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2018
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July 31, 2018
Griffin-American Healthcare REIT IV Acquires Medical Office Building Near Seattle
“Edmonds Medical Office Building is strategically located within a thriving medical corridor in Greater Seattle and is fully leased to multiple tenants, including some of the largest health systems in the region," said Stefan Oh, executive vice president of acquisitions for American Healthcare Investors and Griffin-American Healthcare REIT IV. “Additionally, the building is in close proximity to one of the area’s busiest hospitals and enjoys a healthy average remaining lease term of approximately eight years. Considering all of these factors, we believe Edmonds Medical Office Building is an exceptional addition to the Griffin-American Healthcare REIT IV portfolio.”
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July 30, 2018
Griffin Capital Company Partners with Habitat for Humanity to Build Homes for Low-Income Families in Culver City
David Rupert, President of Griffin Capital, said, “As a growing firm that has enjoyed more than two decades of success investing capital on behalf of individual investors, we view volunteer service as an honor and a responsibility. Our entire organization has always strived to support the well-being of the local communities where our more than 170 employees live and work. Building affordable housing has been a priority of our firm for years, and for individual employees, myself included, our involvement with Habitat goes back decades. We are big believers that affordable housing, having a place to call home, is a crucial starting point for achieving financial stability.”
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July 11, 2018
Griffin Capital Essential Asset REIT II Expands Credit Facility to $750 Million
“We are pleased to complete this refinancing as it extends the maturity, lowers financing costs and provides us with ongoing flexibility and access to more than $200 million of undrawn borrowing capacity as of the closing date, soundly positioning us for continued growth,” explained Javier Bitar, chief financial officer of the REIT. “We appreciate the support of the premier financial institutions that have elected to partner with us in this credit facility and the confidence they have expressed in our business model and the strength of our financial position.”
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July 10, 2018
Griffin Capital Essential Asset REIT II Reports Increase in NAV
The steady growth in the NAV was largely attributable to the robust fundamentals inherent in the REIT’s underlying real estate portfolio including a weighted average remaining lease duration of approximately 10 years, fortified by cash flow that is over 82% attributable to tenants with an investment grade credit rating and contractual annual rental rate increases of over 2%.
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July 09, 2018
Griffin-Bain Capital Credit Interval Fund Closes First Direct Origination Investment
“We are proud of our performance thus far, outperforming the leveraged loan index as well as traditional bonds,” said Jeff Hawkins, COO of Bain Capital Credit. “Alternative credit has historically performed well within a variety of market conditions and we believe the Fund is well positioned in today’s dynamic market environment.”
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July 09, 2018
Griffin-American Healthcare REIT IV Acquires Medical Office Building in Grand Junction, Colorado
“Grand Junction Medical Office Building is a premier medical office building in the Grand Valley region of western Colorado and is an important component of the medical delivery network for the 150,000 people living in and around Grand Junction,” said Stefan Oh, executive vice president of acquisitions for American Healthcare Investors and Griffin-American Healthcare REIT IV. “Additionally, by the year 2035, as part of the Grand Junction Comprehensive Plan, the city anticipates doubling its population through strategic commercial real estate developments and transportation improvements, which we believe may drive even greater long-term value for the building, our portfolio and our investors.”
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July 06, 2018
Griffin-American Healthcare REIT IV Acquires Assisted Living Facility in Beaumont, Texas for $19.5 Million
“The acquisition of Pinnacle Beaumont Assisted Living Facility further diversifies our growing portfolio in terms of asset class as well as geographically,” said Stefan Oh, executive vice president of acquisitions for American Healthcare Investors and Griffin-American Healthcare REIT IV. “In addition, this acquisition expands our relationship with Meridian Senior Living, a senior housing operator with extensive experience and expertise.”
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June 22, 2018
Griffin Institutional Access Real Estate Fund Announces Second Quarter Distribution
Griffin Capital Company, LLC announced today on behalf of Griffin Institutional Access Real Estate Fund (NASDAQ: GIREX, GCREX, GRIFX, GLREX, GMREX) the second quarter distribution of $0.354 for Class A, $0.347 for Class C, $0.357 for Class I, $0.353 for Class L, and $0.351 for Class M, or a 5.22% annualized distribution rate. The distribution will be payable on June 29, 2018 to shareholders of record as of June 21, 2018, with an ex-dividend date of June 22, 2018.
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June 11, 2018
Griffin Capital Essential Asset REIT Hits Milestone with Payment of its May Monthly Distribution
“This payment history milestone is a testament of the REIT’s commitment to providing robust and durable income to our shareholders,” said Kevin Shields, Chairman and Chief Executive Officer of Griffin Capital. “The payment also validates our strategy of purchasing office and industrial properties that we believe are essential to creditworthy tenants.”
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June 06, 2018
Griffin Capital Securities Achieves Record Growth Across All Intermediary Distribution Channels
Mark Goldberg, CEO of Griffin Capital Securities, LLC said, “Demand is rising for alternative investment strategies that improve portfolio construction and deliver superior risk-adjusted performance. We are seeing increased demand for all our strategies across all intermediary platforms. I am proud of our best-in-class distribution team. They remain focused on providing investment solutions and superior service to financial intermediaries who have entrusted us with their clients’ savings and investment needs.”
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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.’