2018
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March 20, 2018
Griffin Capital Essential Asset REIT II Reports 2017 Results
“Our 2017 results only further validate our consistent approach of combining selective acquisition activities with disciplined portfolio management,” said Michael Escalante, the REIT’s President. “As we begin 2018, we continue to focus on acquiring top quality commercial real estate assets with established corporate tenants and average remaining lease terms that exceed ten years in length. With this overall approach, we look forward to further serving our shareholders through current income and long-term capital appreciation events.”
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March 20, 2018
Griffin Capital Essential Asset REIT Completes Acquisition of Quaker Sales and Distribution Facility
Griffin Capital Company, LLC (“Griffin Capital”) announced today on behalf of Griffin Capital Essential Asset REIT, Inc. (the “REIT”), the acquisition of the Quaker Sales and Distribution facility (the “Property”) at a purchase price of $59.60 million.
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March 23, 2018
Griffin Institutional Access Real Estate Fund Announces First Quarter Distribution
Griffin Capital Company, LLC announced today on behalf of Griffin Institutional Access Real Estate Fund (NASDAQ: GIREX, GCREX, GRIFX, GLREX, GMREX) the first quarter distribution of $0.349 for Class A, $0.343 for Class C, $0.351 for Class I, $0.349 for Class L, and $0.347 for Class M, or a 5.22% annualized distribution rate. The distribution will be payable on March 29, 2018 to shareholders of record as of March 22, 2018, with an ex-dividend date of March 23, 2018.
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April 09, 2018
Griffin-American Healthcare REIT IV Announces Estimated Per Share Net Asset Value of $9.65
We are very pleased with this initial valuation of our portfolio, which is based on aggregate portfolio growth of approximately 11.3 percent in the value of our properties compared to the aggregate contract purchase price,” said Jeff Hanson, chairman and CEO of Griffin-American Healthcare REIT IV. “We acquired our first property less than two years ago, and have since built a portfolio of healthcare real estate which is performing very well, as our financial reports and this valuation demonstrate.
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April 10, 2018
Griffin Capital Company Celebrates First Anniversary for Griffin Institutional Access® Credit Fund
Griffin Capital Asset Management Company, LLC President Randy Anderson said, “We are very proud of Griffin Institutional Access Credit Fund's performance over the past year and of our ability to provide “Main Street” investors the potential to capitalize on opportunities for income generation and capital appreciation that have previously been available only to large institutions.”
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April 12, 2018
Griffin Capital Essential Asset REIT Completes Acquisition of McKesson Scottsdale Campus
The Property was owned and developed by Ryan Companies US, Inc. as a build-to-suit for McKesson Corporation, which leased the Property for an initial term of approximately 10 years, expiring on February 28, 2028. The seller was represented by Chris Toci, Chad Littell, Greg Mayer and Jim Wilson of Cushman & Wakefield.
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April 13, 2018
Griffin-American Healthcare REIT IV Acquires Medical Office Building Near Madison, Wisconsin
Built in 2014, the approximately 55,000-square-foot Sauk Prairie Medical Office Building is currently 100 percent leased to multiple healthcare service providers specializing in orthopedics, women’s health, obstetrics and gynecology, sleep lab, audiology, otolaryngology, cardiology, surgery, pain management, dermatology, endocrinology, urology, neurology, oncology, geriatrics and optometry.
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April 30, 2018
Griffin Capital Company Announces Significant Growth in Investor Flows
Griffin Capital is the industry’s fastest-growing investment manager of broadly-distributed interval funds with nearly $2.4 billion in assets under management.
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May 07, 2018
Griffin Capital Essential Asset REIT Completes Acquisition of The Shaw Distribution Center – Northport Building C
Commenting on the acquisition, Eric Kaplan, Griffin Capital’s Managing Director – Acquisitions, stated, “The acquisition of the Shaw Distribution Center presented the opportunity to add a state-of-the-art, Class “A” industrial asset to our expanding portfolio. This property is strategically located near the Port of Savannah, one of the fastest growing ports and fourth largest in the country. The combined factors of the long lease commitment, solid tenant credit characteristics, and the fact that Savannah is the sole point of entry for the tenant on the East Coast, made this an attractive investment for the REIT and its shareholders.”
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May 07, 2018
Griffin-American Healthcare REIT IV Acquires Medical Office Building Near Phoenix
Built in 2012, the approximately 34,000-square-foot Surprise Medical Office Building is currently 89.5 percent leased to three tenants. Approximately 72 percent of the building is leased to two Banner Health-affiliated tenants, Banner Medical Group and the Center for Orthopedic Research and Education, Inc., whose leases have expiration dates in 2022 and 2028, respectively. All tenant leases include annual rent escalators of between 2.5 percent and three percent.
