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. Please do not include any confidential or sensitive information in a contact form, text message, or voicemail. Highlights for the Quarter Ended June. Sanctioned for GPB Sales, Four Springs Capital Trust Withdraws Registration Statement. Concerned about your investment in Griffin Capital Essential Asset REIT? Everyone I dealt with was exceptional. This website uses cookies so that we can provide you with the best user experience possible. Blog, Current Investigations, Concerned about your investment in Griffin Realty Trust inc. (fkaGriffin Capital Essential Asset REIT?). You should expect to receive offer materials for the CMG Offer, if you have not received them already. The REITs portfolio currently includes 80 wholly owned office and industrial properties (91 buildings), totaling 21.6 million in rentable square feet, located in 24 states, as well as an equity interest in a joint venture that owns 41 office properties. ", "Good intelligent attorneys who never miss a beat. View All Net Leased. If all goes according to plan, the largest-ever public offering for a health care real estate investment trust (REIT) could occur next year involving a company that owns more than 11,500 . 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. Dr. Randy Anderson offers latest real estate sector picks on Fox Business Claman Countdown Read More. 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. Blue chip companies are well-known publicly traded companies that typically make up the Dow Jones Industrial Average or the S&P 500 Index. Visited more than 50,000 times per month by wealth advisors and industry leaders, www.TheDIWire.com is an invaluable resource for anyone interested in the illiquid alternative investment industry. For more information on the firm, visit. For more information on the firm, visitwww.WhiteSecuritiesLaw.com. 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. The REIT also noted that it has temporarily suspended its quarterly publishing of net asset value per share of common stock due to certain strategic initiatives that the REIT currently is pursuing, according to filings with the SEC. Griffin Realty Trust, Inc. ("GRT"), at a price of $3.40 per share in cash (the "CMG Offer"). Griffin Realty Trusts estimated net asset value (NAV) was $9.04 share. The non-traded REITs Board stated it would not make a recommendation one way or the other to shareholders. On November 22, Mackenzie Capital Management LP launched a tender offer, to purchase shares of Griffin Realty Trust for just $4.69 per share, but. GRT has not approved or sponsored its tenants or their products and services. The Company intends for all such forward-looking statements to be covered by the applicable safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. 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. Login Page Enter your Username and Password below. Home; About; Portfolio; . With our extensive knowledge and commitment to providing only the best and most timely information to our clients, we are your go-to source for real estate industry insight and advice. The Annual Meeting will be held on November 30, 2022 at 9:30 am Pacific Time at the offices of GRT located at 1520 E. Grand Avenue, El Segundo, California 90245. Lack of liquidity is often problematic for many investors. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. 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 $1.132 billion. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. hb```e````c`dab@ !;cv$ }c36x1M@
0 To review a summary of the Risk Factors related to an investment in the Apollo Diversified Real Estate Fund click here. On October 1, 2021, Griffin Realty Trust, Inc.suspended its share redemption program(SRP)and suspended its distribution reinvestment plan (DRP). Griffin Realty Trust Inc., a publicly registered non-traded real estate investment trust formerly known as Griffin Capital Essential Asset REIT, has temporarily suspended its quarterly publishing of net asset value per share, according to a filing with the Securities and Exchange Commission. The distribution for September 2021 was to be paid by around October 11, 2021. Noncontrolling interests subject to redemption; 556,099 units as of September 30, 2022 and December 31, 2021 . 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. 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 $. According to 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. Griffin Realty Trust is an internally managed, publicly registered non-traded real estate investment trust (non-traded REIT). Their broker may have even unsuitably sold this non-traded REIT to them. About Griffin Realty Trust, Inc. Griffin Realty Trust, Inc. - America's Blue-Chip Landlord TM - is an internally managed, publicly-registered, non- traded REIT. Share Redemption Form Instructions. Griffin Capital Company, LLC (Griffin Capital) is a vertically-integrated real 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. Password. MacKenzie Launches Unsolicited Tender Offer for Griffin Realty Trust Shares, Click here to subscribe to our Daily News Updates, Greenbacker Renewable Energy Company Increases Monthly Share Value, Blackstone Private Credit Fund Increases Regular Monthly Distribution, Bluerock Raises Record $4 Billion of Investor Capital in 2022, MacKenzie Realty Capital Increases Quarterly Dividend Again, Cerity Completes Third RIA Acquisition in January, Adding $8.6 Billion in AUM. Griffin Realty Trust, Inc. Changes to Beneficial Ownership: Cazel Gregory M (Director) (Form4) Accepted: Form Type: 4. The Apollo Diversified Real Estate Fund website is available for use subject to its Terms of Use and our Privacy Policy. Please. September 8, 2022 MacKenzie and its affiliates have launched an unsolicited tender offer to purchase up to 1 million shares of Griffin Realty Trust Inc., a publicly registered non-traded real estate investment trust formerly known as Griffin Capital Essential Asset REIT, for $4.09 per share in cash. Griffin Capital Company uses 'cookies' and processes data like IP-addresses or browser information to help us compile aggregate data about site traffic and site interaction so that we can offer better user experiences. There is no guarantee all of our properties will be leased to blue chip tenants or companies with investment grade credit ratings. Griffin Realty Trust, which recently finalized a stock-for-stock merger transaction with Cole Office & Industrial REIT Inc., now has more than 120 properties with a $5.8B total asset valuation. Early share redemption is often limited and usually priced lower than the original purchase price or even the current price. 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. Every subsequent interaction I had with any of you - in person, via email, or by phone - only corroborated that feeling. If you disable this cookie, we will not be able to save your preferences. Not only that but also the fees and commissions that come with the purchase of a non-traded REIT can be as high as 15%. Get the latest Griffin Realty Trust Inc. - Class E (GCEA) stock price, news, buy or sell recommendation, and investing advice from Wall Street professionals. 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 . 149 0 obj
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estate investment company focused on bespoke investment 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.. 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. The REIT also notedthat it has temporarily suspended its quarterly publishing of net asset value per share of common stockdue to certainstrategic initiativesthat the REIT currently is pursuing, according to filings with the SEC. 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 D1d`x;11020Ng.S{io];{]t\kT;qv11/F gH2~] B^=v}_ 0HaBS a`UPZb>9b`w.4LfJU0viAGN (qh8.rI/h
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<. Griffin Realty Trust uses cookies and processes data like IP-addresses or browser information to help us compile aggregate data about site traffic and site interaction so that we can offer better user experiences. CMFT is a non-traded real estate investment trust ("REIT") managed by affiliates of CIM Group, LLC . 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 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. Griffin Realty Trust, Inc. (Exact name of registrant as specified in its charter) Commission File Number: 000-55605 Maryland 46-4654479 (State or other jurisdiction of incorporation) (IRS. This means that every time you visit this website you will need to enable or disable cookies again. 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. It has also suspended its distribution reinvestment plan (. GRTs Board of Directors Unanimously Recommends Stockholders Vote FOR All Proposals. However, it did note that at some point, future additional liquidity might be available to investors although it couldnt guarantee if and when that would happen and whether the price would be greater than what CMG Partners was offering. GRT and its directors, executive officers and certain employees may be deemed to be participants in the solicitation of proxies from GRTs stockholders with respect to the Annual Meeting. Lack of liquidity is often problematic for many investors. Financial Advisors: Contact the GRT Advisor Services Team advisorservices@grtreit.com. 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