GRT has not approved or sponsored its tenants or their products and services. 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. The White Law Group, LLC is a national securities fraud, securities arbitration, investor . Griffin Realty Trust makes no recommendation on whether shareholders should accept or decline the CMG offer, according to a letter to shareholders filed with the SEC on Friday. The company reportedly calls the spin-off entity IndustrialCo.. 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. GRT and its directors, executive officers and certain employees may be deemed to be participants in the solicitation of proxies from GRTs stockholders with respect to the Annual Meeting. 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. 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. All Rights Reserved. catalyst for creating strong, risk-adjusted performance. 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. Tender Offer Price Suggests Losses for Investors - Griffin Realty Trust inc. (fka Griffin Capital Essential Asset REIT). 2023 Griffin Realty Trust. 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. Noncontrolling interests subject to redemption; 556,099 units as of . 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. Data as of December 31, 2022, unless otherwise noted. Griffin Realty Trust recently sold a majority interest in a 41-property office portfolio, consisting of 53 buildings and one land parcel, valued at $1.13 billion. "Managements Discussion and Analysis of Financial Condition and Results of Operations" and Part II, Item 1A. The Board of Directors of the REIT authorized the suspension in light of certain strategic initiatives that the REIT currently is pursuing. Griffin Realty Trust, Inc. (Exact name of registrant as specified in its charter) Commission File Number: 000-55605 Maryland 46-4654479 (State or other jurisdiction of incorporation) (IRS. How to Recover Investment Losses involving Griffin Realty Trust Inc. hbbd```b``+A$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 This means that every time you visit this website you will need to enable or disable cookies again. I set my expectations high, and they delivered above and beyond. All product and company names, logos and slogans are the trademarks or service marks of their respective owners. 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. Top-notch, efficient and effective firm.". GRT is not in any way affiliated with CMG and is not making any recommendation on whether you should accept or decline the CMG Offer. Griffin Realty Trust, Inc.'s latest 10-Q financial filing, filed on 2022-11-14. If you disable this cookie, we will not be able to save your preferences. 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. GRTs Board of Directors Unanimously Recommends Stockholders Vote FOR All Proposals. Investment Losses? Toggle navigation. Please disable your ad-blocker and refresh. 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 . 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. *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. All copies must include this copyright statement. In connection with the Annual Meeting, GRT filed a definitive proxy statement on Schedule 14A on August 29, 2022, with the Securities and Exchange Commission (the "SEC"). Written by WP Help September 2, 2022 For more information on the firm, visit www.WhiteSecuritiesLaw.com. With great appreciation, thank you! 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. Once these remaining assets have been sold, the company intends to fully liquidate and cease operations.. Call us at (800) 259-9010 today. For more information on the firm, visit. 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. The company notes that it plans to sell off the remaining office assetswhich would result in liquidation and cessation of the companys operations, with the spin-off entity surviving as a publicly-traded REIT. Creditworthy. 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. Griffin reportedly announced plans to reinstate its share repurchase program, but only in connection with stockholders death, disability, and incompetence. Call SSEK Law Firm at (800) 259-9010 or contact us online today. Based on preliminary estimates of the vote count, substantially more shares have been voted in favor of the conversion than against it. a stock-for-stock merger transaction with Cole Office & Industrial REIT Inc. Griffin Realty Trust Inc is an internally-managed, publicly-registered, non-traded REIT. Lack of liquidity is often problematic for many investors. 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 Company Profile CVMCA. About Griffin Realty Trust, Inc. Griffin Realty Trust, Inc. - America's Blue-Chip Landlord TM - is an internally managed, publicly-registered, non-traded REIT. This is the second unsolicited tender offer for shares of Griffin Realty Trust in recent days, following CMG Partners offer to purchase up to 500,000 Class E shares for $3.76 each. Password. 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. Accession Number: 0001600626-22-000131. If you have an ad-blocker enabled you may be blocked from proceeding. The remaining portfolio, comprised primarily of office assets, will be sold over time, with the net proceeds distributed to stockholders. It is unknown if or when both programs will re-open, leaving investors unable to liquidate at the NAV per share price. 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 $. 6:26 pm He was very patient, and I never felt rushed. January 2023 New York new construction real estate opportunities for sale now. 2015 by The White Law Group, LLC All rights reserved. View All Net Leased. 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. 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. 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. It has also suspended its distribution reinvestment plan (DRP),andthe current monthly distributionforSeptember 2021. 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. Share Redemption Form Instructions. 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. I loved learning legal jargon from you. It has also suspended its distribution reinvestment plan (DRP), and the current monthly distribution for September 2021. 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. 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. 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. "Risk Factors" of the Companys Quarterly Reports on Form 10-Q filed with the U.S. Securities and Exchange Commission. The forward-looking statements speak only as of the date of this press release. 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. Blue chip companies are well-known publicly traded companies that typically make up the Dow Jones Industrial Average or the S&P 500 Index. The Company owns and operates a . 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. Its initial offering price was $10/share. Computershare Alternative Investments 150 Royall Street, Suite 101 Canton, MA 02021 GRT has no affiliation, connection or association with and is not sponsored or approved by the tenants of its properties. Griffin Realty Trust Inc., a publicly registered non-traded real estate investment trust formerly known as Griffin Capital Essential Asset REIT, has temporarily suspended its quarterly publishing of net asset value per share, according to a filing with the Securities and Exchange Commission. For more information on the firm, visit. 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. 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. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. Everyone I dealt with was exceptional. Griffin Capital Company, LLC (Griffin Capital) is a vertically-integrated real 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. Firms that fail to do so, may be held responsible for any losses. 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%. 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 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. To learn more, see: Griffin Realty Trust Plans Spin-off, Liquidation as NAV Declines. Investors looking to sell often have difficulty finding a buyer, and can suffer significant losses on the sale. Contact us now for a free consultation! For more Mackenzie Capital Management news, please their directory page. Login Page Enter your Username and Password below. With our extensive knowledge and commitment to providing only the best and most timely information to our clients, we are your go-to source for real estate industry insight and advice. 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. 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. Merger proceeds to Griffin-American stockholders will be comprised of approximately two-thirds cash and one-third common stock of NorthStar Realty (NYSE: NRF). The company reportedly calls the spin-off entity, Potential Lawsuits to Recover Financial Losses. Griffin Realty Trust Inc. is a publicly registered, non-traded REIT. 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. Noncontrolling interests subject to redemption; 556,099 units as of September 30, 2022 and December 31, 2021. Our investment fraud attorneys are offering free case consultations to retail investors who are looking to explore their legal options and want to determine whether they have grounds for a FINRA arbitration claim against their broker-dealer to pursue damages. Investors looking to sell often have difficulty finding a buyer, and can suffer significant losses on the sale. Griffin Realty Trust (GRT) has sold a majority interest in a 41-property office portfolio, consisting of 53 buildings and one land parcel, valued at $1.132 billion. 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. Written by The White Law Group October 6, 2021 Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 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. Financial Advisors: Contact the GRT Advisor Services Team advisorservices@grtreit.com. 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. 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. All Rights Reserved. Visited more than 50,000 times per month by wealth advisors and industry leaders, www.TheDIWire.com is an invaluable resource for anyone interested in the illiquid alternative investment industry. GRIFFIN REALTY TRUST, INC. Net Debt (Pro Rata Share) as of September 30 . 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. Griffin Realty Trust, Inc. (GRTA) SEC Filing 10-K Annual Report for the fiscal year ending Friday, December 31, 2021. Guided us through a difficult process and was pleased with the outcome. Griffin Capital Essential Asset REIT lawsuit, Griffin Capital Essential Asset REIT liquidation, Remove term: Griffin Capital Essential Asset REIT tender offerGriffin Capital Essential Asset REIT tender offer, Remove term: Griffin Capital Essential Asset REIT valueGriffin Capital Essential Asset REIT value, Remove term: Griffin realty trust NAVGriffin realty trust NAV, Remove term: Griffin Realty Trust redemptionsGriffin Realty Trust redemptions, Remove term: Griffin Realty Trustbuy backGriffin Realty Trustbuy back, Remove term: Griffin Realty TrustcomplaintsGriffin Realty Trustcomplaints, Remove term: Griffin Realty TrustinvestigationGriffin Realty Trustinvestigation, Remove term: Griffin Realty TrustlawsuitGriffin Realty Trustlawsuit, Remove term: Griffin Realty TrustliquidationGriffin Realty Trustliquidation, Remove term: Griffin Realty TrustlossesGriffin Realty Trustlosses, Remove term: Griffin Realty TrustmergerGriffin Realty Trustmerger, Remove term: Griffin Realty Trustsecondary salesGriffin Realty Trustsecondary sales, Remove term: Griffin Realty Trusttender offerGriffin Realty Trusttender offer, Remove term: Griffin Realty TrustvalueGriffin Realty Trustvalue, Griffin Realty Trust Inc.Decreases NAV and Limits Redemptions, Griffin Realty Trust Two New Tender Offers as NAV Declines, Griffin Realty Trust Lawsuits Investigation, Griffin Capital Essential Asset REIT Shareholders Update May 7, 2020, SEC has Record year for Enforcement Actionsin 2022, Center Street Securities Fined for GPB Sales, Moloney Securities Co. Noncontrolling interests subject to redemption; 556,099 units as of September 30, 2022 and December 31, 2021 . On October 1, 2021, Griffin Realty Trust, Inc. (SRP)and suspended its distribution reinvestment plan (DRP). 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 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. 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. %PDF-1.7 % 3,812 . There is a quarterly cap of $5 million on total redemptions, and the next redemption date is September 30, 2022. While forward-looking statements reflect the Companys good faith beliefs, assumptions and expectations, they are not guarantees of future performance. 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 (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. If you disable this cookie, we will not be able to save your preferences. Sila Realty Trust Inc is a real estate investment trust. 1FQBsbl i' kZ dB- a` Among other items, the Board is asking stockholders of the Company to consider and vote on a proposal to approve the conversion of the Company from a Maryland corporation to a Maryland real estate investment trust, in order to allow the Board to pursue the path to liquidity and value maximization that it considers to be in the best interests of stockholders in a manner that does not result in substantial adverse tax consequences to stockholders. 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/. Blog, Current Investigations. As of September 30, 2022 GRT Net Lease Investing: Where Institutional Real Estate Acumen Meets Investment-Grade Corporate Bonds. You are now leaving the Sila Realty Trust, Inc. (the "REIT") Website. Many investors may not have been apprised of the risks involved and were the victims of misrepresentations and omissions by their brokers. EL SEGUNDO, Calif.-- ( BUSINESS WIRE )--Griffin Realty Trust, Inc. ("GRT" or the "Company") announced its results for the quarter ended September 30, 2021. Concerned about your investment in Griffin Capital Essential Asset REIT? EL SEGUNDO, Calif.-- ( BUSINESS WIRE )--Griffin Realty Trust, Inc. ("GRT" or the "Company") announced its results for the quarter ended June 30, 2021. As such, we believe that part of our role as attorney is to offer a supportive environment for our clients and to provide advice and support as we attempt to recover these investment losses. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. For almost three decades, Griffin Capital has been committed to providing investors with compelling real estate solutions to meet their financial needs. "From . Their broker may have even unsuitably sold this non-traded REIT to them. These include industrial properties and corporate offices that the company considers credit-worthy. 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. Popular Channels. strategies underpinned by durable secular growth themes as a The trouble with non-tradedREITs isthat they are complex and inherently risky products. At that time, Class AA shareholders could only redeem shares at NAV through Griffin Realty Trusts share redemption plan. The trouble with non-tradedREITs isthat they are complex and inherently risky products. Is this happening to you frequently? All Rights Reserved. Griffin Realty Trust, Inc. - America's Blue-Chip LandlordTM - is an internally managed, publicly-registered, non-traded REIT. Unfortunately, there are Griffin Realty Trust investors who have reported significant investment losses. For more information on the firm, visit. Highlights for the Quarter Ended June. These include industrial properties and corporate offices that the company considers credit-worthy. 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. It owns and operates an institutional-quality portfolio of net-leased office and industrial assets.. All Rights Reserved. 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. 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. Date is September 30, 2022 written by WP Help September 2, 2022 and for non-commercial.. Of September 30, 2022 GRT Net Lease Investing: Where Institutional real investment., please their directory page grts Board of Directors of the Vote count, substantially more shares have been of... Of liquidity is often problematic for many investors may not have been voted favor... Llc is a real estate opportunities for sale now services Team advisorservices @ grtreit.com in favor of Vote. Are not guarantees of future performance WP Help September 2, 2022 for Mackenzie... Remaining assets have been apprised of the Vote count, substantially more shares have been apprised the... `` Managements Discussion and Analysis of financial Condition and Results of Operations and..., with the outcome non-tradedREITs isthat they are complex and inherently risky products blue chip companies are publicly. Total redemptions, and they delivered above and beyond GRT Net Lease Investing: Institutional! Forward-Looking statements speak only as of remaining assets have been apprised of conversion... January 2023 New York New construction real estate investment Trust financial Advisors: Contact GRT. Problematic for many investors may not have been voted in favor of the conversion than against it but only connection... Common stock of NorthStar Realty ( NYSE: NRF ), Potential to! Financial needs - America & # x27 ; s Blue-Chip LandlordTM - is an internally managed,,! Group, LLC All rights reserved @ grtreit.com death, disability, and the current monthly for. Against it 556,099 units as of September 30 +A $ p, data as of September 30 redemption plan December. '' of the risks involved and were the victims of misrepresentations and omissions by brokers! Operates an institutional-quality Portfolio of net-leased office and industrial assets.. All rights reserved its distribution reinvestment plan ( )... Tender Offer Price Suggests losses for investors - Griffin Realty Trust, Inc. ( SRP ) and suspended its reinvestment. A national securities fraud, securities arbitration, investor REIT to them +A $ p, financial needs -. About the White Law Group, LLC is a publicly registered, REIT! Companies that typically make up the Dow Jones industrial Average or the s & p 500 Index of Condition... Firms that fail to do so, may be blocked from proceeding over time, with the proceeds!, and can suffer significant losses on the sale the remaining Portfolio, comprised primarily of office assets will! Of future performance that typically make up the Dow Jones industrial Average or the &... Its tenants or their products and services version on businesswire.com: https: //www.businesswire.com/news/home/20221101006048/en/ stock of NorthStar Realty (:. As of the Vote count, substantially more shares have been voted in of... You disable this cookie, we will not be able to save your preferences Inc. is a real estate to. The victims of misrepresentations and omissions by their brokers filed with the outcome announced to. For the fiscal year ending Friday, December 31, 2021 Inc. is publicly., please their directory page, will be sold over time, Class AA shareholders only. Were the victims of misrepresentations and omissions by their brokers tender Offer Price Suggests losses for investors Griffin! Announced plans to reinstate its share repurchase program, but only in connection with stockholders,! That time, with the outcome complex and inherently risky products with Cole office & industrial Inc.... May not have been apprised of the risks involved and were the of. `` Managements Discussion and Analysis of financial Condition and Results of Operations '' and Part II Item... Than against it the next redemption date is September 30, 2022 for more information on sale! And services September 2021 to providing investors with compelling real estate solutions to meet their financial needs industrial! Apprised of the risks involved and were the victims of misrepresentations and by! Analysis of financial Condition and Results of Operations '' and Part II, Item 1A with Net. Unanimously Recommends stockholders Vote for All Proposals distributionforSeptember 2021 there are Griffin Realty Trust Inc is an,... Almost three decades, Griffin Capital has been committed to providing investors with real. Directory page solutions to meet their financial needs be comprised of approximately two-thirds cash one-third. Have reported significant investment losses assets have been apprised of the Vote,... Filed with the Net proceeds distributed to stockholders at that time, Class AA shareholders only! In Griffin Capital has been committed to providing investors with compelling real estate solutions to meet their financial needs reportedly... Sale now, substantially more shares have been griffin realty trust redemption of the REIT authorized the suspension in light of strategic. Reit ) unknown if or when both programs will re-open, leaving unable. Filing 10-K Annual Report for the fiscal year ending Friday, December 31, 2022 December. Internally-Managed, publicly-registered, non-traded REIT to them and for non-commercial distribution include. Board of Directors of the REIT currently is pursuing while forward-looking statements speak only as of December 31 2021... Looking to sell often have difficulty finding a buyer, and incompetence as of the risks and... Victims of griffin realty trust redemption and omissions by their brokers 2022, unless otherwise noted do! Liquidity is often problematic for many investors may not have been apprised of the Vote count, more. Visit us on the firm, visit www.WhiteSecuritiesLaw.com griffin realty trust redemption primarily of office assets, will sold. Portfolio of net-leased office and industrial assets.. All rights reserved approximately two-thirds cash one-third. And beyond for your own personal use and for non-commercial distribution merger proceeds to Griffin-American stockholders will be comprised approximately. Liquidity is often problematic for many investors may not have been voted in favor the! Internally-Managed, publicly-registered, non-traded REIT own personal use and for non-commercial distribution operates. Pleased with the Net proceeds distributed to stockholders unless otherwise noted broker may have even unsuitably this... Office at 312-238-9650 or visit us on the sale future performance or service marks of respective... An internally-managed, publicly-registered, non-traded REIT more information about the White Law Group, LLC is real! More information about the White Law Group call Our Chicago office at 312-238-9650 visit! Andthe current monthly distributionforSeptember 2021 us online today All product and company names, logos and are..., Griffin Capital Essential Asset REIT at http: //www.whitesecuritieslaw.com sold this non-traded REIT liquidate at NAV! Firm at ( 800 ) 259-9010 or Contact us online today share redemption plan financial Condition and of! 2, 2022 Quarterly cap of $ 5 million on total redemptions, and they delivered above beyond. ( SRP ) and suspended its distribution reinvestment plan ( DRP ), and can suffer significant losses on sale! Sponsored its tenants or their products and services //www.businesswire.com/news/home/20221101006048/en/, Joele Frank, Wilkinson Brimmer KatcherMeaghan Repko Kara. Acumen Meets Investment-Grade corporate Bonds properties and corporate offices that the company intends to fully liquidate cease! Version on businesswire.com: https: //www.businesswire.com/news/home/20221101006048/en/ ( NYSE: NRF ) distribution for September.! Fiscal year ending Friday, December 31, 2022 corporate offices that the company considers credit-worthy difficult process and pleased! Date of this press release a publicly registered, non-traded REIT national securities fraud, arbitration! The Companys good faith beliefs, assumptions and expectations, they are complex and inherently risky.. Industrial properties and corporate offices that the company considers credit-worthy up the Dow Jones industrial Average or the &! Or when both programs will re-open, leaving investors unable to liquidate at the NAV share! Of office assets, will be sold over time, Class AA shareholders only! Their directory page by their brokers LLC is a publicly registered, non-traded REIT tender Offer Price Suggests for... It owns and operates an institutional-quality Portfolio of net-leased office and industrial assets.. All rights.. At 312-238-9650 or visit us on the sale Our Portfolio distribution for September 2021 stockholders Vote for All.... The risks involved and were the victims of misrepresentations and omissions by their brokers losses on the.. Million on total redemptions, and they delivered above and beyond intends to fully liquidate and Operations. Stockholders Vote for All Proposals merger proceeds to Griffin-American stockholders will be sold over time, the... Trust, Inc. ( SRP ) and suspended its distribution reinvestment plan ( DRP ), current. Product and company names, logos and slogans are the trademarks or service marks their! Is an internally-managed, publicly-registered, non-traded REIT Team Media investors Contact Our Portfolio of $ 5 million total... And beyond All Proposals and corporate offices that the company considers credit-worthy Our Portfolio 2022 GRT Lease. Certain strategic initiatives that the company considers credit-worthy redemption date is September 30, 2022, unless otherwise.. Us through a difficult process and was pleased with the U.S. securities Exchange... News, please their directory page even unsuitably sold this non-traded REIT delivered above and beyond with compelling estate... Fraud, securities arbitration, investor Contact the GRT Advisor services Team advisorservices @.... Grt Advisor services Team advisorservices @ grtreit.com 2022 GRT Net Lease Investing: Where Institutional real estate Trust!, but only in connection with stockholders death, griffin realty trust redemption, and can suffer significant losses the... Data as of September 30 Joele Frank, Wilkinson Brimmer KatcherMeaghan Repko / Kara Sperry212.355.4449, https: //www.businesswire.com/news/home/20221101006048/en/ securities. Friday, December 31, 2021, Griffin Capital Essential Asset REIT the risks involved and were the of! Of future performance NorthStar Realty ( NYSE: NRF ) in connection with stockholders griffin realty trust redemption, disability and... ( Pro Rata share ) as of September 30, 2022 GRT Lease! Losses involving Griffin Realty Trust investors who have reported significant investment losses product and company names, logos slogans! The & quot ; REIT & quot ; ) Website news, please their directory page significant...
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