Market-leading rankings and editorial commentary - see the top law firms & lawyers for Real estate investment trusts (REITs) in United States If you disable this cookie, we will not be able to save your preferences. 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. All Rights Reserved. By accepting, you are consenting to our use of this technology and the capture of this data. 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. 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. 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. Griffin Realty Trust, Inc. ("GRT" or the "Company") announced its results for the quarter ended September 30, 2022. . 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. No mention of the buyers or of what . 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. 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. Concerned about your investment in Griffin Capital Essential Asset REIT? This means that every time you visit this website you will need to enable or disable cookies again. The DI Wire is the definitive news source for the illiquid alternative investment industry. 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. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. 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%. 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. About Griffin Realty Trust, Inc. Griffin Realty Trust, Inc. - America's Blue-Chip Landlord TM - is an internally managed, publicly-registered, non- traded REIT. link | Resources | GRIFFIN REALTY TRUST. 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 . It has also suspended its distribution reinvestment plan (DRP), and the current monthly distribution for September 2021. %PDF-1.7 % 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. You can obtain free copies of the definitive proxy statement as described in the preceding paragraph. On October 1, 2021, Griffin Realty Trust, Inc. reported it is suspending its share redemption program . The . According to filings with the SEC, the REIT values its shares at $9.58 as of July 30, 2019. 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 . Investor . Lack of liquidity is often problematic for many investors. Petersburg, and Washington, D.C. You are now leaving the Sila Realty Trust, Inc. (the "REIT") Website. INVESTORS AND SECURITY HOLDERS OF GRT ARE URGED TO READ THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS IN CONNECTION WITH THE ANNUAL MEETING THAT GRT FILES WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE BUSINESS TO BE CONDUCTED 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 . Griffin Realty Trust, Inc. ("GRT"), at a price of $3.40 per share in cash (the "CMG Offer"). Written by WP Help September 2, 2022 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. Financial Advisors: Contact the GRT Advisor Services Team advisorservices@grtreit.com. 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. For more information on the firm, visit www.WhiteSecuritiesLaw.com. . Griffin Realty Trust, Inc.'s latest 10-Q financial filing, filed on 2022-11-14. 28 min read EL SEGUNDO, Calif., August 11, 2022 -- ( BUSINESS WIRE )--Griffin Realty Trust,. For more Mackenzie Capital Management news, please their directory page. 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. Approval of this proposal requires the affirmative vote of a majority of the Companys outstanding shares. Data as of December 31, 2022, unless otherwise noted. Noncontrolling interests subject to redemption; 556,099 units as of . 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. Griffin Capital and ALPS Distributors, Inc., 1290 Broadway, Suite 1100 Denver, CO 80203, are . "From . Firms that fail to do so, may be held responsible for any losses. We are committed to creating exceptional value for all of our stakeholders through the ownership and . All product and company names, logos and slogans are the trademarks or service marks of their respective owners. Are you concerned about your investment in Griffin Realty Trust Inc.? GRT has not approved or sponsored its tenants or their products and services. 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. On October 1, 2021, Griffin Realty Trust, Inc. reporteditwassuspending its share redemption program(SRP)beginning with the next cycle commencing fourth quarter 2021. Sila Realty Trust Inc is a real estate investment trust. 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. 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. 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. 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 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. 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. 2015 by The White Law Group, LLC All rights reserved. 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/. 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. 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. Guided us through a difficult process and was pleased with the outcome. 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. Home | Griffin Realty Trust Portfolio Strategy Team Media Investors Contact Our Portfolio. By accepting, you are consenting to our use of this technology and the capture of this data. 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 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. 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. Americas Blue-Chip Landlord is an internally managed, publicly registered, non-traded REIT. Redemptions begin this quarter, and the first redemption date is September 30, 2022. 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. The company reportedly calls the spin-off entity, Potential Lawsuits to Recover Financial Losses. It has a portfolio of mostly single tenant business essential properties in the United States. | Griffin Realty Trust, Inc. & # x27 ; s latest 10-Q financial filing, filed on.... Non-Traded REIT s latest 10-Q financial filing, filed on 2022-11-14 data as.... Companys outstanding shares primarily net leased noncontrolling interests subject to redemption ; 556,099 units of. To Recover financial losses Wire ) -- Griffin Realty Trust portfolio Strategy Team Media investors Contact our portfolio preceding. 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