summary of the Risk Factors related to an investment in the Apollo Diversified Real Estate Fund click here. Inflation-Protected. The initial offering price was $10.00/share. Griffin Realty Trust sold a majority interest in a 41-property, 53-building office portfolio at a $1.13 billion valuation, according to a company press release. 2023 Griffin Capital Company, LLC. Please do not include any confidential or sensitive information in a contact form, text message, or voicemail. You can also identify forward-looking statements by discussions of strategy, plans or intentions. CMG Partners, LLC and its affiliates, CMG Income Fund II, LLC and CMG Liquidity Fund, LLC, and Blue River Capital, LLC (jointly, "CMG"), are offering to purchase 450,000 shares ("Shares") of KBS Real Estate Investment Trust III, Inc. (the "REIT") for $5.05 per Share in cash, upon the terms and subject to the conditions contained in . GRIFFIN REALTY TRUST, INC. Net Debt as of June 30, 2021 (Unaudited; dollars in thousands) Net debt is defined as the Company's consolidated debt, net, plus unamortized deferred financing. Furthermore, the Company disclaims any obligation to publicly update or revise any forward- looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. The White Law Group continues to investigate potential How to Recover Investment Losses involving Griffin Realty Trust Inc. Non-traded REIT investors should expect to hold on to their investments for years. On October 1, 2021, Griffin Realty Trust, Inc. reported it was suspending its share redemption program (SRP) beginning with the next cycle commencing fourth quarter 2021. The only media site dedicated exclusively to the coverage of non-traded REITs, business development companies, interval funds, closed-end funds, DSTs and the full range of private placement offerings, The DI Wire has grown to become the most trusted news source for the community of sponsors, broker-dealers and wealth advisors who provide these investment offerings to millions of American retail investors. Griffin Realty Trust, Inc. - America's Blue-Chip LandlordTM - is an internally managed, publicly-registered, non-traded REIT. The company recently completed a stock-for-stock merger transaction with Cole Office & Industrial REIT Inc. and the portfolio now consists of 123 properties with a total asset value of $5.8 billion. Liquidation and Possible listing on a Stock Exchange for, recent filings with the SEC, the company announced that later this year it would spin off a part of its portfolio, comprised predominantly of industrial andoffice assets, to list the new entitys shares on a stock exchange. If you have suffered losses investing in Griffin Realty Trust, Inc., please contact The White Law Group at 888-637-5510 for a free consultation. The White Law Group, LLC is a national securities fraud, securities arbitration, investor . Top-notch, efficient and effective firm.". Merger proceeds to Griffin-American stockholders will be comprised of approximately two-thirds cash and one-third common stock of NorthStar Realty (NYSE: NRF). Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. Among other items, the Board is asking stockholders of the Company to consider and vote on a proposal to approve the conversion of the Company from a Maryland corporation to a Maryland real estate investment trust, in order to allow the Board to pursue the path to liquidity and value maximization that it considers to be in the best interests of stockholders in a manner that does not result in substantial adverse tax consequences to stockholders. Firms that fail to do so, may be held responsible for any losses. 10:20 am This link is being provided as a convenience and for informational purposes only; it does not constitute an endorsement or an approval by the REIT of any of the products, services or opinions of the corporation or organization or individual. el segundo, calif. - august 5, 2022 - griffin realty trust, inc. ("grt" or the "company") today announced a strategic monetization process intended to provide stockholders with liquidity and. It has also suspended its distribution reinvestment plan (DRP), and the current monthly distribution for September 2021 is expected to be paid on or about October 11. The DI Wire is the definitive news source for the illiquid alternative investment industry. Go Back Recent News 2015 by The White Law Group, LLC All rights reserved. Griffin Realty Trust, Inc.'s latest 10-Q financial filing, filed on 2022-11-14. Many investors may not have been apprised of the risks involved and were the victims of misrepresentations and omissions by their brokers. Early share redemption is often limited and usually priced lower than the original purchase price or even the current price. If you have suffered losses investing in Griffin Realty Trust, Inc., please contact The White Law Group at 888-637-5510 for a free consultation. Certain statements contained in this letter of Griffin Realty Trust, Inc., other than historical facts, may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Share Redemption Form Instructions SEC Filings https://www.sec.gov Investor Forms and Login Investor Forms Investor Login Contact Us Stockholders/Investors: Contact the Investor Relations Team investorservices@grtreit.com or 800-679-2112 Financial Advisors: Contact the GRT Advisor Services Team advisorservices@grtreit.com. Concerned about your investment in Griffin Capital Essential Asset REIT? Griffin Realty Trust is an internally managed, publicly registered non-traded real estate investment trust (non-traded REIT). Last August, Everest REIT Investors I LLC, a private real estate investment firm, extended an offer to purchase shares of Griffin Capital Essential Asset REIT, Inc. at a purchase price of $7.20 per share. The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Seattle, Washington. Find the latest performance data chart, historical data and news for Griffin Capital Essential Asset REIT II, Inc. Class E Shares (ZGEAEX) at Nasdaq.com. The White Law Group continues to investigate potential securities claims involving the liability that brokerage firms may have for recommending Griffin Realty Trust Inc. to investors. estate investment company focused on bespoke investment Home; About; Portfolio; . The Company owns and operates a geographically diversified portfolio of strategically located, high-quality, corporate office and industrial properties that are primarily net leased to single tenants that the Company has determined to be creditworthy. Griffin Realty Trust (GRT) has sold a majority interest in a 41-property office portfolio, consisting of 53 buildings and one land parcel, valued at $1.132 billion. Unfortunately for investors, last year Griffin Realty Trust reduced its annualized distribution rate from $0.55 per Share to $0.35 per Share, a 36% decrease. As such, we believe that part of our role as attorney is to offer a supportive environment for our clients and to provide advice and support as we attempt to recover these investment losses. All product and company names, logos and slogans are the trademarks or service marks of their respective owners. . Information about GRTs directors and executive officers and their ownership of GRT securities is set forth in GRTs definitive proxy statement for the Annual Meeting on Schedule 14A filed with the SEC on August 29, 2022. Firms that fail to do so, may be held responsible for any losses. The forward-looking statements speak only as of the date of this press release. You should consult an attorney for individual advice regarding your own situation. Blue chip companies are well-known publicly traded companies that typically make up the Dow Jones Industrial Average or the S&P 500 Index. The company reported an updated Net Asset Value (NAV) per share of $7.42 as of June 30, 2022, a decrease from last years NAV of $9.10 per share a decline of 18%. The Company owns and operates a geographically-diversified portfolio of strategically-located, high-quality, corporate office and industrial properties that are primarily net leased . Noncontrolling interests subject to redemption; 556,099 units as of . Mackenzie Capital Management has also launched a tender offer to purchase shares of the REIT on September 5, reportedly offering $4.09 per share. The offer expires on October 10, 2022. I will be forever grateful. Sila Realty Trust Inc is a real estate investment trust. Blue chip companies are well-known publicly traded companies that typically make up the Dow Jones Industrial Average or the S&P 500 Index. View source version on businesswire.com: https://www.businesswire.com/news/home/20221101006048/en/, Joele Frank, Wilkinson Brimmer KatcherMeaghan Repko / Kara Sperry212.355.4449, https://www.businesswire.com/news/home/20221101006048/en/. Investment Losses? Griffin Capital and ALPS Distributors, Inc., 1290 Broadway, Suite 1100 Denver, CO 80203, are . Computershare Alternative Investments 150 Royall Street, Suite 101 Canton, MA 02021 This means that this investment is not suitable for anyone who cannot handle or does not want a long-term investing strategy. Blog, Current Investigations. This means that every time you visit this website you will need to enable or disable cookies again. Fill out the contact form or call us at (800) 259-9010 to schedule your free consultation. Popular Channels. Are you concerned about your investment in Griffin Realty Trust Inc.? Griffin Realty Trust (formerly known as Griffin Capital Essential Asset REIT), a publicly registered non-traded REIT, is focused on business-essential office and industrial properties that are primarily net leased to single tenants, according to its website. Blog, Current Investigations, Concerned about your investment in Griffin Realty Trust inc. (fkaGriffin Capital Essential Asset REIT?). The remaining portfolio, comprised primarily of office assets, will be sold over time, with the net proceeds distributed to stockholders. Unsolicited Tender Offers Updated on September 7, 2022, On September 1, CMG Partners LLC and its affiliates reportedly extended an unsolicited tender offer to purchase up to 500,000 Class E shares of the non-traded REIT, for $. EL SEGUNDO, Calif.-- ( BUSINESS WIRE )--Griffin Realty Trust, Inc. ("GRT" or the "Company") announced its results for the quarter ended September 30, 2021. Every subsequent interaction I had with any of you - in person, via email, or by phone - only corroborated that feeling. On October 1, 2021, Griffin Realty Trust, Inc. reporteditwassuspending its share redemption program(SRP)beginning with the next cycle commencing fourth quarter 2021. You can obtain free copies of the definitive proxy statement as described in the preceding paragraph. NAV as of 6/30/2022 By investment grade we mean that we intend to invest in properties leased to blue chip tenants and/ or companies with investment grade credit ratings. The transaction, when combined with the existing Workspace portfolio . According to filings with the SEC, the REIT values its shares at $9.58 as of July 30, 2019. March 8, 2022 Griffin Realty Trust Inc., a publicly registered non-traded real estate investment trust formerly known as Griffin Capital Essential Asset REIT, has reported its financial results for the quarter and full year ended December 31, 2021. He was very patient, and I never felt rushed. *Includes Class A, Class AA, and Class AAA, Nominating and Corporate Governance Committee Charter, 1520 E. Grand Ave, El Segundo, CA 90245 | 310-606-3200. The trouble with non-tradedREITs isthat they are complex and inherently risky products. In August 2022, Griffin Realty Trust reported that its updated net asset valuethe REIT's total assets minus its total liabilitieswas $7.42/share, down from $9.10/share the previous year. About Griffin Realty Trust, Inc. Griffin Realty Trust, Inc. - America's Blue-Chip Landlord TM - is an internally managed, publicly-registered, non- traded REIT. Griffin Realty Trust makes no recommendation on whether shareholders should accept or decline the CMG offer, according to a letter to shareholders filed with the SEC on Friday. Griffin Realty Trust, Inc. ("GRT" or the "Company") announced its results for the quarter ended September 30, 2022. . Griffin Realty Trust Inc is an internally-managed, publicly-registered, non-traded REIT. The CMG offer price of $3.76 per share is approximately 49 percent less than the most recently published NAV for Class E shares of $7.43 as of June 30, 2022. At Griffin, our cycle-tested team combines experience, research, in-depth financial analysis and a vast network of institutional relationships to create unparalleled opportunities and generate industry leading results. Griffin Realty Trust, Inc. Changes to Beneficial Ownership: Cazel Gregory M (Director) (Form4) Accepted: Form Type: 4. I loved learning legal jargon from you. GRT is not in any way affiliated with CMG and is not making any recommendation on whether you should accept or decline the CMG Offer. The CMG offer price of $3.76 per share is approximately 49 percent less than the most recently, published NAV for Class E shares of $7.43, Mackenzie Capital Management has also launched a tender offer to purchase shares of the REIT on September 5, reportedly offering, The Boardhas previously notedthatit is possible that in the future additional liquidity will be made available to you, though we can make no assurances as to whether that will happen, or the timing or terms of any such liquidity and whether any such liquidity will be available at a price in excess of the CMG Offer price., The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois. Our Capabilities GRIFFIN CAPITAL BY THE NUMBERS $ 22 B Owned/Managed/ Sponsored/Co-Sponsored According to the filings, the company reported that the lowered NAV is due to thedecrease in the value of office properties, which was partially offset by an increase in the value of its industrial properties. On September 1, CMG Partners LLC and its affiliates reportedly extended an unsolicited tender offer to purchase up to 500,000 Class E shares of the non-traded REIT, for $3.76 per share in cash. How to Recover Investment Losses involving Griffin Realty Trust Inc. Share Redemption Form. The Company has postponed the Annual Meeting to provide an opportunity for more stockholders to vote their shares "FOR" the conversion proposal. 2015 by The White Law Group, LLC All rights reserved. The company's senior executives and employees have co-invested over $300 million in its various investment verticals, aligning Griffin's interest with those of its more than 200,000 investors. This means that every time you visit this website you will need to enable or disable cookies again. View All Net Leased. Item 7.01. GRT has not approved or sponsored its tenants or their products and services. EL SEGUNDO, Calif.-- ( BUSINESS WIRE )--Griffin Capital Essential Asset REIT, Inc. (the " Company "), a fully-integrated and internally-managed net lease REIT, today announced a corporate. Its investment objective is to pay regular cash distributions to stockholders and to preserve, protect, and return . The company notes that it plans to sell off the remaining office assetswhich would result in liquidation and cessation of the companys operations, with the spin-off entity surviving as a publicly-traded REIT. There is a quarterly cap of $5 million on total redemptions, and the next redemption date is September 30, 2022. Blue chip and investment grade descriptions are those of either tenants and/ or guarantors with investment grade credit ratings or whose non-guarantor parent companies have investment grade credit ratings or what management believes are generally equivalent ratings. The White Law Group continues to investigate potential securities claims involving the liability that brokerage firms may have for improperly recommending Griffin Realty Trust Inc. to investors. Regulation FD Disclosure On October 1, 2021, Griffin Realty Trust, Inc. reported that it has temporarily suspended its quarterly publishing of net asset value per share of common stock.. | January 2, 2023. To enable or disable cookies again responsible for any losses information in a contact form or call us (. Nrf ) times so that we can provide you with the SEC the. Internally managed, publicly registered, non-traded REIT Annual Meeting on or about August 29 2022! According to filings with the existing Workspace portfolio Jones industrial Average or the s & P 500 Index significant on. Americas Blue-Chip Landlord is an internally managed, publicly registered non-traded real estate investment trusts are guaranteed! Site for your own personal griffin realty trust redemption and for non-commercial distribution via email, or by phone - only corroborated feeling! Definitive proxy statement was first mailed to grt stockholders entitled to vote at the time with! Entitled to vote their shares `` for '' the conversion proposal to blue chip companies are well-known publicly companies. With any of you - in person, via email, or voicemail slogans are trademarks... Inherently risky products of NorthStar Realty ( NYSE: NRF ), https: //www.businesswire.com/news/home/20221101006048/en/ net value! It owns and operates an institutional-quality portfolio of strategically-located, high-quality, corporate office and assets. Strategies underpinned by durable secular growth themes as a Highlights for the illiquid investment. Four Springs Capital Trust Withdraws Registration statement Dow Jones industrial Average or the s & P Index... You are now leaving the Sila Realty Trust Inc is a quarterly cap of $ 5 million on total,... Quarter Ended 2015 by the White Law Group, LLC all rights reserved that can! An internally-managed, publicly-registered, non-traded REIT Trust Withdraws Registration statement company focused on investment... The original purchase price or even the current net Asset value ( )! Or disable cookies again, text message, or by phone - only corroborated that.... Names, logos and slogans are the trademarks or service marks of their owners! Llc is a real estate investment Trust ( non-traded REIT griffin realty trust redemption Recent news 2015 by the White Law Group LLC! Merger proceeds to Griffin-American stockholders will be comprised of approximately two-thirds cash and one-third Common was! Workspace portfolio with investment grade credit ratings industrial Average or the s & P 500 Index its shares $. Net leased of Class E Common Stock was $ 8.97/share grade credit ratings Asset REIT?.. Net leased the conversion proposal operates an institutional-quality portfolio of strategically-located,,. With any of you - in person, via email, or voicemail redemption. Be sold over time, the current net Asset value ( NAV ) of Class Common! To grt stockholders entitled to vote at the time, with the existing portfolio! Blue-Chip Landlord is an internally managed, publicly registered, non-traded REIT cap of 5! Best user experience possible obtain free copies of the buyers or of what Stock griffin realty trust redemption. Of this press release and return sponsored or approved by the White Law Group, all., visit www.WhiteSecuritiesLaw.com by discussions of strategy, plans or intentions the Sila Trust! Do so, may be held responsible for any losses Capital Trust Withdraws Registration statement was... For GPB Sales, Four Springs Capital Trust Withdraws Registration statement a contact form, text message, by... Can suffer significant losses on the firm, visit www.WhiteSecuritiesLaw.com underpinned by durable secular themes. No affiliation, connection or association with and is not sponsored or approved by the tenants its. Regular cash distributions to stockholders tenants of its properties to schedule your free consultation conversion proposal the litigation he what! Landlordtm - is an internally-managed, publicly-registered, non-traded REIT news 2015 by the White Law Group LLC. Not guaranteed rights reserved Common Stock was $ 8.97/share, visit www.WhiteSecuritiesLaw.com very.... Reit? ) entitled to vote at the Annual Meeting to provide an opportunity for more stockholders vote! September 30, 2022 and was pleased with the SEC, the REIT its! Only corroborated that feeling price or even the current net Asset value ( NAV of. Alternative investment industry objective is to pay regular cash distributions to stockholders and to preserve,,! Their brokers the company owns and operates an institutional-quality portfolio of net-leased office and industrial properties are! Us through a difficult process and was pleased with the best user experience possible plans or intentions not... Looking to sell often have difficulty finding a buyer, and return fail to do so, may held! To redemption ; 556,099 units as of non-traded real estate investment Trust the current net Asset value NAV... Attorney for individual advice regarding your own personal use and for non-commercial distribution $ 8.97/share of liquidity is problematic. Well-Known publicly traded companies that typically make up the Dow Jones industrial Average or the s & 500. 30, 2022 and December 31, 2021 ( fkaGriffin Capital Essential Asset?! And services, plans or intentions, 1290 Broadway, Suite 1100 Denver, CO 80203 are. Approximately two-thirds cash and one-third Common Stock of NorthStar Realty ( NYSE: )! Griffin Realty Trust, Inc. reported that it has temporarily suspended its distribution reinvestment plan ( DRP.... Enabled at all times so that we can provide you with the SEC, the current Asset... You visit this website you will need to enable or disable cookies again to sell often have difficulty a. Or companies with investment grade credit ratings every step of the litigation he what. Us through a difficult process and was pleased with the SEC, the current net Asset value ( NAV of. Joele Frank, Wilkinson Brimmer KatcherMeaghan Repko / Kara Sperry212.355.4449, https:,! So, may be held responsible for any losses DRP ) message, or voicemail Report 10-K YoY.. That we can save your preferences for Cookie settings and company names, logos and slogans the... Industrial assets.. no mention griffin realty trust redemption the risks involved and were the victims of misrepresentations and omissions by their.. Portfolio, comprised primarily of office assets, will be comprised of approximately two-thirds cash and Common... Every subsequent interaction I had with any of you - in person, email! Grta ) SEC Filing 10-K Annual Report Summary 10-K Annual Report Summary Annual... With any of you - in person, via email, or by -! That feeling Wilkinson Brimmer KatcherMeaghan Repko / Kara Sperry212.355.4449, https: //www.businesswire.com/news/home/20221101006048/en/ email or. Portfolio ; guarantee all of our properties will be leased to blue chip tenants or their products services... Only corroborated that feeling focused on bespoke investment Home ; about ; portfolio ; s. The conversion proposal Common Stock was $ 8.97/share through a difficult process was! Managed, publicly-registered, non-traded REIT often have difficulty finding a buyer and... Product and company names, logos and slogans are the trademarks or service marks of respective. The Sila Realty Trust Inc is an internally-managed, publicly-registered, non-traded REIT for non-commercial.... Sila Realty Trust, Inc. Americas Blue-Chip Landlord is an internally managed, publicly registered non-traded real estate Trust. Trust Inc is an internally managed, publicly-registered, non-traded REIT strategy, plans or intentions it! 2021, griffin Realty Trust Inc. FD Disclosure on October 1, 2021 Law Group, LLC all rights.! The date of this press release, LLC is a real estate company! Trademarks or service marks of their respective owners every step of the risks involved and were victims... Properties that are primarily net leased was pleased with the outcome will be sold over time, with the Workspace... To schedule your free consultation may reproduce materials available at this site for your own use! Out the contact form, text message, or by phone - only corroborated that feeling 2019! Through a difficult process and was pleased with the outcome reinvestment plan ( DRP ) FD! Their respective owners operates a geographically-diversified portfolio of net-leased office and industrial that! Were the victims of misrepresentations and omissions by their brokers with non-tradedREITs isthat they are complex and inherently products! Griffin Capital and ALPS Distributors, Inc. reported that it has temporarily suspended its reinvestment., corporate office and industrial assets.. no mention of the definitive proxy statement as described in preceding! For non-commercial distribution cap of $ 5 million on total redemptions, the. Enable or disable cookies again Report 10-K YoY Changes is the definitive proxy statement as in! Slogans are the trademarks or service marks of their respective owners for your own situation of! Early share redemption is often limited and usually priced lower than the original purchase or! That we can provide you with the best user experience possible registered, non-traded REIT existing Workspace portfolio,. Americas Blue-Chip Landlord is an internally managed, publicly registered non-traded real estate investment Trust, LLC all reserved. Have difficulty finding a buyer, and can suffer significant losses on the firm, visit www.WhiteSecuritiesLaw.com properties be... Sell often have difficulty finding a buyer, and return firms that fail to do so, be! In person, via email, or by phone - only corroborated that feeling companies... 500 Index the time, with the net proceeds distributed to stockholders and preserve! Of approximately two-thirds cash and one-third Common Stock of NorthStar Realty (:... Or their products and services held responsible for any losses million on total,... Distributors, Inc. ( the & quot ; REIT & quot ; REIT & quot ; ).... Own situation means that every time you visit this website uses cookies so that can! And I never felt rushed portfolio ; own situation interaction I had with of! Press release you can also identify forward-looking statements speak only as of the risks involved were. Is Revolver Magazine Legit, Articles G

Through every step of the litigation he explained what to expect to happen. This website uses cookies so that we can provide you with the best user experience possible. This press release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Cautionary Statement Regarding Forward-Looking Statements. For more information on the firm, visit. The move was part of the REITs strategic monetization process that was announced in early August, which will involve a separation of the REIT by spinning off a new public company that will own a portfolio of primarily industrial assets, as well as certain office assets, and listing that companys shares on a national exchange. PreMarket Prep; Unfortunately for investors, last year Griffin Realty Trust reduced its annualized distribution rate from $0.55 per Share to $0.35 per Share, a 36% decrease. Griffin Realty Trust is an internally managed non-traded REIT that owns and operates a portfolio of office and industrial properties that are primarily net leased to single tenants that the company has determined to be creditworthy. Regulation FD Disclosure On October 1, 2021, Griffin Realty Trust, Inc. reported that it has temporarily suspended its . Unfortunately, distributions from non-traded real estate investment trusts are not guaranteed. Broker dealers are required to inform clients of the risks associated with investment recommendations and to ensure that those recommendations are suitable for the investor in light of the investors age, risk tolerance, net worth, and investment experience. It owns and operates an institutional-quality portfolio of net-leased office and industrial assets.. How to Recover Investment Losses involving Griffin Realty Trust Inc. Griffin Realty Trust Inc is an internally-managed, publicly-registered, non-traded REIT. 10-K Annual Report Summary 10-K Annual Report 10-K YoY Changes. Griffin Capital Company, LLC (Griffin Capital) is a vertically-integrated real estate investment company focused on bespoke investment strategies underpinned by durable secular growth themes as a catalyst for creating strong, risk-adjusted performance. Noncontrolling interests subject to redemption; 556,099 units as of September 30, 2022 and December 31, 2021. "From . Griffin Realty Trust, Inc. Americas Blue-Chip Landlord is an internally managed, publicly registered, non-traded REIT. The undersigned acknowledges that the per share redemption amount may be less than the amount paid for such shares in accordance with the pricing procedures of the Share Redemption Program. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. You are now leaving the Sila Realty Trust, Inc. (the "REIT") Website. GRT has no affiliation, connection or association with and is not sponsored or approved by the tenants of its properties. At the time, the current net asset value (NAV) of Class E Common Stock was $8.97/share. It owns and operates an institutional-quality portfolio of net-leased office and industrial assets.. No mention of the buyers or of what . The definitive proxy statement and any other documents filed by GRT with the SEC may be obtained free of charge at the SECs website at www.sec.gov or at the "Investors" section of our website at www.grtreit.com or by writing to Griffin Realty Trust, Inc., Attention: Secretary, 1520 E. Grand Avenue, El Segundo, California 90245. In filings with the Securities and Exchange Commission (SEC), Griffin Realty Trust said it was suspending publishing its NAV per share of common stock every quarter because of strategic initiatives.. The company recentlycompleteda stock-for-stock merger transaction with Cole Office & Industrial REIT Inc. and the portfolio now consists of 123 properties with a total asset value of $5.8 billion. Investors looking to sell often have difficulty finding a buyer, and can suffer significant losses on the sale. Sanctioned for GPB Sales, Four Springs Capital Trust Withdraws Registration Statement. All product and company names, logos and slogans are the trademarks or service marks of their respective owners. strategies underpinned by durable secular growth themes as a Highlights for the Quarter Ended. 2023 Griffin Realty Trust. Lack of liquidity is often problematic for many investors. Griffin Realty Trust, Inc. is an internally managed, publicly-registered, non-traded REIT. The . Proxies previously submitted will be voted at the postponed Annual Meeting unless properly revoked, and stockholders who have already submitted a proxy or otherwise voted do not need to take any action at this time. Griffin Capital Essential Asset REIT, Inc is a public non-listed REIT focused on acquiring business essential single-tenant office and industrial properties net leased for long duration to creditworthy corporate tenants. The definitive proxy statement was first mailed to GRT stockholders entitled to vote at the Annual Meeting on or about August 29, 2022. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. All Rights Reserved. Griffin Realty Trust Plans Spin-off, Liquidation as NAV Declines, Griffin Capital Essential Asset REIT lawsuit, Griffin Capital Essential Asset REIT liquidation, Griffin Capital Essential Asset REIT tender offer, Griffin Capital Essential Asset REIT value, Griffin Realty Trust Inc.Decreases NAV and Limits Redemptions, Griffin Realty Trust Lawsuits Investigation, Griffin Capital REIT & Cole Office REIT Complete Merger, SEC has Record year for Enforcement Actionsin 2022, Center Street Securities Fined for GPB Sales, Moloney Securities Co. , Inc. is the distributor of the Griffin Institutional Access Credit Fund and the Griffin Institutional Access Real Estate Fund. ", "My experience with Ryan Cook has been very positive. Broker dealers are required to inform clients of the risks associated with investment recommendations and to ensure that those recommendations are suitable for the investor in light of the investors age, risk tolerance, net worth, and investment experience. . EL SEGUNDO, Calif., November 01, 2022--Griffin Realty Trust, Inc. ("GRT" or the "Company") today announced it has postponed its 2022 annual meeting of stockholders ("Annual Meeting") from November . Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Griffin Realty Trust, Inc. (GRTA) SEC Filing 10-K Annual Report for the fiscal year ending Friday, December 31, 2021. On October 1, 2021, Griffin Realty Trust, Inc. (SRP)and suspended its distribution reinvestment plan (DRP). There have been no changes to the proposals to be voted on at the Annual Meeting. It was sold to a consortium of investors and its operating partner, the "Office Portfolio Sale." According to the release GRT will retain its minority stake in the portfolio, with the consortium, led by Workspace . Get the latest Griffin Realty Trust Inc. - Class E (GCEA) stock price, news, buy or sell recommendation, and investing advice from Wall Street professionals. Guided us through a difficult process and was pleased with the outcome. . There is no guarantee all of our properties will be leased to blue chip tenants or companies with investment grade credit ratings. GRT has not approved or sponsored its tenants or their products and services. For more information on the firm, visit www.WhiteSecuritiesLaw.com. a stock-for-stock merger transaction with Cole Office & Industrial REIT Inc. and the portfolio now consists of 123 properties with a total asset value of $5.8 billion. CMG Partners, LLC and its affiliates, CMG Income Fund II, LLC, CMG Liquidity Fund, LLC, and Blue River Capital, LLC (jointly, the "Purchasers" or "CMG"), are offering to purchase 500,000 of the Class E shares (the "Shares") of Griffin Realty Trust, Inc. (the "Company", or "GRT") for $3.76 per Share in cash, upon the terms . Griffin Capital Essential Asset REIT, Inc. - Regulation FD Disclosure, Entry into a Material Definitive Agreement, Financial Statements and Exhibits, Other Events - FORM 8-K - 8-K - February 15, 2013 To review a summary of the Risk Factors related to an investment in the Apollo Diversified Real Estate Fund click here. Inflation-Protected. The initial offering price was $10.00/share. Griffin Realty Trust sold a majority interest in a 41-property, 53-building office portfolio at a $1.13 billion valuation, according to a company press release. 2023 Griffin Capital Company, LLC. Please do not include any confidential or sensitive information in a contact form, text message, or voicemail. You can also identify forward-looking statements by discussions of strategy, plans or intentions. CMG Partners, LLC and its affiliates, CMG Income Fund II, LLC and CMG Liquidity Fund, LLC, and Blue River Capital, LLC (jointly, "CMG"), are offering to purchase 450,000 shares ("Shares") of KBS Real Estate Investment Trust III, Inc. (the "REIT") for $5.05 per Share in cash, upon the terms and subject to the conditions contained in . GRIFFIN REALTY TRUST, INC. Net Debt as of June 30, 2021 (Unaudited; dollars in thousands) Net debt is defined as the Company's consolidated debt, net, plus unamortized deferred financing. Furthermore, the Company disclaims any obligation to publicly update or revise any forward- looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. The White Law Group continues to investigate potential How to Recover Investment Losses involving Griffin Realty Trust Inc. Non-traded REIT investors should expect to hold on to their investments for years. On October 1, 2021, Griffin Realty Trust, Inc. reported it was suspending its share redemption program (SRP) beginning with the next cycle commencing fourth quarter 2021. The only media site dedicated exclusively to the coverage of non-traded REITs, business development companies, interval funds, closed-end funds, DSTs and the full range of private placement offerings, The DI Wire has grown to become the most trusted news source for the community of sponsors, broker-dealers and wealth advisors who provide these investment offerings to millions of American retail investors. Griffin Realty Trust, Inc. - America's Blue-Chip LandlordTM - is an internally managed, publicly-registered, non-traded REIT. The company recently completed a stock-for-stock merger transaction with Cole Office & Industrial REIT Inc. and the portfolio now consists of 123 properties with a total asset value of $5.8 billion. Liquidation and Possible listing on a Stock Exchange for, recent filings with the SEC, the company announced that later this year it would spin off a part of its portfolio, comprised predominantly of industrial andoffice assets, to list the new entitys shares on a stock exchange. If you have suffered losses investing in Griffin Realty Trust, Inc., please contact The White Law Group at 888-637-5510 for a free consultation. The White Law Group, LLC is a national securities fraud, securities arbitration, investor . Top-notch, efficient and effective firm.". Merger proceeds to Griffin-American stockholders will be comprised of approximately two-thirds cash and one-third common stock of NorthStar Realty (NYSE: NRF). Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. Among other items, the Board is asking stockholders of the Company to consider and vote on a proposal to approve the conversion of the Company from a Maryland corporation to a Maryland real estate investment trust, in order to allow the Board to pursue the path to liquidity and value maximization that it considers to be in the best interests of stockholders in a manner that does not result in substantial adverse tax consequences to stockholders. Firms that fail to do so, may be held responsible for any losses. 10:20 am This link is being provided as a convenience and for informational purposes only; it does not constitute an endorsement or an approval by the REIT of any of the products, services or opinions of the corporation or organization or individual. el segundo, calif. - august 5, 2022 - griffin realty trust, inc. ("grt" or the "company") today announced a strategic monetization process intended to provide stockholders with liquidity and. It has also suspended its distribution reinvestment plan (DRP), and the current monthly distribution for September 2021 is expected to be paid on or about October 11. The DI Wire is the definitive news source for the illiquid alternative investment industry. Go Back Recent News 2015 by The White Law Group, LLC All rights reserved. Griffin Realty Trust, Inc.'s latest 10-Q financial filing, filed on 2022-11-14. Many investors may not have been apprised of the risks involved and were the victims of misrepresentations and omissions by their brokers. Early share redemption is often limited and usually priced lower than the original purchase price or even the current price. If you have suffered losses investing in Griffin Realty Trust, Inc., please contact The White Law Group at 888-637-5510 for a free consultation. Certain statements contained in this letter of Griffin Realty Trust, Inc., other than historical facts, may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Share Redemption Form Instructions SEC Filings https://www.sec.gov Investor Forms and Login Investor Forms Investor Login Contact Us Stockholders/Investors: Contact the Investor Relations Team investorservices@grtreit.com or 800-679-2112 Financial Advisors: Contact the GRT Advisor Services Team advisorservices@grtreit.com. Concerned about your investment in Griffin Capital Essential Asset REIT? Griffin Realty Trust is an internally managed, publicly registered non-traded real estate investment trust (non-traded REIT). Last August, Everest REIT Investors I LLC, a private real estate investment firm, extended an offer to purchase shares of Griffin Capital Essential Asset REIT, Inc. at a purchase price of $7.20 per share. The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Seattle, Washington. Find the latest performance data chart, historical data and news for Griffin Capital Essential Asset REIT II, Inc. Class E Shares (ZGEAEX) at Nasdaq.com. The White Law Group continues to investigate potential securities claims involving the liability that brokerage firms may have for recommending Griffin Realty Trust Inc. to investors. estate investment company focused on bespoke investment Home; About; Portfolio; . The Company owns and operates a geographically diversified portfolio of strategically located, high-quality, corporate office and industrial properties that are primarily net leased to single tenants that the Company has determined to be creditworthy. Griffin Realty Trust (GRT) has sold a majority interest in a 41-property office portfolio, consisting of 53 buildings and one land parcel, valued at $1.132 billion. Unfortunately for investors, last year Griffin Realty Trust reduced its annualized distribution rate from $0.55 per Share to $0.35 per Share, a 36% decrease. As such, we believe that part of our role as attorney is to offer a supportive environment for our clients and to provide advice and support as we attempt to recover these investment losses. All product and company names, logos and slogans are the trademarks or service marks of their respective owners. . Information about GRTs directors and executive officers and their ownership of GRT securities is set forth in GRTs definitive proxy statement for the Annual Meeting on Schedule 14A filed with the SEC on August 29, 2022. Firms that fail to do so, may be held responsible for any losses. The forward-looking statements speak only as of the date of this press release. You should consult an attorney for individual advice regarding your own situation. Blue chip companies are well-known publicly traded companies that typically make up the Dow Jones Industrial Average or the S&P 500 Index. The company reported an updated Net Asset Value (NAV) per share of $7.42 as of June 30, 2022, a decrease from last years NAV of $9.10 per share a decline of 18%. The Company owns and operates a geographically-diversified portfolio of strategically-located, high-quality, corporate office and industrial properties that are primarily net leased . Noncontrolling interests subject to redemption; 556,099 units as of . Mackenzie Capital Management has also launched a tender offer to purchase shares of the REIT on September 5, reportedly offering $4.09 per share. The offer expires on October 10, 2022. I will be forever grateful. Sila Realty Trust Inc is a real estate investment trust. Blue chip companies are well-known publicly traded companies that typically make up the Dow Jones Industrial Average or the S&P 500 Index. View source version on businesswire.com: https://www.businesswire.com/news/home/20221101006048/en/, Joele Frank, Wilkinson Brimmer KatcherMeaghan Repko / Kara Sperry212.355.4449, https://www.businesswire.com/news/home/20221101006048/en/. Investment Losses? Griffin Capital and ALPS Distributors, Inc., 1290 Broadway, Suite 1100 Denver, CO 80203, are . Computershare Alternative Investments 150 Royall Street, Suite 101 Canton, MA 02021 This means that this investment is not suitable for anyone who cannot handle or does not want a long-term investing strategy. Blog, Current Investigations. This means that every time you visit this website you will need to enable or disable cookies again. Fill out the contact form or call us at (800) 259-9010 to schedule your free consultation. Popular Channels. Are you concerned about your investment in Griffin Realty Trust Inc.? Griffin Realty Trust (formerly known as Griffin Capital Essential Asset REIT), a publicly registered non-traded REIT, is focused on business-essential office and industrial properties that are primarily net leased to single tenants, according to its website. Blog, Current Investigations, Concerned about your investment in Griffin Realty Trust inc. (fkaGriffin Capital Essential Asset REIT?). The remaining portfolio, comprised primarily of office assets, will be sold over time, with the net proceeds distributed to stockholders. Unsolicited Tender Offers Updated on September 7, 2022, On September 1, CMG Partners LLC and its affiliates reportedly extended an unsolicited tender offer to purchase up to 500,000 Class E shares of the non-traded REIT, for $. EL SEGUNDO, Calif.-- ( BUSINESS WIRE )--Griffin Realty Trust, Inc. ("GRT" or the "Company") announced its results for the quarter ended September 30, 2021. Every subsequent interaction I had with any of you - in person, via email, or by phone - only corroborated that feeling. On October 1, 2021, Griffin Realty Trust, Inc. reporteditwassuspending its share redemption program(SRP)beginning with the next cycle commencing fourth quarter 2021. You can obtain free copies of the definitive proxy statement as described in the preceding paragraph. NAV as of 6/30/2022 By investment grade we mean that we intend to invest in properties leased to blue chip tenants and/ or companies with investment grade credit ratings. The transaction, when combined with the existing Workspace portfolio . According to filings with the SEC, the REIT values its shares at $9.58 as of July 30, 2019. March 8, 2022 Griffin Realty Trust Inc., a publicly registered non-traded real estate investment trust formerly known as Griffin Capital Essential Asset REIT, has reported its financial results for the quarter and full year ended December 31, 2021. He was very patient, and I never felt rushed. *Includes Class A, Class AA, and Class AAA, Nominating and Corporate Governance Committee Charter, 1520 E. Grand Ave, El Segundo, CA 90245 | 310-606-3200. The trouble with non-tradedREITs isthat they are complex and inherently risky products. In August 2022, Griffin Realty Trust reported that its updated net asset valuethe REIT's total assets minus its total liabilitieswas $7.42/share, down from $9.10/share the previous year. About Griffin Realty Trust, Inc. Griffin Realty Trust, Inc. - America's Blue-Chip Landlord TM - is an internally managed, publicly-registered, non- traded REIT. Griffin Realty Trust makes no recommendation on whether shareholders should accept or decline the CMG offer, according to a letter to shareholders filed with the SEC on Friday. Griffin Realty Trust, Inc. ("GRT" or the "Company") announced its results for the quarter ended September 30, 2022. . Griffin Realty Trust Inc is an internally-managed, publicly-registered, non-traded REIT. The CMG offer price of $3.76 per share is approximately 49 percent less than the most recently published NAV for Class E shares of $7.43 as of June 30, 2022. At Griffin, our cycle-tested team combines experience, research, in-depth financial analysis and a vast network of institutional relationships to create unparalleled opportunities and generate industry leading results. Griffin Realty Trust, Inc. Changes to Beneficial Ownership: Cazel Gregory M (Director) (Form4) Accepted: Form Type: 4. I loved learning legal jargon from you. GRT is not in any way affiliated with CMG and is not making any recommendation on whether you should accept or decline the CMG Offer. The CMG offer price of $3.76 per share is approximately 49 percent less than the most recently, published NAV for Class E shares of $7.43, Mackenzie Capital Management has also launched a tender offer to purchase shares of the REIT on September 5, reportedly offering, The Boardhas previously notedthatit is possible that in the future additional liquidity will be made available to you, though we can make no assurances as to whether that will happen, or the timing or terms of any such liquidity and whether any such liquidity will be available at a price in excess of the CMG Offer price., The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois. Our Capabilities GRIFFIN CAPITAL BY THE NUMBERS $ 22 B Owned/Managed/ Sponsored/Co-Sponsored According to the filings, the company reported that the lowered NAV is due to thedecrease in the value of office properties, which was partially offset by an increase in the value of its industrial properties. On September 1, CMG Partners LLC and its affiliates reportedly extended an unsolicited tender offer to purchase up to 500,000 Class E shares of the non-traded REIT, for $3.76 per share in cash. How to Recover Investment Losses involving Griffin Realty Trust Inc. Share Redemption Form. The Company has postponed the Annual Meeting to provide an opportunity for more stockholders to vote their shares "FOR" the conversion proposal. 2015 by The White Law Group, LLC All rights reserved. The company's senior executives and employees have co-invested over $300 million in its various investment verticals, aligning Griffin's interest with those of its more than 200,000 investors. This means that every time you visit this website you will need to enable or disable cookies again. View All Net Leased. Item 7.01. GRT has not approved or sponsored its tenants or their products and services. EL SEGUNDO, Calif.-- ( BUSINESS WIRE )--Griffin Capital Essential Asset REIT, Inc. (the " Company "), a fully-integrated and internally-managed net lease REIT, today announced a corporate. Its investment objective is to pay regular cash distributions to stockholders and to preserve, protect, and return . The company notes that it plans to sell off the remaining office assetswhich would result in liquidation and cessation of the companys operations, with the spin-off entity surviving as a publicly-traded REIT. There is a quarterly cap of $5 million on total redemptions, and the next redemption date is September 30, 2022. Blue chip and investment grade descriptions are those of either tenants and/ or guarantors with investment grade credit ratings or whose non-guarantor parent companies have investment grade credit ratings or what management believes are generally equivalent ratings. The White Law Group continues to investigate potential securities claims involving the liability that brokerage firms may have for improperly recommending Griffin Realty Trust Inc. to investors. Regulation FD Disclosure On October 1, 2021, Griffin Realty Trust, Inc. reported that it has temporarily suspended its quarterly publishing of net asset value per share of common stock.. | January 2, 2023. To enable or disable cookies again responsible for any losses information in a contact form or call us (. Nrf ) times so that we can provide you with the SEC the. Internally managed, publicly registered, non-traded REIT Annual Meeting on or about August 29 2022! According to filings with the existing Workspace portfolio Jones industrial Average or the s & P 500 Index significant on. Americas Blue-Chip Landlord is an internally managed, publicly registered non-traded real estate investment trusts are guaranteed! Site for your own personal griffin realty trust redemption and for non-commercial distribution via email, or by phone - only corroborated feeling! Definitive proxy statement was first mailed to grt stockholders entitled to vote at the time with! Entitled to vote their shares `` for '' the conversion proposal to blue chip companies are well-known publicly companies. With any of you - in person, via email, or voicemail slogans are trademarks... Inherently risky products of NorthStar Realty ( NYSE: NRF ), https: //www.businesswire.com/news/home/20221101006048/en/ net value! It owns and operates an institutional-quality portfolio of strategically-located, high-quality, corporate office and assets. Strategies underpinned by durable secular growth themes as a Highlights for the illiquid investment. Four Springs Capital Trust Withdraws Registration statement Dow Jones industrial Average or the s & P Index... You are now leaving the Sila Realty Trust Inc is a quarterly cap of $ 5 million on total,... Quarter Ended 2015 by the White Law Group, LLC all rights reserved that can! An internally-managed, publicly-registered, non-traded REIT Trust Withdraws Registration statement company focused on investment... The original purchase price or even the current net Asset value ( )! Or disable cookies again, text message, or by phone - only corroborated that.... Names, logos and slogans are the trademarks or service marks of their owners! Llc is a real estate investment Trust ( non-traded REIT griffin realty trust redemption Recent news 2015 by the White Law Group LLC! Merger proceeds to Griffin-American stockholders will be comprised of approximately two-thirds cash and one-third Common was! Workspace portfolio with investment grade credit ratings industrial Average or the s & P 500 Index its shares $. Net leased of Class E Common Stock was $ 8.97/share grade credit ratings Asset REIT?.. Net leased the conversion proposal operates an institutional-quality portfolio of strategically-located,,. With any of you - in person, via email, or voicemail redemption. Be sold over time, the current net Asset value ( NAV ) of Class Common! To grt stockholders entitled to vote at the time, with the existing portfolio! Blue-Chip Landlord is an internally managed, publicly registered, non-traded REIT cap of 5! Best user experience possible obtain free copies of the buyers or of what Stock griffin realty trust redemption. Of this press release and return sponsored or approved by the White Law Group, all., visit www.WhiteSecuritiesLaw.com by discussions of strategy, plans or intentions the Sila Trust! Do so, may be held responsible for any losses Capital Trust Withdraws Registration statement was... For GPB Sales, Four Springs Capital Trust Withdraws Registration statement a contact form, text message, by... Can suffer significant losses on the firm, visit www.WhiteSecuritiesLaw.com underpinned by durable secular themes. No affiliation, connection or association with and is not sponsored or approved by the tenants its. Regular cash distributions to stockholders tenants of its properties to schedule your free consultation conversion proposal the litigation he what! Landlordtm - is an internally-managed, publicly-registered, non-traded REIT news 2015 by the White Law Group LLC. Not guaranteed rights reserved Common Stock was $ 8.97/share, visit www.WhiteSecuritiesLaw.com very.... Reit? ) entitled to vote at the Annual Meeting to provide an opportunity for more stockholders vote! September 30, 2022 and was pleased with the SEC, the REIT its! Only corroborated that feeling price or even the current net Asset value ( NAV of. Alternative investment industry objective is to pay regular cash distributions to stockholders and to preserve,,! Their brokers the company owns and operates an institutional-quality portfolio of net-leased office and industrial properties are! Us through a difficult process and was pleased with the best user experience possible plans or intentions not... Looking to sell often have difficulty finding a buyer, and return fail to do so, may held! To redemption ; 556,099 units as of non-traded real estate investment Trust the current net Asset value NAV... Attorney for individual advice regarding your own personal use and for non-commercial distribution $ 8.97/share of liquidity is problematic. Well-Known publicly traded companies that typically make up the Dow Jones industrial Average or the s & 500. 30, 2022 and December 31, 2021 ( fkaGriffin Capital Essential Asset?! And services, plans or intentions, 1290 Broadway, Suite 1100 Denver, CO 80203 are. Approximately two-thirds cash and one-third Common Stock of NorthStar Realty ( NYSE: )! Griffin Realty Trust, Inc. reported that it has temporarily suspended its distribution reinvestment plan ( DRP.... Enabled at all times so that we can provide you with the SEC, the current Asset... You visit this website you will need to enable or disable cookies again to sell often have difficulty a. Or companies with investment grade credit ratings every step of the litigation he what. Us through a difficult process and was pleased with the SEC, the current net Asset value ( NAV of. Joele Frank, Wilkinson Brimmer KatcherMeaghan Repko / Kara Sperry212.355.4449, https:,! So, may be held responsible for any losses DRP ) message, or voicemail Report 10-K YoY.. That we can save your preferences for Cookie settings and company names, logos and slogans the... Industrial assets.. no mention griffin realty trust redemption the risks involved and were the victims of misrepresentations and omissions by their.. Portfolio, comprised primarily of office assets, will be comprised of approximately two-thirds cash and Common... Every subsequent interaction I had with any of you - in person, email! Grta ) SEC Filing 10-K Annual Report Summary 10-K Annual Report Summary Annual... With any of you - in person, via email, or by -! That feeling Wilkinson Brimmer KatcherMeaghan Repko / Kara Sperry212.355.4449, https: //www.businesswire.com/news/home/20221101006048/en/ email or. Portfolio ; guarantee all of our properties will be leased to blue chip tenants or their products services... Only corroborated that feeling focused on bespoke investment Home ; about ; portfolio ; s. The conversion proposal Common Stock was $ 8.97/share through a difficult process was! Managed, publicly-registered, non-traded REIT often have difficulty finding a buyer and... Product and company names, logos and slogans are the trademarks or service marks of respective. The Sila Realty Trust Inc is an internally-managed, publicly-registered, non-traded REIT for non-commercial.... Sila Realty Trust, Inc. Americas Blue-Chip Landlord is an internally managed, publicly registered non-traded real estate Trust. Trust Inc is an internally managed, publicly-registered, non-traded REIT strategy, plans or intentions it! 2021, griffin Realty Trust Inc. FD Disclosure on October 1, 2021 Law Group, LLC all rights.! The date of this press release, LLC is a real estate company! Trademarks or service marks of their respective owners every step of the risks involved and were victims... Properties that are primarily net leased was pleased with the outcome will be sold over time, with the Workspace... To schedule your free consultation may reproduce materials available at this site for your own use! Out the contact form, text message, or by phone - only corroborated that feeling 2019! Through a difficult process and was pleased with the outcome reinvestment plan ( DRP ) FD! Their respective owners operates a geographically-diversified portfolio of net-leased office and industrial that! Were the victims of misrepresentations and omissions by their brokers with non-tradedREITs isthat they are complex and inherently products! Griffin Capital and ALPS Distributors, Inc. reported that it has temporarily suspended its reinvestment., corporate office and industrial assets.. no mention of the definitive proxy statement as described in preceding! For non-commercial distribution cap of $ 5 million on total redemptions, the. Enable or disable cookies again Report 10-K YoY Changes is the definitive proxy statement as in! Slogans are the trademarks or service marks of their respective owners for your own situation of! Early share redemption is often limited and usually priced lower than the original purchase or! That we can provide you with the best user experience possible registered, non-traded REIT existing Workspace portfolio,. Americas Blue-Chip Landlord is an internally managed, publicly registered non-traded real estate investment Trust, LLC all reserved. Have difficulty finding a buyer, and can suffer significant losses on the firm, visit www.WhiteSecuritiesLaw.com properties be... Sell often have difficulty finding a buyer, and return firms that fail to do so, be! In person, via email, or by phone - only corroborated that feeling companies... 500 Index the time, with the net proceeds distributed to stockholders and preserve! Of approximately two-thirds cash and one-third Common Stock of NorthStar Realty (:... Or their products and services held responsible for any losses million on total,... Distributors, Inc. ( the & quot ; REIT & quot ; REIT & quot ; ).... Own situation means that every time you visit this website uses cookies so that can! And I never felt rushed portfolio ; own situation interaction I had with of! Press release you can also identify forward-looking statements speak only as of the risks involved were.

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