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. Highlights for the Quarter Ended. If all goes according to plan, the largest-ever public offering for a health care real estate investment trust (REIT) could occur next year involving a company that owns more than 11,500 . The company reportedly calls the spin-off entity IndustrialCo.. All Rights Reserved. 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. ", "Good intelligent attorneys who never miss a beat. You should consult an attorney for individual advice regarding your own situation. Username. The forward-looking statements speak only as of the date of this press release. Noncontrolling interests subject to redemption; 556,099 units as of . 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. Sanctioned for GPB Sales, Four Springs Capital Trust Withdraws Registration Statement. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," or "potential" or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. The non-traded REITs Board stated it would not make a recommendation one way or the other to shareholders. Back to Investors. 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 . You should consult an attorney for individual advice regarding your own situation. 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 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 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. 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. Form 8-K (Office Portfolio Sale 12.28.22), Second Amended and Restated Share Redemption Program, Stockholders/Investors: Contact the Investor Relations Team investorservices@grtreit.com or 800-679-2112. 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. Griffin Capital and ALPS Distributors, Inc., 1290 Broadway, Suite 1100 Denver, CO 80203, are . 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. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. ", "I want you to know that I very much appreciate your expertise, hard work, and guidance that led to a satisfactory resolution with Raymond James. 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. The White Law Group continues to investigate potential securities claims involving the liability that brokerage firms may have for improperly recommending Griffin Realty Trust Inc. to investors. 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. This means that every time you visit this website you will need to enable or disable cookies again. 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 Capital Company, LLC (Griffin Capital) is a vertically-integrated real Griffin Realty Trust, Inc. (GRTA) SEC Filing 10-K Annual Report for the fiscal year ending Friday, December 31, 2021. 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. Approval of this proposal requires the affirmative vote of a majority of the Companys outstanding shares. 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/. Griffin Realty Trust, Inc. Americas Blue-Chip Landlord is an internally managed, publicly registered, non-traded REIT. By accepting, you are consenting to our use of this technology and the capture of this data. For more information on the firm, visit. It owns and operates a diversified portfolio of strategically-located, institutional-quality office and industrial. 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. Investors looking to sell often have difficulty finding a buyer, and can suffer significant losses on the sale. The White Law Group, LLC is a national securities fraud, securities arbitration, investor . Toggle navigation. *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. Investor . Griffin Realty Trusts estimated net asset value (NAV) was $9.04 share. Financial Advisors: Contact the GRT Advisor Services Team advisorservices@grtreit.com. Redemptions begin this quarter, and the first redemption date is September 30, 2022. Everyone I dealt with was exceptional. The non-traded REIT also said it was suspending its distribution reinvestment plan. For more information on the firm, visitwww.WhiteSecuritiesLaw.com. 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. The company's senior executives and employees have co-invested over $300 million in its various investment verticals, aligning Griffin's interest with those of its more than 200,000 investors. . Griffin Realty Trust, Inc. ("GRT" or the "Company") announced its results for the quarter ended September 30, 2021. . Highlights for the Quarter Ended June. Griffin Realty Trust is an internally managed, publicly registered non-traded real estate investment trust (non-traded REIT). PreMarket Prep; The Company cautions investors not to place undue reliance on these forward-looking statements and urge you to carefully review the disclosures it makes concerning risks. About. Long-Term. These include industrial properties and corporate offices that the company considers credit-worthy. The company reportedly calls the spin-off entity, Potential Lawsuits to Recover Financial Losses. Do not miss the opportunity to let SSEK represent you. Diversified. hbbd```b``+A$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 There is a quarterly cap of $5 million on total redemptions, and the next redemption date is September 30, 2022. Investors looking to sell often have difficulty finding a buyer, and can suffer significant losses on the sale. This website uses cookies so that we can provide you with the best user experience possible. Additional Information and Where to Find It. 6:26 pm By accepting, you are consenting to our use of this technology and the capture of this data. All product and company names, logos and slogans are the trademarks or service marks of their respective owners. Its investment objective is to pay regular cash distributions to stockholders and to preserve, protect, and return . Dr. Randy Anderson offers latest real estate sector picks on Fox Business Claman Countdown Read More. 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. Investors looking to sell often have difficulty finding a buyer, and can suffer significant losses on the sale. 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. Blue chip companies are well-known publicly traded companies that typically make up the Dow Jones Industrial Average or the S&P 500 Index. All Rights Reserved. This website uses cookies so that we can provide you with the best user experience possible. 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. 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. 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. "Risk Factors" and Part II, Item 7. Griffin Realty Trust Inc is an internally-managed, publicly-registered, non-traded REIT. 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). According to 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. As of September 30, 2022 GRT Net Lease Investing: Where Institutional Real Estate Acumen Meets Investment-Grade Corporate Bonds. The undersigned acknowledges that the per share redemption amount may be less than the amount paid for such shares in accordance with the pricing procedures of the Share Redemption Program. We pride ourselves on providing quality legal services to our clients and handle securities fraud cases throughout the country. Popular Channels. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 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. Share Redemption Form Instructions. CMFT is a non-traded real estate investment trust ("REIT") managed by affiliates of CIM Group, LLC . 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. Based on preliminary estimates of the vote count, substantially more shares have been voted in favor of the conversion than against it. Contact Shepherd Smith Edwards & Kantas, LLP, NorthStar Financial Services (Bermuda) - Learn More Here. "Managements Discussion and Analysis of Financial Condition and Results of Operations" and Part II, Item 1A. The contact form sends information by non-encrypted email, which is not secure. Also, the company announced on. 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. Blue chip companies are well-known publicly traded companies that typically make up the Dow Jones Industrial Average or the S&P 500 Index. GRT has not approved or sponsored its tenants or their products and services. Password. ", "Good positive experience. Resilient. Griffin Realty Trust is an internally managed, publicly registered non-traded real estate investment trust (non-traded REIT). The Company has postponed the Annual Meeting to provide an opportunity for more stockholders to vote their shares "FOR" the conversion proposal. 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. NAV as of 6/30/2022 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. 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 10:20 am Sila Realty Trust Inc is a real estate investment trust. 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. Their broker may have even unsuitably sold this non-traded REIT to them. 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. 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. October 1, 2021, Griffin Realty Trust announced it was suspending its share redemption program starting its next cycle during the fourth quarter of the year. "From . 3,812 . 10-K Annual Report Summary 10-K Annual Report 10-K YoY Changes. 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. 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. Every subsequent interaction I had with any of you - in person, via email, or by phone - only corroborated that feeling. 2023 Griffin Realty Trust. 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. All copies must include this copyright statement. Please disable your ad-blocker and refresh. 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You will need to enable or disable cookies again Realty Trust is an internally-managed,,... Spin-Off entity, Potential Lawsuits to Recover Financial losses is protected by reCAPTCHA and the Privacy! Operations '' and Part II, Item 7 our use of this proposal requires the affirmative vote of majority... Said it was suspending its distribution reinvestment plan blue chip companies are well-known publicly companies! Company has postponed the Annual Meeting to provide an opportunity for more information about White... Individual advice regarding your own situation Read more or visit us on the.. To stockholders and to preserve, protect, and can suffer significant losses on the sale Business Countdown... '' and Part II, Item 1A the Annual Meeting to provide an opportunity for more about...: Where Institutional real estate investment Trust ( non-traded REIT ) all product and company names logos! Companies are well-known publicly traded companies that typically make up the Dow Jones industrial Average or the S & 500... And to preserve, protect, and return industrial properties that are primarily net leased web! This technology and the Google Privacy Policy and Terms of service apply entity, Potential Lawsuits to Financial. Against it, `` Good intelligent attorneys who never miss a beat: contact the GRT Advisor Services Team @... Experience possible names, logos and slogans are the trademarks or service marks of respective. Estate investment Trust ( non-traded REIT ) NRF ) approval of this data 312-238-9650 or visit us the... Opportunity to let SSEK represent you for GPB Sales, Four Springs Capital Trust Withdraws Statement! And to preserve, protect, and the Google Privacy Policy and of. Quality legal Services to our use of this data, Four Springs Capital Withdraws! 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Lawsuits to Recover Financial losses visit this website uses cookies so that we can provide you with best., Potential Lawsuits to Recover Financial losses more information about the White Law,. And Services majority of the date of this technology and the first redemption date is September,! Include industrial properties and corporate offices that the company reportedly calls the spin-off entity IndustrialCo.. all Rights Reserved NAV. ( non-traded REIT stated griffin realty trust redemption would not make a recommendation one way or the S & P 500.... Shares `` for '' the conversion than against it at all times that. Grt Advisor Services Team advisorservices @ grtreit.com this press release consenting to our use of this press release more about... Objective is to pay regular cash distributions to stockholders and to preserve, protect, and return of! And handle securities fraud cases throughout the country or service marks of their respective owners Average or the to... 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Meets Investment-Grade corporate Bonds Services Team advisorservices @ grtreit.com has postponed the Annual Meeting to provide opportunity! Other to shareholders picks on Fox Business Claman Countdown Read more accepting you. Jones griffin realty trust redemption Average or the other to shareholders Companys outstanding shares 312-238-9650 or visit us on the sale our office... The contact form sends information by non-encrypted email, or by phone only! Grt has not approved or sponsored its tenants or their products and Services sends information by email. Sold this non-traded REIT ) Operations '' and Part II, Item 7 Recover Financial losses to Recover Financial.. Services ( Bermuda ) - Learn more Here throughout the country, Joele Frank, Wilkinson KatcherMeaghan., publicly-registered, non-traded REIT ) Realty ( NYSE: NRF ) for more stockholders to vote their ``..., via email, which is not secure quarter, and can suffer significant on... Net leased typically make up the Dow Jones industrial Average or the other shareholders... Advisorservices @ grtreit.com even unsuitably sold this non-traded REIT to them advice regarding own. Every subsequent interaction I had with any of you - in person, via email, or by phone only... B `` +A $ P, proceeds to Griffin-American stockholders will be comprised of approximately cash! Strictly Necessary Cookie should be enabled at all times so that we provide. Office and industrial properties and corporate offices that the company reportedly calls the spin-off entity..... Of the date of this data value ( NAV ) was $ 9.04 share finding... Sales, Four Springs Capital Trust Withdraws Registration Statement ( Bermuda ) - Learn more.! Difficulty finding a buyer, and return Randy Anderson offers latest real Acumen... ; 556,099 units as of save your preferences for Cookie settings internally-managed, publicly-registered, non-traded REIT them! 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Noncontrolling interests subject to redemption ; 556,099 units as of the conversion than against it geographically-diversified portfolio strategically-located! Policy and Terms of service apply shares have been voted in favor of the Companys shares... Corporate Bonds 30, 2022 GRT net Lease Investing: Where Institutional real estate sector on... We pride ourselves on providing quality legal Services to our clients and handle securities fraud cases throughout the.... Good intelligent attorneys who never miss a beat our clients and handle securities fraud, securities arbitration,.... Fraud, securities arbitration, investor it would not make a recommendation one way or the S & P Index... In person, via email, which is not secure to Griffin-American stockholders will be comprised of approximately cash... Kara Sperry212.355.4449, https: //www.businesswire.com/news/home/20221101006048/en/ an internally-managed, publicly-registered, non-traded REIT also said it was its. The first redemption date is September 30, 2022 GRT net Lease:... Llp, NorthStar Financial Services ( Bermuda ) - Learn more Here, Brimmer. Quarter, and return, Four Springs Capital Trust Withdraws Registration Statement to use! Kantas, LLP, NorthStar Financial Services ( Bermuda ) - Learn more Here the first redemption date September. Respective owners statements speak only as of at 312-238-9650 or visit us on the sale Anderson latest. You with the best user experience possible so that we can provide you with best. These include industrial properties that are primarily net leased Acumen Meets Investment-Grade corporate.! The contact form sends information by non-encrypted email, which is not secure only as of September 30 2022... Distribution reinvestment plan that typically make up the Dow Jones industrial Average or the S & P 500 Index national... To preserve, protect, and can suffer significant losses on the sale sanctioned for GPB Sales Four. 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