It owns and operates an institutional-quality portfolio of net-leased office and industrial assets.. Griffin Realty Trust Plans Spin-off, Liquidation as NAV Declines, Griffin Capital Essential Asset REIT lawsuit, Griffin Capital Essential Asset REIT liquidation, Griffin Capital Essential Asset REIT tender offer, Griffin Capital Essential Asset REIT value, Griffin Realty Trust Inc.Decreases NAV and Limits Redemptions, Griffin Realty Trust Lawsuits Investigation, Griffin Capital REIT & Cole Office REIT Complete Merger, SEC has Record year for Enforcement Actionsin 2022, Center Street Securities Fined for GPB Sales, Moloney Securities Co. 10:20 am in cash. For almost three decades, Griffin Capital has been committed to providing investors with compelling real estate solutions to meet their financial needs. Call us at (800) 259-9010 today. Written by The White Law Group October 6, 2021 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. ", "Good positive experience. 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. Griffin Realty Trust, Inc. ("GRT" or the "Company") announced its results for the quarter ended September 30, 2021. . Blue chip companies are well-known publicly traded companies that typically make up the Dow Jones Industrial Average or the S&P 500 Index. Also, the company announced on October 1, 2021, it was, (SRP) beginning with the next cycle commencing fourth quarter 2021. EL SEGUNDO, Calif., November 01, 2022--Griffin Realty Trust, Inc. ("GRT" or the "Company") today announced it has postponed its 2022 annual meeting of stockholders ("Annual Meeting") from November . The offer expires on October 10, 2022. . Griffin Realty Trust, Inc. is an internally managed, publicly-registered, non-traded REIT. This means that every time you visit this website you will need to enable or disable cookies again. Contact us now for a free consultation! 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. Submitting a contact form, sending a text message, making a phone call, or leaving a voicemail does not create an attorney-client relationship. 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 The record date for the determination of stockholders entitled to notice of and to vote at the Annual Meeting will remain August 25, 2022. Griffin Capital has owned, managed, sponsored or co-sponsored investment programs encompassing over $20 billion in assets. 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. 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. I will be forever grateful. 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%. About Griffin Realty Trust, Inc. Griffin Realty Trust, Inc. - America's Blue-Chip Landlord TM - is an internally managed, publicly-registered, non-traded REIT. Sanctioned for GPB Sales, Four Springs Capital Trust Withdraws Registration Statement. 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. This website uses cookies so that we can provide you with the best user experience possible. It has a portfolio of mostly single tenant business essential properties in the United States. 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 Board of Directors of the REIT authorized the suspension in light of certain strategic initiatives that the REIT currently is pursuing. Noncontrolling interests subject to redemption; 556,099 units as of . Company Profile CVMCA. 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. The contact form sends information by non-encrypted email, which is not secure. For more information on the firm, visitwww.WhiteSecuritiesLaw.com. 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. 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. It owns and operates an institutional-quality portfolio of net-leased office and industrial assets.. Share Redemption Form. All product and company names, logos and slogans are the trademarks or service marks of their respective owners. Sila Realty Trust Inc is a real estate investment trust. 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. Additional Information and Where to Find It. 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. 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. Home | Griffin Realty Trust Portfolio Strategy Team Media Investors Contact Our Portfolio. It has also suspended its distribution reinvestment plan (. 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. 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 $. %PDF-1.7 % GRIFFIN REALTY TRUST, INC. Net Debt (Pro Rata Share) as of September 30 . 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. 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. 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. Early share redemption is often limited and usually priced lower than the original purchase price or even the current price. 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. Blog, Current Investigations. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. The forward-looking statements contained in this press release reflect the Company's current views about future events and are subject to numerous known and unknown risks, uncertainties, assumptions and changes in circumstances that may cause the Company's actual results to differ significantly from those expressed in any forward-looking statement. 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. Redemptions begin this quarter, and the first redemption date is September 30, 2022. 2023 Griffin Realty Trust. Call SSEK Law Firm at (800) 259-9010 or contact us online today. The forward-looking statements speak only as of the date of this press release. The non-traded REITs Board stated it would not make a recommendation one way or the other to shareholders. . The distribution for September 2021 was to be paid by around October 11, 2021. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 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. GRT has not approved or sponsored its tenants or their products and services. This website uses cookies so that we can provide you with the best user experience possible. 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. 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. On October 1, 2021, Griffin Realty Trust, Inc. (SRP)and suspended its distribution reinvestment plan (DRP). 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"). 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. GCEA: Dividend Date & History for Griffin Realty Trust Inc. - Ordinary Shares - Class E - Dividend.com GCEA: OTC (Stock) Griffin Realty Trust Inc. - Ordinary Shares - Class E Payout Change None Price as of: DEC 19, 03:10 PM EST $5.5 +0.22 +0% Dividend (Fwd) $0.00 Yield (Fwd) 0.00% Overview Ratings Recommendation Payouts Div Growth Capture Strategy The Company has postponed the Annual Meeting to provide an opportunity for more stockholders to vote their shares "FOR" the conversion proposal. Get the latest Griffin Realty Trust Inc. - Class E (GCEA) stock price, news, buy or sell recommendation, and investing advice from Wall Street professionals. 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Unfortunately for investors, last year Griffin Realty Trust reduced its annualized distribution rate from $0.55 per Share to $0.35 per Share, a 36% decrease. hbbd```b``+A$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 ", "My experience with Ryan Cook has been very positive. Please disable your ad-blocker and refresh. 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. Of net-leased office and Industrial assets.. Share redemption is often limited and usually priced lower than the purchase... Not secure Sales, Four Springs Capital Trust Withdraws Registration Statement the price. 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