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 <. How to Recover Investment Losses involving Griffin Realty Trust Inc. 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 . 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. Blog, Current Investigations, Concerned about your investment in Griffin Realty Trust inc. (fkaGriffin Capital Essential Asset REIT?). 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. GRT has no affiliation, connection or association with and is not sponsored or approved by the tenants of its properties. 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. The non-traded REITs Board stated it would not make a recommendation one way or the other to shareholders. The record date for the determination of stockholders entitled to notice of and to vote at the Annual Meeting will remain August 25, 2022. Resilient. 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 . 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. 24 min read EL SEGUNDO, Calif., May 12, 2022 -- ( BUSINESS WIRE )--Griffin Realty Trust, Inc.. 1520 E. Grand Ave, El Segundo, CA 90245 | 310-606-3200. Blog, Current Investigations. 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. The White Law Group continues to investigate potential How to Recover Investment Losses involving Griffin Realty Trust Inc. Griffin Realty Trust, Inc. ("GRT"), at a price of $3.40 per share in cash (the "CMG Offer"). From our first meeting, I felt "heard" and that my situation and story were respected. The REIT also amended and restated its share redemption program (SRP) and will redeem shares in connection with a stockholders death, qualifying disability or determination of incompetence or incapacitation. We serve the following localities: Atlanta, Baltimore, Boston, "I am going to miss conversations with you, Sam Edwards. 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. At that time, Class AA shareholders could only redeem shares at NAV through Griffin Realty Trusts share redemption plan. 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. "Managements Discussion and Analysis of Financial Condition and Results of Operations" and Part II, Item 1A. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. The transaction, when combined with the existing Workspace portfolio . Griffin Realty Trust, Inc. Changes to Beneficial Ownership: Cazel Gregory M (Director) (Form4) Accepted: Form Type: 4. It has a portfolio of mostly single tenant business essential properties in the United States. GRTs Board of Directors Unanimously Recommends Stockholders Vote FOR All Proposals. Back to Investors. If you disable this cookie, we will not be able to save your preferences. 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 . Share Redemption Form. Griffin Capital Essential Asset REIT, Inc is a public non-listed REIT focused on acquiring business essential single-tenant office and industrial properties net leased for long duration to creditworthy corporate tenants. Based on preliminary estimates of the vote count, substantially more shares have been voted in favor of the conversion than against it. Griffin Realty Trust, Inc. is an internally managed, publicly-registered, non-traded REIT. Noncontrolling interests subject to redemption; 556,099 units as of September 30, 2022 and December 31, 2021 . How to Recover Investment Losses involving Griffin Realty Trust Inc. Griffin Capital and ALPS Distributors, Inc., 1290 Broadway, Suite 1100 Denver, CO 80203, are . All Rights Reserved. It owns and operates an institutional-quality portfolio of net-leased office and industrial assets.. 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. 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. . 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. EL SEGUNDO, Calif.-- ( BUSINESS WIRE )--Griffin Realty Trust, Inc. ("GRT" or the "Company") announced its results for the quarter ended June 30, 2021. Redemptions begin this quarter, and the first redemption date is September 30, 2022. 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"). Diversified. 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 . , Inc. is the distributor of the Griffin Institutional Access Credit Fund and the Griffin Institutional Access Real Estate Fund. Many of our clients have lost a significant portion of their net worth as the result of the negligence of their financial professional. "From . 2023 Griffin Capital Company, LLC. Financial Advisors: Contact the GRT Advisor Services Team [email protected]. 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. Login Page Enter your Username and Password below. Top-notch, efficient and effective firm.". 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. 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. 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. About. It owns and operates an institutional-quality portfolio of net-leased office and industrial assets.. The offer expires on October 10, 2022. PreMarket Prep; 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. 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. Data as of December 31, 2022, unless otherwise noted. The following factors, among others, could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: general economic and financial conditions; market volatility; inflation; any potential recession or threat of recession; interest rates; the impact of the COVID-19 pandemic and resulting economic disruption on the markets in which we operate and on work-from-home trends, occupancy, rent deferrals and the financial condition of the Companys tenants; whether any easing of the pandemic or other factors will impact the attractiveness of industrial and/or office assets; whether we will be successful in renewing leases as they expire; future financial and operating results, plans, objectives, expectations and intentions; expected sources of financing and the availability and attractiveness of the terms of any such financing; legislative and regulatory changes that could adversely affect our business; whether we will continue to publish our net asset value on an annual basis, more frequently or at all; our future capital expenditures, operating expenses, net income, operating income, cash flow and developments and trends of the real estate industry; whether the strategic monetization process will maximize stockholder value; whether the spin off will be completed on the anticipated timing or at all; whether we will be successful in liquidating our remaining assets after the spin off; whether we will effect the strategic monetization process at the time and in a manner that maximizes value for the Companys stockholders; when stockholders will receive any net proceeds in connection with the disposition of our remaining assets after the spin off; whether we will succeed in our investment objectives; whether the combination of net proceeds from the ultimate sale of your shares of the spin off company and the distribution of the net proceeds by the Company from the sale of the remaining assets will equal our current NAV; our ability to find purchasers for the remaining assets on such terms as our Board of Directors determines to be in the best interests of our stockholders; unanticipated difficulties or expenditures relating to the strategic monetization process or the pursuit of sales of our remaining assets; the response of stockholders, tenants, business partners and competitors to the announcement of the strategic monetization process; legal proceedings that may be instituted against us and others related to the strategic monetization process; risks associated with our dependence on key personnel whose continued service is not guaranteed; risks related to the disruption of managements attention from ongoing business operations due to pursuit of the strategic monetization process; other factors, including those risks disclosed in Part I, Item 1A. But, even more, it is your self-respect and commitment to your position that I admire and your persistent patience-your equanimity. Long-Term. Approval of this proposal requires the affirmative vote of a majority of the Companys outstanding shares. 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 "Risk Factors" of the Companys Quarterly Reports on Form 10-Q filed with the U.S. Securities and Exchange Commission. Firms that fail to do so, may be held responsible for any losses. *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. 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. Noncontrolling interests subject to redemption; 556,099 units as of September 30, 2022 and December 31, 2021. Contact us now for a free consultation! This comes after the companycompleteda stock-for-stock merger transaction with Cole Office & Industrial REIT Inc. Their broker may have even unsuitably sold this non-traded REIT to them. various limitations of the Share Redemption Program, and Griffin Realty Trust, Inc. may need to honor redemption requests on a pro rata basis. According to a report by The DI Wire, the company attributed that decline to declining office property values, noting that on the other hand its . The Company owns and operates a geographically-diversified portfolio of strategically-located, high-quality, corporate office and industrial properties that are primarily net leased . For almost three decades, Griffin Capital has been committed to providing investors with compelling real estate solutions to meet their financial needs. You should consult an attorney for individual advice regarding your own situation. By accepting, you are consenting to our use of this technology and the capture of this data. 2015 by The White Law Group, LLC All rights reserved. For more information on the firm, visit. This means that this investment is not suitable for anyone who cannot handle or does not want a long-term investing strategy. 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. 3,812 . Fill out the contact form or call us at (800) 259-9010 to schedule your free consultation. Regulation FD Disclosure On October 1, 2021, Griffin Realty Trust, Inc. reported that it has temporarily suspended its . 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. Clients have lost a significant portion of their net worth as the result of the conversion against. Managements Discussion and Analysis of financial Condition and Results of Operations '' Part... It owns and operates an institutional-quality portfolio of strategically-located, high-quality, office... @ grtreit.com out the Contact form or call us at ( 800 ) 259-9010 to your! Free consultation negligence of their net worth as the result of the vote,... 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