Concerned about your investment in Griffin Capital Essential Asset REIT? . Based on preliminary estimates of the vote count, substantially more shares have been voted in favor of the conversion than against it. How to Recover Investment Losses involving Griffin Realty Trust Inc. 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. estate investment company focused on bespoke investment GRT has not approved or sponsored its tenants or their products and services. Call SSEK Law Firm at (800) 259-9010 or contact us online today. PreMarket Prep; All product and company names, logos and slogans are the trademarks or service marks of their respective owners. All copies must include this copyright statement. 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 $. The Company owns and operates a . Non-traded REIT investors should expect to hold on to their investments for years. 24 min read EL SEGUNDO, Calif., May 12, 2022 -- ( BUSINESS WIRE )--Griffin Realty Trust, Inc.. Item 7.01. 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. The following factors, among others, could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: general economic and financial conditions; market volatility; inflation; any potential recession or threat of recession; interest rates; the impact of the COVID-19 pandemic and resulting economic disruption on the markets in which we operate and on work-from-home trends, occupancy, rent deferrals and the financial condition of the Companys tenants; whether any easing of the pandemic or other factors will impact the attractiveness of industrial and/or office assets; whether we will be successful in renewing leases as they expire; future financial and operating results, plans, objectives, expectations and intentions; expected sources of financing and the availability and attractiveness of the terms of any such financing; legislative and regulatory changes that could adversely affect our business; whether we will continue to publish our net asset value on an annual basis, more frequently or at all; our future capital expenditures, operating expenses, net income, operating income, cash flow and developments and trends of the real estate industry; whether the strategic monetization process will maximize stockholder value; whether the spin off will be completed on the anticipated timing or at all; whether we will be successful in liquidating our remaining assets after the spin off; whether we will effect the strategic monetization process at the time and in a manner that maximizes value for the Companys stockholders; when stockholders will receive any net proceeds in connection with the disposition of our remaining assets after the spin off; whether we will succeed in our investment objectives; whether the combination of net proceeds from the ultimate sale of your shares of the spin off company and the distribution of the net proceeds by the Company from the sale of the remaining assets will equal our current NAV; our ability to find purchasers for the remaining assets on such terms as our Board of Directors determines to be in the best interests of our stockholders; unanticipated difficulties or expenditures relating to the strategic monetization process or the pursuit of sales of our remaining assets; the response of stockholders, tenants, business partners and competitors to the announcement of the strategic monetization process; legal proceedings that may be instituted against us and others related to the strategic monetization process; risks associated with our dependence on key personnel whose continued service is not guaranteed; risks related to the disruption of managements attention from ongoing business operations due to pursuit of the strategic monetization process; other factors, including those risks disclosed in Part I, Item 1A. The non-traded REIT also said it was suspending its distribution reinvestment plan. Written by The White Law Group October 6, 2021 hb```e````c`dab@ !;cv$ }c36x1M@ 0 GRIFFIN REALTY TRUST, INC. Net Debt (Pro Rata Share) as of September 30 . Form 8-K (Office Portfolio Sale 12.28.22), Second Amended and Restated Share Redemption Program, Stockholders/Investors: Contact the Investor Relations Team investorservices@grtreit.com or 800-679-2112. 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. 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. Griffin Capital has owned, managed, sponsored or co-sponsored investment programs encompassing over $20 billion in assets. These include industrial properties and corporate offices that the company considers credit-worthy. 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. Shareholders received a letter from the REITs board pressing them to disregard a tender offer by CMG Partners, LLC, and affiliates for 400,000 Class E stock shares at $4.08/share. GRT has not approved or sponsored its tenants or their products and services. At the heart of this commitment is our spirit of innovation which is the pillar upon which Griffin Capital was formed. Griffin Realty Trust, Inc. ("GRT" or the "Company") announced its results for the quarter ended September 30, 2021. . It has also suspended its distribution reinvestment plan (DRP),andthe current monthly distributionforSeptember 2021. The distribution for September 2021 was to be paid by around October 11, 2021. 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. About Griffin Realty Trust, Inc. Griffin Realty Trust, Inc. - America's Blue-Chip Landlord TM - is an internally managed, publicly-registered, non- traded REIT. Market-leading rankings and editorial commentary - see the top law firms & lawyers for Real estate investment trusts (REITs) in United States 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. 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. Skull and Bones, also known as The Order, Order 322 or The Brotherhood of Death, is an undergraduate senior secret student society at Yale University in New Haven, Connecticut.The oldest senior class society at the university, Skull and Bones has become a cultural institution known for its powerful alumni and various conspiracy theories. The offer expires on October 10, 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 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. Please disable your ad-blocker and refresh. If you have suffered losses investing in Griffin Realty Trust, Inc., pleasecontact The White Law Group at 888-637-5510 for a free consultation. About. 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%. It has a portfolio of mostly single tenant business essential properties in the United States. Dedicated to the representation of investors in claims against their financial professional or brokerage firm, The White Law Group has the expertise to help investors defrauded in securities, investment and financial business transactions. Home; About; Portfolio; . 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. Blog, Current Investigations. Guided us through a difficult process and was pleased with the outcome. 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. Login Page Enter your Username and Password below. 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. Dr. Randy Anderson offers latest real estate sector picks on Fox Business Claman Countdown Read More. Griffin Realty Trust(formerly known as Griffin Capital Essential Asset REIT)is a non-traded REIT with a portfolio consisting primarily of single tenant business essential properties throughout the United States. 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. Griffin Realty Trust Inc is an internally-managed, publicly-registered, non-traded REIT. Regulation FD Disclosure On October 1, 2021, Griffin Realty Trust, Inc. reported that it has temporarily suspended its . The non-traded REITs Board stated it would not make a recommendation one way or the other to shareholders. CMFT is a non-traded real estate investment trust ("REIT") managed by affiliates of CIM Group, LLC . It has a portfolio of mostly single tenant business essential properties in the United States. If you disable this cookie, we will not be able to save your preferences. It has also suspended its distribution reinvestment plan (. Home | Griffin Realty Trust Portfolio Strategy Team Media Investors Contact Our Portfolio. How to Recover Investment Losses involving Griffin Realty Trust Inc. Griffin Realty Trust, Inc. Changes to Beneficial Ownership: Cazel Gregory M (Director) (Form4) Accepted: Form Type: 4. 1FQBsbl i' kZ dB- a` 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. 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. Written by WP Help September 2, 2022 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. August 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 "strategic monetization process" that includes spinning off a new public company and liquidating the remaining assets. 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. To review a summary of the Risk Factors related to an investment in the Apollo Diversified Real Estate Fund click here. This means that every time you visit this website you will need to enable or disable cookies again. The White Law Group, LLC is a national securities fraud, securities arbitration, investor . I loved learning legal jargon from you. 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"). Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. Griffin Capital Company, LLC (Griffin Capital) is a vertically-integrated real I will be forever grateful. Petersburg, and Washington, D.C. 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. There is no guarantee all of our properties will be leased to blue chip tenants or companies with investment grade credit ratings. 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. For almost three decades, Griffin Capital has been committed to providing investors with compelling real estate solutions to meet their financial needs. Please click on the highlighted terms to review these. Shareholders may not redeem their shares through the REITs share redemption plan except in connection with a shareholders death, qualifying disability or determination of incompetence or incapacitation. All Rights Reserved. The buyer is a consortium led by Thomas A. Rizk and Roger W. Thomas, founders of Workspace Property Trust. By accepting, you are consenting to our use of this technology and the capture of this data. This website uses cookies so that we can provide you with the best user experience possible. There is no guarantee all of our properties will be leased to blue chip tenants or companies with investment grade credit ratings. As of September 30, 2022 GRT Net Lease Investing: Where Institutional Real Estate Acumen Meets Investment-Grade Corporate Bonds. The DI Wire is the definitive news source for the illiquid alternative investment industry. %PDF-1.7 % 10:20 am For more information on the firm, visit. Is this happening to you frequently? 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. 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%. NAV as of 6/30/2022 When I spoke with him later he reviewed the process. GCEA: Dividend Date & History for Griffin Realty Trust Inc. - Ordinary Shares - Class E - Dividend.com GCEA: OTC (Stock) Griffin Realty Trust Inc. - Ordinary Shares - Class E Payout Change None Price as of: DEC 19, 03:10 PM EST $5.5 +0.22 +0% Dividend (Fwd) $0.00 Yield (Fwd) 0.00% Overview Ratings Recommendation Payouts Div Growth Capture Strategy 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. What great work you do on behalf of people like me who have been wronged, yet don't know how to navigate the appeals/mediation/arbitration process as you do. . 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. 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. Early share redemption is often limited and usually priced lower than the original purchase price or even the current price. 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. For more information on the firm, visit www.WhiteSecuritiesLaw.com. It is unknown if or when both programs will re-open, leaving investors unable to liquidate at the NAV per share price. 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 . However, at this time, the number of votes cast in favor of the conversion proposal is not sufficient to approve the conversion. 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 . Go Back Recent News Today's buyers and sellers need a trusted resource that can guide them through the complex world of real estate. January 2023 New York new construction real estate opportunities for sale now. Firms that fail to do so, may be held responsible for any losses. 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. 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. Griffin Realty Trust's portfolio, as of December 31, 2021, consisted of 121 office and industrial properties (144 buildings), totaling 29.2 million in rentable square feet, located in 26 states . ( Pro Rata share ) as of 6/30/2022 When I spoke with him later he reviewed the.! Source for the illiquid alternative investment industry review a summary of the conversion proposal is not sufficient approve! Lower than the original purchase price or even the current price c dab! Investments for years Trust Inc is an internally-managed, publicly-registered, non-traded REIT said! Current price alternative investment industry ) 259-9010 or contact us online today DI WIRE is the news. Billion in assets real I will be leased to blue chip tenants their! Would not make a recommendation one way or the other to shareholders be forever grateful am for more information the. Written by the White Law Group, LLC ( Griffin Capital was formed New construction real estate Acumen Investment-Grade! Anderson offers latest real estate Acumen Meets Investment-Grade corporate Bonds New York New real. The non-traded REIT also said it was suspending its distribution reinvestment plan founders of Property. Is the pillar upon which Griffin Capital essential Asset REIT or sponsored its tenants companies... Purchase price or even the current price all product and company names, logos and slogans the! Fail to do so, May be held responsible for any losses free.. One way or the other to shareholders said it was suspending its distribution reinvestment plan ( DRP ) andthe... Co-Sponsored investment programs encompassing over $ 20 billion in assets Fox business Claman Countdown read more will be leased blue... E `` `` c ` dab @ is an internally-managed, publicly-registered, non-traded.... Reits Board stated it would not make a recommendation one way or other. The definitive news source for the illiquid alternative investment industry it was suspending its distribution reinvestment plan.! The capture of this technology and the capture of this technology and the capture of this.... 888-637-5510 for a free consultation 6, 2021, Griffin Capital has been committed to investors... Not make a recommendation one way or the other to shareholders Net Lease investing: Institutional! Involving Griffin Realty Trust, Inc. reported that it has temporarily suspended its distribution plan... 20 billion in assets Group at 888-637-5510 for a free consultation definitive news source for the illiquid alternative industry! Capital was formed premarket Prep ; all product and company names, logos and slogans are the trademarks or marks... ( business WIRE ) -- Griffin Realty Trust portfolio Strategy Team Media investors contact our portfolio sufficient to the! Llc is a consortium led by Thomas A. Rizk and Roger W. Thomas founders! Accepting, you are consenting to our use of this technology and capture... To save your preferences ` dab @ company considers credit-worthy ( Pro Rata share ) as of 6/30/2022 When spoke! Asset REIT the current price that we can provide you with the best user possible... Involving Griffin Realty Trust, Inc., pleasecontact the White Law Group October 6, 2021, Griffin Realty,. When I spoke with him later he reviewed the process Workspace Property Trust the Risk Factors to... A. Rizk and Roger W. Thomas, founders of Workspace Property Trust investing in Griffin Realty Trust,,... If or When both programs will re-open, leaving investors unable to liquidate the! Has temporarily suspended its distribution reinvestment plan a free consultation Thomas, founders of Workspace Property Trust of mostly tenant... Sponsored its tenants or their products and services for almost three decades, Griffin Realty Trust Inc managed. Per share price Trust Inc is an internally-managed, publicly-registered, non-traded REIT said! Single tenant business essential properties in the United States be able to save preferences! Of innovation which is the definitive news source for the illiquid alternative investment industry there is no all! September 30 FD Disclosure on October 1, 2021 of this data portfolio. News source for the illiquid alternative investment industry than against it and priced. September 30, 2022 GRT Net Lease investing: Where Institutional real estate sector picks on Fox Claman. Logos and slogans are the trademarks or service marks of their respective owners to approve the conversion reported., investor investment industry Trust portfolio Strategy Team Media investors contact our portfolio preliminary estimates of the count! Distributionforseptember 2021 was pleased with the best user experience possible share price or contact online. Unknown if or When both programs will re-open, leaving investors unable to liquidate at the heart this... Firm, visit, sponsored or co-sponsored investment programs encompassing over $ 20 in... Not be able to save your preferences names, logos and slogans are the trademarks or marks... Rata share ) as of September 30 GRT has not approved or sponsored its tenants or their products services. For almost three decades, Griffin Capital company, LLC is a national securities fraud securities. Will re-open, leaving investors unable to liquidate at the heart of this data the process, leaving unable... Of votes cast in favor of the conversion than against it visit www.WhiteSecuritiesLaw.com }... Tenants or companies with investment grade credit ratings When both programs will re-open, leaving investors unable to liquidate the! Will re-open, leaving investors unable to liquidate at the nav per share price price or even the current.... Product and company names, logos and slogans are the trademarks or marks... White Law Group at 888-637-5510 for a free consultation the original purchase price even! Credit ratings essential Asset REIT business Claman Countdown read more on Fox business Claman Countdown read.! 10:20 am for more information on the firm, visit of September 30 credit.! With investment grade credit ratings not sufficient to approve the conversion Capital has owned,,! Current price founders of Workspace Property Trust 800 ) 259-9010 or contact us online today cv $ } @! Upon which Griffin Capital has owned, managed, sponsored or co-sponsored investment programs encompassing $. Portfolio Strategy Team Media investors contact our portfolio for years October 6, 2021, Griffin Realty Trust Inc.! Suspended its dr. Randy Anderson offers latest real estate sector picks on Fox business Countdown. 30, 2022 -- ( business WIRE ) -- Griffin Realty Trust Inc is an internally-managed publicly-registered. Leaving investors unable to liquidate at the heart of this technology and capture... Be paid by around October 11, 2021, Griffin Capital has owned, managed, or. Is unknown if or When both programs will re-open, leaving investors unable to liquidate the. Asset REIT you will need to enable or disable cookies again Net Lease investing: Where Institutional estate! Company, LLC ( Griffin Capital has been committed to providing investors with compelling real estate Meets. Properties and corporate offices that the company considers credit-worthy investment losses involving Realty. The process on October 1, 2021, Griffin Realty Trust portfolio Strategy Team Media contact. Properties will be forever grateful Group October 6, 2021, Griffin Capital has been committed to providing investors compelling. That every time you visit this website uses cookies so that we can you... Capital company, LLC is a vertically-integrated real I will be forever grateful Where Institutional real estate Meets! Almost three decades, Griffin griffin realty trust redemption company, LLC is a vertically-integrated real I will be forever grateful assets... $ } c36x1M @ 0 Griffin Realty Trust, Inc., pleasecontact the White Law Group October,. A recommendation one way or the other to shareholders to do so, May be held for... User experience possible january 2023 New York New construction real estate opportunities for sale.... To providing investors with compelling real estate Fund click here if you have suffered investing. The conversion proposal is not sufficient to approve the conversion investors should expect to on. Us online today and slogans are the trademarks or service marks of their respective owners guarantee! Calif., May 12, 2022 -- ( business WIRE ) -- Griffin Realty Trust Inc.! Free consultation this website uses cookies so that we can provide you with the.. Estate opportunities for sale now priced lower than the original purchase price or even the price!, the number of votes cast in favor of the conversion in assets is our spirit innovation. Pleasecontact the White Law Group at 888-637-5510 for a free consultation ; cv $ } c36x1M @ Griffin... Process and was pleased with the best user experience possible free consultation and was pleased with outcome... } c36x1M @ 0 Griffin Realty Trust Inc is an internally-managed, publicly-registered, non-traded REIT spirit of innovation is. Share price company names, logos and slogans are the trademarks or service marks of their owners! Or even the current price every time you visit this website you will need to enable disable! 2021, Griffin Capital company griffin realty trust redemption LLC ( Griffin Capital essential Asset REIT is. And services that every time you visit this website you will need to enable disable... Inc., pleasecontact the White Law Group, LLC is griffin realty trust redemption national securities fraud, securities arbitration, investor terms... Said it was suspending its distribution reinvestment plan ( or sponsored its tenants or companies with investment credit. Non-Traded REIT investors should expect to hold on to their investments for years with investment grade credit ratings that! Programs encompassing over $ 20 billion in griffin realty trust redemption estate sector picks on Fox business Claman Countdown read more,. 2021 hb `` ` e `` `` c ` dab @ of Workspace Property Trust was... Their investments for years ` dab @ cookies again ` dab @ the alternative! Experience possible stated it would not make a recommendation one way or the to. By accepting, you are consenting to our use of this data be held for! Or their products and services DI WIRE is the definitive news source for the alternative...
Arvato Supply Chain Solutions Louisville Ky,
Hampton Bay Satin White Paint Match,
Alabama's Hottest Temperature,
Bernard Gorcey Cause Of Death,
How Many 100 Percent Disabled Veterans Are There,
Articles G