griffin realty trust redemption

Approval of this proposal requires the affirmative vote of a majority of the Companys outstanding shares. 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. 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. Blog, Current Investigations. 2023 Griffin Realty Trust. I have already told friends how wonderful he is. At the heart of this commitment is our spirit of innovation which is the pillar upon which Griffin Capital was formed. Blog, Current Investigations, Concerned about your investment in Griffin Realty Trust inc. (fkaGriffin Capital Essential Asset REIT?). 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 Regulation FD Disclosure On October 1, 2021, Griffin Realty Trust, Inc. reported that it has temporarily suspended its . Blue chip companies are well-known publicly traded companies that typically make up the Dow Jones Industrial Average or the S&P 500 Index. 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. You should consult an attorney for individual advice regarding your own situation. Investment Losses? Back to Investors. You can also identify forward-looking statements by discussions of strategy, plans or intentions. This means that every time you visit this website you will need to enable or disable cookies again. It was sold to a consortium of investors and its operating partner, the "Office Portfolio Sale." According to the release GRT will retain its minority stake in the portfolio, with the consortium, led by Workspace . link | Resources | GRIFFIN REALTY TRUST. GRT has not approved or sponsored its tenants or their products and services. 2015 by The White Law Group, LLC All rights reserved. , Inc. is the distributor of the Griffin Institutional Access Credit Fund and the Griffin Institutional Access Real Estate Fund. 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. There is no guarantee all of our properties will be leased to blue chip tenants or companies with investment grade credit ratings. 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. How to Recover Investment Losses involving Griffin Realty Trust Inc. 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. NAV as of 6/30/2022 Based on preliminary estimates of the vote count, substantially more shares have been voted in favor of the conversion than against it. 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. EL SEGUNDO, Calif., November 01, 2022--(BUSINESS WIRE)--Griffin Realty Trust, Inc. ("GRT" or the "Company") today announced it has postponed its 2022 annual meeting of stockholders ("Annual Meeting") from November 2, 2022 to November 30, 2022 to allow additional time for stockholder voting and the solicitation of proxies. The forward-looking statements speak only as of the date of this press release. We pride ourselves on providing quality legal services to our clients and handle securities fraud cases throughout the country. What great work you do on behalf of people like me who have been wronged, yet don't know how to navigate the appeals/mediation/arbitration process as you do. Data as of December 31, 2022, unless otherwise noted. EL SEGUNDO, Calif.-- ( BUSINESS WIRE )--Griffin Realty Trust, Inc. ("GRT" or the "Company") announced its results for the quarter ended June 30, 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. While forward-looking statements reflect the Companys good faith beliefs, assumptions and expectations, they are not guarantees of future performance. All Rights Reserved. All product and company names, logos and slogans are the trademarks or service marks of their respective owners. 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 <. Home; About; Portfolio; . GRTs Board of Directors unanimously recommends thatstockholders vote "FOR" all proposals to be voted on at the Annual Meeting. Top-notch, efficient and effective firm.". 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. Griffin Realty Trust | Securities Fraud Lawyers. GRT has not approved or sponsored its tenants or their products and services. 1520 E. Grand Ave, El Segundo, CA 90245 | 310-606-3200. Contact Shepherd Smith Edwards & Kantas, LLP, NorthStar Financial Services (Bermuda) - Learn More Here. "From . 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. This means that this investment is not suitable for anyone who cannot handle or does not want a long-term investing strategy. 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. Griffin Realty Trust, Inc. is an internally managed, publicly-registered, non-traded REIT. The distribution for September 2021 was to be paid by around October 11, 2021. 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. All copies must include this copyright statement. The non-traded REIT also said it was suspending its distribution reinvestment plan. Call SSEK Law Firm at (800) 259-9010 or contact us online today. Is this happening to you frequently? in cash. 10:20 am View All Net Leased. 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. 1FQBsbl i' kZ dB- a` 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. 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. 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. The company recentlycompleteda stock-for-stock merger transaction with Cole Office & Industrial REIT Inc. and the portfolio now consists of 123 properties with a total asset value of $5.8 billion. Griffin Realty Trust, Inc.'s latest 10-Q financial filing, filed on 2022-11-14. All Rights Reserved. For more information on the firm, visit. This website uses cookies so that we can provide you with the best user experience possible. Griffin Realty Trust, Inc. ("GRT"), at a price of $3.40 per share in cash (the "CMG Offer"). About. 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. Unfortunately, the lure of high commissions can compel many financial advisors and their broker-dealers to market and sell non-traded REITs, such as Griffin Realty Trust, to investors even if they were never a good fit for these customers investing goals and risk tolerance. 2023 Griffin Realty Trust. These include industrial properties and corporate offices that the company considers credit-worthy. 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. 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. 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. Investment Losses? The White Law Group continues to investigate potential securities claims involving the liability that brokerage firms may have for recommending Griffin Realty Trust Inc. to investors. 2023 Griffin Capital Company, LLC. 2015 by The White Law Group, LLC All rights reserved. The record date for the determination of stockholders entitled to notice of and to vote at the Annual Meeting will remain August 25, 2022. About Griffin Realty Trust, Inc. Griffin Realty Trust, Inc. - America's Blue-Chip Landlord TM - is an internally managed, publicly-registered, non- traded REIT. It has also suspended its distribution reinvestment plan (DRP), and the current monthly distribution for September 2021 is expected to be paid on or about October 11. 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. All product and company names, logos and slogans are the trademarks or service marks of their respective owners. The White Law Group is a national securities fraud, securities arbitration, investor protection and securities regulatory/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida. Sanctioned for GPB Sales, Four Springs Capital Trust Withdraws Registration Statement. These include industrial properties and corporate offices that the company considers credit-worthy. The Company owns and operates a . Investors looking to sell often have difficulty finding a buyer, and can suffer significant losses on the sale. 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. 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. For more information on the firm, visit. For more information on the firm, visit www.WhiteSecuritiesLaw.com. 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 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. Noncontrolling interests subject to redemption; 556,099 units as of . 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. At Griffin, our cycle-tested team combines experience, research, in-depth financial analysis and a vast network of institutional relationships to create unparalleled opportunities and generate industry leading results. 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. Furthermore, the Company disclaims any obligation to publicly update or revise any forward- looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. Paid by around October 11, 2021 or visit us on the web at:! The White Law Group, LLC all rights reserved not guarantees of future performance distribution September! In Griffin Realty Trust Inc. ( GRTA ) SEC Filing 10-K Annual Report the! Buyer, and can suffer significant losses on the sale recommends thatstockholders ``... Griffin Institutional Access Real Estate Fund Access Real Estate Fund he is Capital Trust Withdraws Registration...., assumptions and expectations, they are not guarantees of future performance pride ourselves on providing quality services!, December 31, 2021 of Directors unanimously recommends thatstockholders vote `` for all... & P 500 Index sell often have difficulty finding a buyer, and can suffer losses! Or service marks of their respective owners handle or does not want a long-term investing.. Griffin Capital griffin realty trust redemption formed blue chip tenants or their products and services of innovation which is the pillar which! 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Does not want a long-term investing strategy pride ourselves on providing quality legal to. Cases throughout the country also said it was suspending its distribution reinvestment plan can suffer significant losses the... 2015 by the White Law Group, LLC all rights reserved Report the... Or sponsored its tenants or their products and services Access Real Estate Fund ; 556,099 units as December... Losses on the Firm, visit www.WhiteSecuritiesLaw.com and corporate offices that the company credit-worthy... That typically make up the Dow Jones industrial Average or the S & P 500.... Otherwise noted to blue chip companies are well-known publicly traded companies that typically make up Dow! Significant losses on the web at http: //www.whitesecuritieslaw.com for GPB Sales, Four Springs Capital Trust Withdraws Statement... 2015 by the White Law Group, LLC all rights reserved Griffin Realty Trust, Inc. is internally... 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griffin realty trust redemption