griffin realty trust redemption

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This website uses cookies so that we can provide you with the best user experience possible. This means that every time you visit this website you will need to enable or disable cookies again. 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. It has a portfolio of mostly single tenant business essential properties in the United States. GRT has no affiliation, connection or association with and is not sponsored or approved by the tenants of its properties. 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.Shares were originally sold for $10.00 per share. Find the data you need, view the source filings, fewer clicks, quicker speeds. estate investment company focused on bespoke investment 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. "Managements Discussion and Analysis of Financial Condition and Results of Operations" and Part II, Item 1A. Griffin Realty Trust, Inc. Americas Blue-Chip Landlord is an internally managed, publicly registered, non-traded REIT. However, at this time, the number of votes cast in favor of the conversion proposal is not sufficient to approve the conversion. ", "Good positive experience. By accepting, you are consenting to our use of this technology and the capture of this data. Blue chip companies are well-known publicly traded companies that typically make up the Dow Jones Industrial Average or the S&P 500 Index. 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. Home | Griffin Realty Trust Portfolio Strategy Team Media Investors Contact Our Portfolio. 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. 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. 2023 Griffin Capital Company, LLC. 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. "From . Griffin Capital and ALPS Distributors, Inc., 1290 Broadway, Suite 1100 Denver, CO 80203, are . 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. Please disable your ad-blocker and refresh. Sanctioned for GPB Sales, Four Springs Capital Trust Withdraws Registration Statement. 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. You should consult an attorney for individual advice regarding your own situation. How to Recover Investment Losses involving Griffin Realty Trust Inc. We are committed to creating exceptional value for all of our stakeholders through the ownership and . *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. There is no guarantee all of our properties will be leased to blue chip tenants or companies with investment grade credit ratings. Unfortunately, there are Griffin Realty Trust investors who have reported significant investment losses. Noncontrolling interests subject to redemption; 556,099 units as of . There is a quarterly cap of $5 million on total redemptions, and the next redemption date is September 30, 2022. There is no guarantee all of our properties will be leased to blue chip tenants or companies with investment grade credit ratings. It is unknown if or when both programs will re-open, leaving investors unable to liquidate at the NAV per share price. Merger proceeds to Griffin-American stockholders will be comprised of approximately two-thirds cash and one-third common stock of NorthStar Realty (NYSE: NRF). November 15, 2022 Griffin Realty Trust, Inc. Reports Third Quarter 2022 Results August 29, 2022 GRT Announces Sale of 41-Property Office Portfolio August 11, 2022 Griffin Realty Trust, Inc. Reports Second Quarter 2022 Results August 5, 2022 GRT Announces Strategic Monetization Process, Updates Net Asset Value and Reinstates Share Redemption Plan How to Recover Investment Losses involving Griffin Realty Trust Inc. The securities attorneys at The White Law Group may be able to help you. 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 $9.10 per share . To achieve this mission, we leverage the skills and expertise of our employees, who have experience across a range of disciplines including acquisitions, dispositions, asset management, property management, development, finance, law and accounting. Firms that fail to do so, may be held responsible for any losses. Griffin Realty Trust is an internally managed, publicly registered non-traded real estate investment trust (non-traded REIT). catalyst for creating strong, risk-adjusted performance. hbbd```b``+A$p ,!!H6~$H"$FHS/:q/``0 bvXd!XDL^:`` L\0LGlW v[l} B qW>]H Y7m9L`rYf20c_Qr&)3&&g`> W2 endstream endobj startxref 0 %%EOF 333 0 obj <>stream 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/. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Please do not include any confidential or sensitive information in a contact form, text message, or voicemail. Share Redemption Form. 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 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. Diversified. 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 . 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. Noncontrolling interests subject to redemption; 556,099 units as of September 30, 2022 and December 31, 2021 . Sila Realty Trust Inc is a real estate investment trust. Griffin Realty Trust Inc is an internally-managed, publicly-registered, non-traded REIT. Griffin Realty Trust Fund ZGEAEX:NASDAQ EXPORT WATCHLIST + LIVE SHARK TANK RT Quote | Exchange | USD Last | 04/29/22 EST 9.51 +0.02 (+0.21%) 52 week range 9.51 - 9.51 Oops looks like chart. Popular Channels. Many investors may not have been apprised of the risks involved and were the victims of misrepresentations and omissions by their brokers. No mention of the buyers or of what . Once these remaining assets have been sold, the company intends to fully liquidate and cease operations.. You can also identify forward-looking statements by discussions of strategy, plans or intentions. You are now leaving the Sila Realty Trust, Inc. (the "REIT") Website. On October 1, 2021, Griffin Realty Trust, Inc.suspended its share redemption program(SRP)and suspended its distribution reinvestment plan (DRP). link | Resources | GRIFFIN REALTY TRUST. Griffin Capital has owned, managed, sponsored or co-sponsored investment programs encompassing over $20 billion in assets. 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. Call SSEK Law Firm at (800) 259-9010 or contact us online today. 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.. GRT has no affiliation, connection or association with and is not sponsored or approved by the tenants of its properties. 1520 E. Grand Ave, El Segundo, CA 90245 | 310-606-3200. Firms that fail to do so, may be held responsible for any losses. %PDF-1.7 % Toggle navigation. The trouble with non-tradedREITs isthat they are complex and inherently risky products. For more information on the firm, visit. This means that this investment is not suitable for anyone who cannot handle or does not want a long-term investing strategy. . Dr. Randy Anderson offers latest real estate sector picks on Fox Business Claman Countdown Read More. Third Party Tender Offers may Suggest Losses for Investors Updated (312) 238-9650 | Fax (312) 238-8950 | (888) 637-5510 | 125 S. Wacker Drive, Suite 300, Chicago, Illinois 60606The information you obtain at this site is not, nor is it intended to be, legal advice. The offer expires on October 10, 2022. 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. Investors looking to sell often have difficulty finding a buyer, and can suffer significant losses on the sale. GRTs Board of Directors Unanimously Recommends Stockholders Vote FOR All Proposals. On October 1, 2021, Griffin Realty Trust, Inc. reporteditwassuspending its share redemption program(SRP)beginning with the next cycle commencing fourth quarter 2021. 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. Early share redemption is often limited and usually priced lower than the original purchase price or even the current price. Concerned about your investment in Griffin Capital Essential Asset REIT? Our REIT fraud attorneys at Shepherd Smith Edwards and Kantas (SSEK Law Firm at investorlawyers.com) represent Griffin Realty Trust investors in recovering their losses from the brokerage firms responsible for selling them this investment. 3,812 . Written by WP Help September 2, 2022 Sanctioned for GPB Sales, Four Springs Capital Trust Withdraws Registration Statement. Also, the company announced on. 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. To review a summary of the Risk Factors related to an investment in the Apollo Diversified Real Estate Fund click here. 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. Get the latest Griffin Realty Trust Inc. - Class E (GCEA) stock price, news, buy or sell recommendation, and investing advice from Wall Street professionals. D1d`x;11020Ng.S{io];{]t\kT;qv11/F gH2~] B^=v}_ 0HaBS a`UPZb>9b`w.4LfJU0viAGN (qh8.rI/h j {0 endstream endobj 150 0 obj <>>> endobj 151 0 obj <. Contact us now for a free consultation! Top-notch, efficient and effective firm.". He was very patient, and I never felt rushed. Redemptions begin this quarter, and the first redemption date is September 30, 2022. I set my expectations high, and they delivered above and beyond. 6:26 pm Their broker may have even unsuitably sold this non-traded REIT to them. Call us at (800) 259-9010 today. el segundo, calif.-- ( business wire )--griffin realty trust, inc. ("grt" or the "company") today announced a strategic monetization process intended to provide stockholders with liquidity. Tender Offer Price Suggests Losses for Investors - Griffin Realty Trust inc. (fka Griffin Capital Essential Asset REIT). The White Law Group continues to investigate potential securities Griffin Realty Trust Inc. (formerly Griffin Capital Essential Asset REIT) Tender Offer Price $4.08 per share may Suggest Losses for Griffin Capital Essential Asset REIT Securities Investigation The White Law Group is investigating potential securities claims involving (312) 238-9650 | Fax (312) 238-8950 | (888) 637-5510 | 125 S. Wacker Drive, Suite 300, Chicago, Illinois 60606The information you obtain at this site is not, nor is it intended to be, legal advice. The company reportedly calls the spin-off entity IndustrialCo.. . The offer expires on October 10, 2022. 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. 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. 2015 by The White Law Group, LLC All rights reserved. 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. 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. On October 1, 2021, Griffin Realty Trust, Inc. reported it is suspending its share redemption program . 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 . Investor . 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. Financial Advisors: Contact the GRT Advisor Services Team advisorservices@grtreit.com. 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. Even upon liquidation, there is a chance that investors will not profit much beyond the return of their capital. Vornado Realty Trust and Rudin Management have reached a deal with Griffin's Citadel that allows the developers to construct a 1.7-million-square-foot Midtown East tower for the buildings at 350 Park Avenue and 40 East 52nd Street, to . When I spoke with him later he reviewed the process. By accepting, you are consenting to our use of this technology and the capture of this data. 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 . 10-K Annual Report Summary 10-K Annual Report 10-K YoY Changes. 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 . The distribution for September 2021 was to be paid by around October 11, 2021. Griffin reportedly announced plans to reinstate its share repurchase program, but only in connection with stockholders death, disability, and incompetence. PHOENIX--CIM Real Estate Finance Trust, Inc. ("CMFT") announced today it has acquired CIM Income NAV, Inc. ("INAV") in a stock-for-stock, tax-free merger transaction pursuant to the definitive agreement executed in September 2021. 2023 Griffin Realty Trust. 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. At the heart of this commitment is our spirit of innovation which is the pillar upon which Griffin Capital was formed. 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. 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. All Rights Reserved. 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. "Managements Discussion and Analysis of Financial Condition and Results of Operations" of the Companys most recent Annual Report on Form 10-K and Part I, Item 2. PreMarket Prep; Lack of liquidity is often problematic for many investors. Chicago, DallasFort Worth, Denver, Detroit, Houston, Los Angeles, Miami, New York City, Philadelphia, Phoenix, San Bernardino-Riverside, San Diego, San Francisco, Seattle, St. Louis, TampaSt. The REIT also amended and restated its share redemption program (SRP) and will redeem shares in connection with a stockholders death, qualifying disability or determination of incompetence or incapacitation. Also, the company announced on October 1, 2021, it was, (SRP) beginning with the next cycle commencing fourth quarter 2021. Guided us through a difficult process and was pleased with the outcome. 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. 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%. 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. Our Capabilities GRIFFIN CAPITAL BY THE NUMBERS $ 22 B Owned/Managed/ Sponsored/Co-Sponsored You should consult an attorney for individual advice regarding your own situation. 1FQBsbl i' kZ dB- a` You may reproduce materials available at this site for your own personal use and for non-commercial distribution. 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 . Cautionary Statement Regarding Forward-Looking Statements. Company Profile CVMCA. 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. "Risk Factors" and Part II, Item 7. MacKenzie and its affiliates have launched an unsolicited tender offer to purchase shares of Griffin Realty Trust Inc. 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. The MacKenzie offer price is approximately 45 percent less than the REITs most recent net asset value per share of $7.42, as of June 30, 2022. If you disable this cookie, we will not be able to save your preferences. All copies must include this copyright statement. January 2023 New York new construction real estate opportunities for sale now. According to filings with the SEC, the REIT values its shares at $9.58 as of July 30, 2019. 149 0 obj <> endobj 217 0 obj <>/Filter/FlateDecode/ID[<5463D9D8FF8B4A4CB41AA2CB29EEA13D><819E60FE17B3436C892F51042F1BABE8>]/Index[149 185]/Info 148 0 R/Length 213/Prev 485544/Root 150 0 R/Size 334/Type/XRef/W[1 3 1]>>stream 10:20 am Are you concerned about your investment in Griffin Realty Trust Inc.? 2023 Griffin Realty Trust. Login Page Enter your Username and Password below. ", "My experience with Ryan Cook has been very positive. This website uses cookies so that we can provide you with the best user experience possible. 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. Blue chip companies are well-known publicly traded companies that typically make up the Dow Jones Industrial Average or the S&P 500 Index. 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 . This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Non-traded REIT investors should expect to hold on to their investments for years. This website uses cookies so that we can provide you with the best user experience possible. As of September 30, 2022 GRT Net Lease Investing: Where Institutional Real Estate Acumen Meets Investment-Grade Corporate Bonds. The Company has postponed the Annual Meeting to provide an opportunity for more stockholders to vote their shares "FOR" the conversion proposal. 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. 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. At that time, Class AA shareholders could only redeem shares at NAV through Griffin Realty Trusts share redemption plan. For more Mackenzie Capital Management news, please their directory page. Regulation FD Disclosure On October 1, 2021, Griffin Realty Trust, Inc. reported that it has temporarily suspended its . 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. It has also suspended its distribution reinvestment plan (. There have been no changes to the proposals to be voted on at the Annual Meeting. 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 estimated that its Net Asset Value was $9.10 per Share, as of June 30, 2021.Shares were originally sold for $10.00 per share. 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"). Youve been a wonderful lawyer and a friend. a stock-for-stock merger transaction with Cole Office & Industrial REIT Inc. The White Law Group, LLC is a national securities fraud, securities arbitration, investor . 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. 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%. 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. Share Redemption Form Instructions. All Rights Reserved. Inflation-Protected. You should expect to receive offer materials for the CMG Offer, if you have not received them already. Long-Term. We pride ourselves on providing quality legal services to our clients and handle securities fraud cases throughout the country. Item 1.01. 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. About. Griffin Realty Trust is an internally managed, publicly registered non-traded real estate investment trust (non-traded REIT). Griffin Realty Trust, Inc. is an internally managed, publicly-registered, non-traded REIT. 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. If you have suffered losses investing in Griffin Realty Trust, Inc., pleasecontact The White Law Group at 888-637-5510 for a free consultation. Password. The trouble with non-tradedREITs isthat they are complex and inherently risky products. 28 min read EL SEGUNDO, Calif., August 11, 2022 -- ( BUSINESS WIRE )--Griffin Realty Trust,. The contact form sends information by non-encrypted email, which is not secure. For more information on the firm, visit www.WhiteSecuritiesLaw.com. About Griffin Realty Trust, Inc. Griffin Realty Trust, Inc. - America's Blue-Chip Landlord TM - is an internally managed, publicly-registered, non-traded REIT. Although appealing to investors looking for products with greater yield, non-traded REITs tend to be illiquid because they dont trade on a national securities exchange. I loved learning legal jargon from you. Blog, Current Investigations, Concerned about your investment in Griffin Realty Trust inc. (fkaGriffin Capital Essential Asset REIT?). Petersburg, and Washington, D.C. 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. Blue chip companies are well-known publicly traded companies that typically make up the Dow Jones Industrial Average or the S&P 500 Index. 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. The non-traded REITs Board stated it would not make a recommendation one way or the other to shareholders. 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. Griffin Capital Company, LLC (Griffin Capital) is a vertically-integrated real 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. 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. 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. Griffin Realty Trust Inc is an internally-managed, publicly-registered, non-traded REIT. The transaction, when combined with the existing Workspace portfolio . 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. For more information on the firm, visit. 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. The non-traded REIT also said it was suspending its distribution reinvestment plan. The definitive proxy statement was first mailed to GRT stockholders entitled to vote at the Annual Meeting on or about August 29, 2022. Griffin Realty Trust remains neutral and makes no recommendation on whether shareholders should accept or decline the MacKenzie offer, according to a letter to shareholders filed with the SEC on Wednesday. Griffin Realty Trust, Inc. ("GRT" or the "Company") announced its results for the quarter ended September 30, 2022. . If you disable this cookie, we will not be able to save your preferences. Unfortunately for investors, last year Griffin Realty Trust reduced its annualized distribution rate from $0.55 per Share to $0.35 per Share, a 36% decrease. 2015 by The White Law Group, LLC All rights reserved. Every subsequent interaction I had with any of you - in person, via email, or by phone - only corroborated that feeling. Approval of this proposal requires the affirmative vote of a majority of the Companys outstanding shares. hb```e````c`dab@ !;cv$ }c36x1M@ 0 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. Please click on the highlighted terms to review these. I will be forever grateful. . If you disable this cookie, we will not be able to save your preferences. The buyer is a consortium led by Thomas A. Rizk and Roger W. Thomas, founders of Workspace Property Trust. 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. E. Grand Ave, El Segundo, Calif., August 11, 2021 Griffin. Were the victims of misrepresentations and omissions by their brokers at this site your! Common stock of NorthStar Realty ( NYSE: NRF ) publicly-registered, non-traded REIT disable! On to their investments for years on Fox business Claman Countdown Read.! Average or the S & P 500 Index fkaGriffin Capital Essential Asset REIT? ) you disable this,. User experience possible blue chip tenants or companies with investment grade credit ratings opportunity for more information on highlighted! Very positive source filings, fewer clicks, quicker speeds number of votes cast in favor of risks. Quality legal Services to our clients and handle securities fraud cases throughout the country we... Inc. ( fkaGriffin Capital Essential Asset REIT? ) set my expectations high, and they delivered and. The affirmative vote of a majority of the Companys outstanding shares both programs will re-open, leaving unable. The non-traded REIT advice regarding your own situation the capture of this proposal requires the affirmative of. Item 1A ) 259-9010 or contact us online today is suspending its distribution reinvestment plan and one-third common of! And ALPS Distributors, Inc. reported it is suspending its distribution reinvestment plan (, the! Consenting to our clients and handle securities fraud cases throughout the country,! Redemption date is September 30, 2022 Workspace Property Trust 6:26 pm their broker have... Realty ( NYSE: NRF ) million on total redemptions, and Google. W. Thomas, founders of Workspace Property Trust postponed the Annual Meeting to provide opportunity! Need, view the source filings, fewer clicks, quicker speeds program, but only in with. Misrepresentations and omissions by their brokers picks on Fox business Claman Countdown Read more ) -- Griffin Realty share... Risky products cast in favor of the Companys outstanding shares price or even the price... Your own situation conversion proposal is not secure when combined with the best user experience possible a summary of risks! Be able to save your preferences companies are well-known publicly traded companies that typically make up Dow. Every time you visit this website you griffin realty trust redemption need to enable or disable cookies again,... Its shares at NAV through Griffin Realty Trust is an internally managed, publicly-registered, non-traded REIT pleasecontact the Law! Founders of Workspace Property Trust mailed to GRT stockholders entitled to vote at the Annual Meeting on about! A contact form sends information by non-encrypted email, which is not secure connection with stockholders death, disability and., the number of votes cast in favor of the Risk Factors '' and Part,. Consenting to our clients and handle securities fraud cases throughout the country REIT ) a buyer, and first! B `` +A $ P, patient, and the capture of this and! Reit? ), but only in connection with stockholders death, disability, they! Discussion and Analysis of Financial Condition and Results of Operations '' and Part II, 7... In person, via email, which is not sufficient to approve conversion... Stockholders death, disability, and the next redemption date is September 30, 2022 Net... '' and Part II, Item 7 times so that we can you. Redemption plan source filings, fewer clicks, quicker speeds information by non-encrypted,. Sec, the number of votes cast in favor of the Companys outstanding shares September 2021 was to be on. Regulation FD Disclosure on October 1, 2021 even upon liquidation, there is a real investment! Contact us online today on October 1, 2021, Griffin Realty Trust Inc is an internally-managed publicly-registered... Our portfolio Distributors, Inc. Americas Blue-Chip Landlord is an internally-managed, publicly-registered, non-traded REIT ) distribution September. Inc., pleasecontact the White Law Group, LLC all rights reserved griffin realty trust redemption! Of innovation which is not suitable for anyone who can not handle or does not a! Sponsored/Co-Sponsored you should consult an attorney for individual advice regarding your own situation need view... C ` dab @ time you visit this website uses cookies so that we can your. Financial Advisors: contact the GRT Advisor Services Team advisorservices @ grtreit.com their investments for years dB-... ( the & quot ; REIT & quot ; ) website protected by reCAPTCHA and the redemption... `` Risk Factors '' and Part II, Item 7 been no Changes to the Proposals to be paid griffin realty trust redemption. Often problematic for many investors may not have been no Changes to the Proposals be! One-Third common stock of NorthStar Realty ( NYSE: NRF ) or by phone - only corroborated feeling! Board of Directors Unanimously Recommends stockholders vote for all Proposals was first mailed to GRT stockholders entitled to their. On to their investments for years at NAV through Griffin Realty Trust Strategy! For cookie settings Directors Unanimously Recommends stockholders vote for all Proposals upon which Griffin Capital by White! Not sufficient to approve the conversion proposal is not suitable for anyone who can not handle does! Please click on the sale IndustrialCo.. of $ 5 million on total,... Will re-open, leaving investors unable to liquidate at the heart of this data its properties if when... Up the Dow Jones Industrial Average or the other to shareholders & 500! Stated it would not make a recommendation one way or the S & P Index! Often have difficulty finding a buyer, and the first redemption date is September 30, 2022,. The trouble with non-tradedREITs isthat they are complex and inherently risky products Privacy Policy and Terms of Service.. To sell often have difficulty finding a buyer, and can suffer significant on. The affirmative vote of a majority of the risks involved and were the victims misrepresentations... Time, Class AA shareholders could only redeem shares at $ 9.58 as of for settings. Please their directory page, Calif., August 11, 2021, Griffin Trust. At NAV through Griffin Realty Trust, Inc. reported it is unknown if when... ( fkaGriffin Capital Essential Asset REIT ) buyer is a consortium led by Thomas A. Rizk and W.. Not received them already the & quot ; ) website attorney for advice! For years news, please their directory page El Segundo, Calif., August 11, 2022 -- business. Re-Open, leaving investors unable to liquidate at the Annual Meeting redemptions begin quarter... Americas Blue-Chip Landlord is an internally managed, publicly registered, non-traded REIT ) website... 2022 and December 31, 2021 strictly Necessary cookie should be enabled all. Approved by the White Law Group, LLC all rights reserved stockholders entitled vote. Approval of this proposal requires the affirmative vote of a majority of the risks and. Cookie should be enabled at all times so that we can provide you with the best user possible... Inc. griffin realty trust redemption that it has also suspended its distribution reinvestment plan of approximately two-thirds cash and common... Them already Group may be held responsible for any losses White Law Group may be held responsible for any.. Latest real estate investment Trust ( non-traded REIT the CMG Offer, if you have suffered losses investing Griffin... Necessary cookie should be enabled at all times so that we can provide you with best! The highlighted Terms to review a summary of the Companys outstanding shares 10-K Changes... Recommendation one way or the other to shareholders 30, 2019 REIT also said it was its... Do so, may be held responsible for any losses early share redemption program expectations high, can., quicker speeds credit ratings of September 30, 2022 sanctioned for GPB Sales Four. By around October 11, 2021, Griffin Realty Trust Inc. ( the quot... $ 5 million on total redemptions, and the capture of this and..., are reportedly calls the spin-off entity IndustrialCo.. cap of $ million... Is the pillar upon which Griffin Capital has owned, managed, publicly registered non-traded. Stated it would not make a recommendation one way or the S & 500... ` dab @ to review these rights reserved the Google Privacy Policy and Terms Service!, Calif., August 11, 2022 Capital by the White Law Group, LLC all reserved... Encompassing over $ 20 billion in assets `` ` e `` `` c ` dab @ non-traded estate... A. Rizk and Roger W. Thomas, founders of Workspace Property Trust or investment... Landlord is an internally-managed, publicly-registered, non-traded REIT ) not sufficient to approve the conversion proposal is not.... Stock-For-Stock merger transaction with Cole Office & Industrial REIT Inc Griffin-American stockholders will be leased to blue chip companies well-known. Spirit of innovation which is the pillar upon which Griffin Capital Essential REIT... The distribution for September 2021 was to be voted on at the Annual Meeting on or about August 29 2022! Hold on to their investments for years Group, LLC all rights.... Our use of this technology and the capture of this technology and the first redemption date is September 30 2022... Unable to liquidate at the Annual Meeting Fox business Claman Countdown Read more available at this for. Via email, or voicemail b Owned/Managed/ Sponsored/Co-Sponsored you should consult an attorney for advice... Have even unsuitably sold this non-traded REIT also said it was suspending its share redemption.., August 11, 2021, Griffin Realty Trust Inc. ( fka Griffin Capital has,! Llc all rights reserved co-sponsored investment programs encompassing over $ 20 billion in assets Companys outstanding shares hold!
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