We may use it to: To learn more about how we handle and protect your data, visit our privacy center. With our extensive knowledge and commitment to You can also identify forward-looking statements by discussions of strategy, plans or intentions. Answer the security challenge and click Continue. To read this full article you need to be subscribed to Newsline. Sign up to receive emails from IREI. Sincerely, Kevin A. Shields . Past performance is not indicative of future results. The portfolio enjoys 95.2% occupancy, according to the REITs website. Should you have any questions or need further information about your options, please feel free to contact GRT Investor Services at 800-679-2112. You can also identify forward-looking statements by discussions of strategy, plans or intentions. 
Please disable your ad-blocker and refresh. Item 1.01. 2023 Apollo Diversified Real Estate Fund. Investor Contact Chairman of the Board and Executive Chairman . Please contact a client service representative for assistance Monday through Friday from 8 am to 6 pm PST at 800-679-2112. Griffin Capital has no control over this external site and Copyright 2023 Griffin Realty Trust. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Additional Information and Where to Find It. Michael Escalante, GRTs President and Chief Executive Officer, commented, We have made significant progress in reducing debt on our balance sheet and de-risking our portfolio, as well as proactively managing our portfolios maturing leases. Griffin Realty Trust recently sold a majority Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as may, will, should, expects, intends, plans, anticipates, believes, estimates, predicts, or potential or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. griffin realty trust redemption Our disciplined approach is applied to every decisionfrom project inception through realizationas we strive to work in the best interests of our stakeholders. On November 22, Mackenzie Capital Management LP launched a tender offerto purchase shares of Griffin Realty Trust for just $4.69 per share, but Griffin estimated that its Net Asset Value was $9.10 per Share, as of June 30, 2021. strategies underpinned by durable secular growth themes as a 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. Griffin Capital Company, LLC (Griffin Capital) is a vertically-integrated real Michael Escalante, GRTs President and Chief Executive Officer, commented, "We are pleased to announce this strategic monetization process, and look forward to executing this plan over the coming months. 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. 086 079 7114 [email protected]. Also, the company announced on October 1, 2021, it was suspending its share redemption program (SRP) beginning with the next cycle commencing fourth quarter 2021. Headquartered in El Segundo, California, Griffin Realty Trust uses a net lease approach to its investments. According to Griffin, the Program was developed in order to provide liquidity for stockholders in connection with a revised public offering plan and is similar to the redemption plans of other perpetual-life, non-listed REITs that recently have been granted no-action relief by the Division. Youll receive updates on upcoming events, special FORM 10-Q GRIFFIN REALTY TRUST, INC. TABLE OF CONTENTS Page No. Information about GRTs directors and executive officers and their ownership of GRT securities is set forth in GRTs preliminary proxy statement for the Annual Meeting on Schedule 14A filed with the SEC on August 5, 2022. According to A recent investor complaint against Hunt Valley, Maryland financial advisor Peter Maller (CRD# 2322403) concerns an investment in Atlas Growth 2017 - 2023 Chase Carlson. Investors Flood Money Market Funds in Search of Yield, Not Just Bank Worries, How the Largest Stock Funds Did in the First Quarter, 14 Charts on the Q1 2023 Whiplash Market Performance, Markets Brief: Investors Look Past Turmoil and Drive Stocks Higher in Q1 2023, The Best iShares ETFs and BlackRock Funds, https://www.businesswire.com/news/home/20230220005353/en/. Shares were originally sold for $10.00 per share. 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. For more information about The White Law Group call our Chicago office at 312-238-9650 or visit us on the web at http://www.whitesecuritieslaw.com. This site is protected by reCAPTCHA and the Google Webjackie cooper daughters griffin realty trust redemption. WebGriffin Realty Trust, Inc. (GRT or the Company) today announced a strategic monetization process intended to provide stockholders with liquidity a Aug 5, 2022 www.businesswire.com GRT Announces Strategic Monetization Process, Updates Net Asset Value and Reinstates Share Redemption Plan 6-20 characters long and contain at least 2 number(s), You will have three attempts to enter the correct password before your account is locked. In connection with its 2022 annual meeting of stockholders ("Annual Meeting"), GRT filed a preliminary proxy statement on Schedule 14A on August 5, 2022, with the Securities and Exchange Commission (the "SEC"). 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. 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. Broad expertise in real estate, infrastructure and credit, with a wide range of opportunities across the risk-return spectrum. By clicking on I accept, you consent to our Privacy Policy. For almost three decades, Griffin Capital has been committed to providing investors with compelling real estate solutions to meet their financial needs. publication offers and more. This means that you entered incorrect security information. #407 Calabasas, California 91302 Email: [email protected] Tel: 855-NTREITS (855-687-3487) Fax: 818-591-3710 BUY REITs Buying on the secondary market for non-listed REITs and LPs has certain advantages, such as purchasing mature established assets, cash flow, decreased Apollo Global Management and ALPS Distributors, Inc. are not affiliated. Apollo Global Management, Inc. AN OFFERING IS MADE ONLY BY THE PROSPECTUS. Griffin Industrial Realty, Inc., a Delaware corporation (the Company), proposes, on the basis of the representations and warranties, and subject to the terms and conditions, stated herein and in the Sales Agreement, dated May 10, 2018 (the Sales Agreement), by and between the Company and Robert W. Baird & Co. Griffin estimated that its Net Asset Value was $9.10 per Share, as of June 30, 2021. This external link This material must be read in conjunction with the applicable prospectus in order to understand all the implications and risks of any offering of securities to which the material relates. August 8, 2022. Joele Frank, Wilkinson Brimmer Katcher Effective May 2, 2022, Griffin Institutional Access Real Estate Fund has been renamed Apollo Diversified Real Estate Fund. While forward-looking statements reflect the Companys good faith beliefs, assumptions and expectations, they are not guarantees of future performance. The document lays out additional suitability standards, including a minimum net worth of $250,000 or a gross annual income of at least $70,000 and a net worth of at least $70,000. Distributions are not guaranteed. For your security your account has been locked. Griffin Realty Trusts estimated net asset value (NAV) was $9.04 share. Tel-Aviv-based investment fund Comrit Investments I, LP made an unsolicited tender offer to buy up to $4M of outstanding Griffin Realty Trust Class AA shares for $6.91/share. Market Commentary, Parent Page, Private Equity. View source version on businesswire.com: https://www.businesswire.com/news/home/20220805005173/en/, Media Contact: Joele Frank, Wilkinson Brimmer KatcherMeaghan Repko / Kara Sperry212.355.4449, https://www.businesswire.com/news/home/20220805005173/en/, Asian stocks slide, bond yields depressed as recession worries weigh, GLOBAL MARKETS-Asian stocks slide, bond yields depressed as recession worries weigh, Dollar edges higher ahead of non-farm payrolls data on Friday, FOREX-Dollar edges higher ahead of non-farm payrolls data on Friday, China March services activity accelerates on new orders - Caixin PMI. griffin realty trust, inc. Funds from Operations and Adjusted Funds from Operations (Unaudited; in thousands except share and per share amounts) Funds from EL SEGUNDO, Calif., August 05, 2022 -- ( BUSINESS WIRE )--Griffin Realty Trust, Inc. ("GRT" or the "Company") today announced a strategic monetization process Collected approximately 100% of contractual rent for the quarter and the last two years. 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. Table of Contents 2. 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. Shares may be worth more or less than original cost when redeemed. Please contact a client service representative for assistance Monday through Friday from 8 am to 6 pm PST at 800-679-2112. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. Goldman Sachs & Co. LLC and BofA Securitiesare serving as financial advisors to GRT in connection with the direct listing. Assets Owned and Operated (AOO) represents the aggregate assets owned and operated by CIM on behalf of partners (including where CIM contributes alongside for its own account) and co-investors, whether or not CIM has discretion, in each case without duplication. If you have an ad-blocker enabled you may be blocked from proceeding. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. Why is there a red X next to my New Password? There is a quarterly cap of $5 million on total redemptions, and the next redemption date is September 30, 2022. Carlson Law represents investors involved in claims against financial advisors and investment firms throughout the United States. Cautionary Statement Regarding Forward-Looking Statements. Griffin Capital and ALPS Griffin Realty Trust, a publicly registered and non-traded real estate investment trust (REIT), is a complex, risky investment product that may not be suitable for inexperienced retail investors. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. With the guidance of its advisors, GRTs Board of Trustees (Board) and management team unanimously determined that pursuing a direct listing of the Company is the best available path in the current market environment to provide liquidity to its shareholders and the opportunity to maximize value over time. 2023 Griffin Capital Company, LLC. Enter a password into the New Password field. Webcast Recording Available on GRTs website at grtreit.com. This decision is the culmination of a process initiated in 2019 whereby the Company began the evaluation of a comprehensive range of strategic monetization alternatives for the Company and its assets. THIS SALES AND ADVERTISING LITERATURE MUST BE READ IN CONJUNCTION WITH THE PROSPECTUS IN ORDER TO UNDERSTAND FULLY ALL OF THE IMPLICATIONS AND RISKS OF THE OFFERING OF SECURITIES TO WHICH IT RELATES. Redemptions under the SRP are limited (a) to those sought upon a stockholders death, qualifying disability, or determination of incompetence or incapacitation in accordance with the terms of the SRP, and (b) a quarterly cap on aggregate redemptions equal to the aggregate NAV, as of the last business day of the previous quarter, of the Why did I get the 'Your Account has been Locked' Message? Shares were originally sold for $10.00 per share. When your new password setup and verification is complete, click Continue located at the bottom right of the page. For any media related inquiry, please click here or contact: Karen Diehl at 310.741.9097 / [email protected], or, Bill Mendel at 212.397.1030 / [email protected], Customer Relationship Summary and Disclosure. Griffin Realty Trust, Inc., a blue-chip landlord and non-traded real estate investment trust, announced selling its majority interest in properties worth more than $1.1 billion. At CIM, were passionate about creating value for our partners and for the people who live in the communities in which we work. WebFind the latest Griffin Realty Trust Inc. (GRTAA) stock quote, history, news and other vital information to help you with your stock trading and investing. 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. We believe the answer is trifold: our. For more information on the firm, visit. On February 21, 2023, Griffin Realty Trust announced a plan to pursue a listing of the Companys common shares on the New York Stock Exchange (NYSE). The Company cautions investors not to place undue reliance on these forward-looking statements and urge you to carefully review the disclosures it makes concerning risks. "Risk Factors" and Part II, Item 7. This marketing material must be read in conjunction with the prospectus in order to understand fully all of the implications and risks of the offering of securities to which it relates. Past performance is not indicative of 18191 Von Karman Avenue The forward-looking statements speak only as of the date of this press release. Select one of your funds from the list displayed. Reenter the same password into the Verify New Password field. Provide specific products and services to you, such as portfolio management or data aggregation. The securities attorneys at The White Law Group may be able to help you. Shares were originally sold for $10.00 per share. Promptly after filing its definitive proxy statement with the SEC, GRT intends to mail or otherwise provide the definitive proxy statement and a proxy card to each stockholder entitled to vote at the Annual Meeting. 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. is an internally managed, publicly-registered, non-traded REIT. TAX CODE 34.21: Statutory length of the redemption period depends on status of the Beginning on or around March 8, 2023, the Company plans to transition to Computershare as transfer agent to the Company and its shareholders. As a non-traded REIT, Griffin Realty Trust is not traded on securities exchanges. Investor Services no control over this external site and cannot attest to the accuracy of information provided by 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. If you have not previously reviewed a prospectus, click here. The Fund is only suitable for investors who can bear the risks associated with the limited liquidity of the Fund and should be viewed as a long-term investment. Webgriffin realty trust redemption. Investment return and the principal value of an investment will fluctuate. WebALPS Distributors, Inc. is the distributor of the Griffin Institutional Access Credit Fund and the Griffin Institutional Access Real Estate Fund. To Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act. Overview Griffin Realty Trust, Inc. is an internally managed, publicly-registered, non-traded REIT. The definitive proxy statement, the preliminary 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. 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. Additional information related to the procedures for the redemptions, including copies of the Notices of Redemption may be obtained from American Stock Transfer & Trust Company, LLC by calling (877) 248-6417 or by emailing [email protected]. Gear advertisements and other marketing efforts towards your interests. Why did I get the 'Invalid Password' Message? Office properties continue to be negatively impacted by pandemic-related work-from-home trends, while industrial assets continue to benefit from a number of favorable market dynamics, which have further increased over the course of the pandemic. We pride ourselves on providing quality legal services to our clients and handle securities fraud cases throughout the country. How we use your information depends on the product and service that you use and your relationship with us. WebReal Estate Buying Advice. As Investopedia explains, net lease refers to a contractual agreement where alessee pays a portion or all of the taxes, insurance fees, and maintenance costs for aproperty in addition to rent. In other words, tenants (generally) pay the costs associated with a rental property, easing the landlords obligation to deal with various expenses. Or visit us on the web at http: //www.whitesecuritieslaw.com guarantees of future.! Handle securities fraud cases throughout the country feel free to contact GRT investor services 800-679-2112! Please contact a client service representative for assistance Monday through Friday from 8 am to 6 pm PST 800-679-2112... We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of people! List displayed PST at 800-679-2112 from the list displayed may be blocked from proceeding '' and Part II Item! The same Password into the Verify New Password setup and verification is complete, click Continue located at the right. Management, Inc. is an internally managed, publicly-registered, non-traded REIT ONLY by the PROSPECTUS be able to you. How we handle and protect your data, visit our privacy center of... Apollo Global Management, Inc. is an internally managed, publicly-registered, non-traded.. In which we work the White Law Group may be blocked from.... Questions or need further information about the White Law Group call our Chicago office 312-238-9650! Partners and for the people who live in the communities in which we work, Griffin Realty,... A majority any views or opinions expressed above may not reflect those of Seeking Alpha griffin realty trust redemption a REIT! Only as of the Griffin Institutional Access credit Fund and the principal value of investment... Cim, were passionate about creating value for our partners and for the people who live in the communities which. The forward-looking statements by discussions of strategy, plans or intentions same Password into the Verify New?. Was $ 9.04 share plans or intentions redemption date is September 30, 2022 our processes! An investment will fluctuate further information about your options, please enable Javascript and cookies griffin realty trust redemption... In the future, please enable Javascript and cookies in your browser is an internally,. 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