Investors looking to sell often have difficulty finding a buyer, and can suffer significant losses on the sale. 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. Griffin Capital Essential Asset REIT, Inc. - Regulation FD Disclosure, Entry into a Material Definitive Agreement, Financial Statements and Exhibits, Other Events - FORM 8-K - 8-K - February 15, 2013 Call us at (800) 259-9010 today. How to Recover Investment Losses involving Griffin Realty Trust Inc. Griffin Capital Essential Asset REIT, Inc is a public non-listed REIT focused on acquiring business essential single-tenant office and industrial properties net leased for long duration to creditworthy corporate tenants. 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. On September 1, CMG Partners LLC and its affiliates reportedly extended an unsolicited tender offer to purchase up to 500,000 Class E shares of the non-traded REIT, for $3.76 per share in cash. link | Resources | GRIFFIN REALTY TRUST. The CMG offer price of $3.76 per share is approximately 49 percent less than the most recently published NAV for Class E shares of $7.43 as of June 30, 2022. It has also suspended its distribution reinvestment plan (. You should consult an attorney for individual advice regarding your own situation. Investor . It has also suspended its distribution reinvestment plan (DRP), and the current monthly distribution for September 2021. Share Redemption Form. The . 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. 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%. MacKenzie Launches Unsolicited Tender Offer for Griffin Realty Trust Shares, Click here to subscribe to our Daily News Updates, Greenbacker Renewable Energy Company Increases Monthly Share Value, Blackstone Private Credit Fund Increases Regular Monthly Distribution, Bluerock Raises Record $4 Billion of Investor Capital in 2022, MacKenzie Realty Capital Increases Quarterly Dividend Again, Cerity Completes Third RIA Acquisition in January, Adding $8.6 Billion in AUM. Griffin Realty Trust, Inc. - America's Blue-Chip LandlordTM - is an internally managed, publicly-registered, non-traded REIT. About Griffin Realty Trust, Inc. Griffin Realty Trust, Inc. - America's Blue-Chip Landlord TM - is an internally managed, publicly-registered, non-traded REIT. You are now leaving the Sila Realty Trust, Inc. (the "REIT") Website. If you have suffered losses investing in Griffin Realty Trust, Inc., please contact The White Law Group at 888-637-5510 for a free consultation. Information about GRTs directors and executive officers and their ownership of GRT securities is set forth in GRTs definitive proxy statement for the Annual Meeting on Schedule 14A filed with the SEC on August 29, 2022. 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. "From . 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 . 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. Entry into a Material Definitive Agreement On July 14, 2021, Griffin Realty Trust, Inc. (the "Registrant"), through GRT OP, L.P. (the "Operating Partnership"), as borrower, certain subsidiaries of the Operating Partnership party thereto as guarantors, various lending institutions and KeyBank National Association, as administrative agent, entered into the Third Amendment (the "Third . Share Redemption Form Instructions SEC Filings https://www.sec.gov Investor Forms and Login Investor Forms Investor Login Contact Us Stockholders/Investors: Contact the Investor Relations Team investorservices@grtreit.com or 800-679-2112 Financial Advisors: Contact the GRT Advisor Services Team advisorservices@grtreit.com. There is no guarantee all of our properties will be leased to blue chip tenants or companies with investment grade credit ratings. 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. Noncontrolling interests subject to redemption; 556,099 units as of . The company reportedly calls the spin-off entity, Potential Lawsuits to Recover Financial Losses. For more information on the firm, visit. Written by The White Law Group October 6, 2021 Find the latest performance data chart, historical data and news for Griffin Capital Essential Asset REIT II, Inc. Class E Shares (ZGEAEX) at Nasdaq.com. The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Seattle, Washington. This means that every time you visit this website you will need to enable or disable cookies again. 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. Contact Shepherd Smith Edwards & Kantas, LLP, NorthStar Financial Services (Bermuda) - Learn More Here. There is a quarterly cap of $5 million on total redemptions, and the next redemption date is September 30, 2022. Everyone I dealt with was exceptional. 10-K Annual Report Summary 10-K Annual Report 10-K YoY Changes. 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. About. Additional information is available at www.grtreit.com. Diversified. Pursuant to the terms of the merger agreement, NorthStar Realty acquired all of the outstanding shares of Griffin-American in a stock and cash transaction valued at $4 billion. We pride ourselves on providing quality legal services to our clients and handle securities fraud cases throughout the country. The non-traded REITs Board stated it would not make a recommendation one way or the other to shareholders. There is no guarantee all of our properties will be leased to blue chip tenants or companies with investment grade credit ratings. The Board of Directors of the REIT authorized the suspension in light of certain strategic initiatives that the REIT currently is pursuing. 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. Market-leading rankings and editorial commentary - see the top law firms & lawyers for Real estate investment trusts (REITs) in United States Login Page Enter your Username and Password below. Griffin Capital Company uses 'cookies' and processes data like IP-addresses or browser information to help us compile aggregate data about site traffic and site interaction so that we can offer better user experiences. Go Back Recent News Once these remaining assets have been sold, the company intends to fully liquidate and cease operations.. 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. It owns and operates an institutional-quality portfolio of net-leased office and industrial assets.. For more information on the firm, visit www.WhiteSecuritiesLaw.com. 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. Griffin Realty Trust, Inc. is an internally managed, publicly-registered, non-traded REIT. "Risk Factors" and Part II, Item 7. 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. 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 <. 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. On October 1, 2021, Griffin Realty Trust, Inc. (SRP)and suspended its distribution reinvestment plan (DRP). 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. I have already told friends how wonderful he is. It has a portfolio of mostly single tenant business essential properties in the United States. In filings with the Securities and Exchange Commission (SEC), Griffin Realty Trust said it was suspending publishing its NAV per share of common stock every quarter because of strategic initiatives.. Griffin Capital Company, LLC (Griffin Capital) is a vertically-integrated real estate investment company focused on bespoke investment strategies underpinned by durable secular growth themes as a catalyst for creating strong, risk-adjusted performance. How to Recover Investment Losses involving Griffin Realty Trust Inc. Do not miss the opportunity to let SSEK represent you. Last August, Everest REIT Investors I LLC, a private real estate investment firm, extended an offer to purchase shares of Griffin Capital Essential Asset REIT, Inc. at a purchase price of $7.20 per share. The 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. "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. The remaining portfolio, comprised primarily of office assets, will be sold over time, with the net proceeds distributed to stockholders. All Rights Reserved. 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. Please. The MacKenzie offer price is approximately 45 percent less than the REITs most recent net asset value per share of $7.42, as of June 30, 2022. 3,812 . November 15, 2022 Griffin Realty Trust, Inc. Reports Third Quarter 2022 Results August 29, 2022 GRT Announces Sale of 41-Property Office Portfolio August 11, 2022 Griffin Realty Trust, Inc. Reports Second Quarter 2022 Results August 5, 2022 GRT Announces Strategic Monetization Process, Updates Net Asset Value and Reinstates Share Redemption Plan Griffin Realty Trust, Inc. (Exact name of registrant as specified in its charter) Commission File Number: 000-55605 Maryland 46-4654479 (State or other jurisdiction of incorporation) (IRS. The REIT also noted that it has temporarily suspended its quarterly publishing of net asset value per share of common stock due to certain strategic initiatives that the REIT currently is pursuing, according to filings with the SEC. The Company owns and operates a . . This link is being provided as a convenience and for informational purposes only; it does not constitute an endorsement or an approval by the REIT of any of the products, services or opinions of the corporation or organization or individual. hbbd```b``+A$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 EL SEGUNDO, Calif.-- ( BUSINESS WIRE )--Griffin Capital Essential Asset REIT, Inc. (the " Company "), a fully-integrated and internally-managed net lease REIT, today announced a corporate. This comes after the companycompleteda stock-for-stock merger transaction with Cole Office & Industrial REIT Inc. 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. There is no guarantee all of our properties will be leased to blue chip tenants or companies with investment grade credit ratings. Griffin Realty Trust, Inc. ("GRT"), at a price of $3.40 per share in cash (the "CMG Offer"). It has a portfolio of mostly single tenant business essential properties in the United States. Dr. Randy Anderson offers latest real estate sector picks on Fox Business Claman Countdown Read More. 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. Toggle navigation. 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. Approval of this proposal requires the affirmative vote of a majority of the Companys outstanding shares. For more information on the firm, visitwww.WhiteSecuritiesLaw.com. Guided us through a difficult process and was pleased with the outcome. Find the data you need, view the source filings, fewer clicks, quicker speeds. 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 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. Griffin Realty Trusts estimated net asset value (NAV) was $9.04 share. At the time, the current net asset value (NAV) of Class E Common Stock was $8.97/share. GRT has no affiliation, connection or association with and is not sponsored or approved by the tenants of its properties. 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. Be sold over time, the current monthly distribution for September 2021 primarily office... Cases throughout the country have already told friends how wonderful he is leaving the Sila Realty Trust Inc. not... Let SSEK represent you sell often have difficulty finding a buyer, and can suffer significant Losses on the.. 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