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2018
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December 28, 2018
Griffin Capital Essential Asset REIT, Inc To Merge with Griffin Capital Essential Asset REIT II, Inc.
In addition, GCEAR announced it is now self-administered following the contribution of Griffin Capital Real Estate Company, LLC (“GRECO”) to GCEAR on December 14, 2018. The self-administration transaction provides immediate benefits to GCEAR shareholders, including a considerable reduction in the operating expenses of GCEAR; these benefits will extend to the combined company following the completion of the merger of GCEAR into GCEAR II. Shortly following the closing of the merger, GCEAR II, as the surviving entity, intends to conduct a tender offer for all shareholders of at least $100 million.
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December 21, 2018
Griffin Institutional Access Real Estate Fund Announces Fourth Quarter Distribution
Griffin Capital Company, LLC announced today on behalf of Griffin Institutional Access Real Estate Fund (NASDAQ: GIREX, GCREX, GRIFX, GLREX, GMREX) the fourth quarter distribution of $0.352 for Class A, $0.344 for Class C, $0.355 for Class I, $0.351 for Class L, and $0.348 for Class M, or a 5.22% annualized distribution rate. The distribution will be payable on December 28, 2018 to shareholders of record as of December 20, 2018, with an ex-dividend date of December 21, 2018.
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November 15, 2018
Griffin-American Healthcare REIT IV Reports Third Quarter 2018 Results
“Griffin-American Healthcare REIT IV continues to enjoy strong financial and portfolio performance as demonstrated in our third quarter 2018 results,” said Jeff Hanson, chairman and chief executive officer. “We continue to identify and acquire accretive properties for our fast-growing portfolio, which has more than doubled in size during the past year to more than $800 million with approximately $212 million in additional acquisitions pending in our pipeline.”
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November 14, 2018
Griffin Capital Essential Asset REIT Reports 2018 Third Quarter Results
“In the third quarter of 2018, we signed over 525,000 square feet of leases which includes three 10-year leases for approximately 267,000 square feet. We believe these actions demonstrate our continued ability to solidify our existing portfolio to offer value and generate consistent income to our shareholders,” said Kevin Shields, Chairman and CEO of the REIT.
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November 14, 2018
Griffin Capital Essential Asset REIT II Reports 2018 Third Quarter Results
“We continue to rely on the core strengths of our portfolio which allow us to execute on an investment strategy that provides investors with consistent income generated from our high-quality corporate tenants,” said Michael Escalante, Chief Investment Officer, Griffin Capital and Director and President of the REIT.
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November 05, 2018
Griffin-American Healthcare REIT IV Completed Acquisitions Totaling More than $178 Million During the Third Quarter 2018
“We continue to acquire accretively for the quickly growing portfolio of Griffin-American Healthcare REIT IV,” said Stefan Oh, executive vice president of acquisitions for American Healthcare Investors and Griffin-American Healthcare REIT IV. “Including acquisitions completed during and after the close of the third quarter, our portfolio is valued in excess of $800 million, based on aggregate contract purchase price, and we have more than $211 million in additional pending acquisitions1 that we expect to close in the coming months.”
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October 11, 2018
Griffin Institutional Access Credit Fund Announces Third Consecutive Increase in Quarterly Distribution Rate
EL SEGUNDO, California (October 11, 2018) – Griffin Capital Company, LLC announced on behalf of Griffin Institutional Access Credit Fund (the “Fund,” NASDAQ: CRDTX, CGCCX, CRDIX, CRDLX) the payment of the third quarter distribution which occurred on October 1, 2018. This most recent payment represented an annualized rate of 6.49% for Class A, 6.50% for Class C, 6.49% for Class I, 6.54% for Class L, and 6.46% for Class F.
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October 04, 2018
Griffin-American Healthcare REIT IV Acquires Portfolio of Skilled Nursing Facilities in Missouri for $88.2 Million
“Missouri Skilled Nursing Facility Portfolio is an exceptional addition to the Griffin-American Healthcare REIT IV portfolio,” said Stefan Oh, executive vice president of acquisitions for American Healthcare Investors and Griffin-American Healthcare REIT IV. “The facilities enjoy high bed occupancy and 1.8 times year one rent coverage. Additionally, Reliant Care Management is one of the premier skilled nursing operators in the state of Missouri and a strong new partner for the REIT.”
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October 04, 2018
Griffin-American Healthcare REIT III Announces Updated Estimated Per Share Net Asset Value of $9.37
“We continue to be very pleased with the performance of Griffin-American Healthcare REIT III, which acquired its first property a little more than four years ago and has since established a premier international portfolio of 210 healthcare properties and real estate-related investments valued at approximately $3.44 billion,” said Jeff Hanson, chairman and CEO of Griffin-American Healthcare REIT III. “The continued year-over-year growth in our estimated per share net asset value demonstrates the continued maturation of our portfolio and validates our investment thesis, which is to aggregate attractive healthcare real estate assets into a significant portfolio that generates value and income for our stockholders.”
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September 25, 2018
Griffin Capital Essential Asset REIT Reports Robust 2018 Leasing Activity
“This significant leasing activity demonstrates the management team’s creativity, tenacity and persistence in executing renewal, replacement and new lease transactions that both maintain and add value to the portfolio,” said REIT President and Chief Investment Officer Michael Escalante.
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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. There is no guarantee all of our properties will be leased to blue chip tenants or companies with investment grade credit ratings. Blue chip companies are well-known publicly traded companies that typically make up the Dow Jones Industrial Average or the S&P 500 Index. 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.
By “Invest Like an Institution,” we mean that Griffin Institutional Access® Real Estate Fund allows individual investors access to portfolio strategies, investment vehicles, and sub-advisers that are typically only available to large institutional investors such as banks, insurance companies, endowments, and pensions.
By “Your Public and Private Real Estate Investment Solution,” we mean that Griffin Institutional Access® Real Estate Fund, which offers investors a blend of public and private real estate investments selected and managed by leading institutions (the Fund’s sub-advisers) delivers an investment solution. This Fund, because it provides an array of potential benefits from current income to less volatility and modest market correlation to pricing transparency and periodic liquidity, is a ’solution.’