2019
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June 21, 2019
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 $0.361 for Class A, $0.351 for Class C, $0.365 for Class I, $0.360 for Class L, and $0.357 for Class M, or a 5.22% annualized distribution rate. The distribution will be payable on June 28, 2019 to shareholders of record as of June 20, 2019, with an ex-dividend date of June 21, 2019.
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July 09, 2019
Griffin Institutional Access Real Estate Fund Celebrates Five-Year Anniversary
Griffin Capital Company, LLC (“Griffin Capital”) announced today that its Griffin Institutional Access Real Estate Fund (NASDAQ: GIREX, GCREX, GRIFX, GLREX, GMREX; the "Fund") observed its fifth anniversary on June 30, 2019.
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July 24, 2019
Griffin Capital Essential Asset REIT Executes New Lease Transaction with Fortune 100 Company
Michael Escalante, Chief Executive Officer of the REIT stated, “We are pleased to have garnered such overwhelming support from our shareholders for the approval of the completion of the merger of Griffin Capital Essential Asset REIT and Griffin Capital Essential Asset REIT II, which closed subsequent to first quarter on April 30, 2019. As we have recently stated, the transaction significantly increased the size, scale, and diversification of the REIT. Furthermore, the merger brings additional long-term benefits to our shareholders which we expect will become more evident in our financial statements as we progress through 2019 and beyond.”
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August 05, 2019
Griffin Capital Closes First Opportunity Zone Land Acquisition In Aurora-Denver-Colorado In Joint Venture With Legacy Partners
Kevin Shields, Chairman and CEO of Griffin Capital stated, “We could not be more thrilled to acquire our first QOZ land parcel and commence development. We have assembled an outstanding group of best-in-class multifamily development partners with seven great properties, all but one of which were in the respective developer’s forward pipeline prior to the OZ legislation having been finalized; these opportunities were culled from over $3 billion of potential investment opportunities underwritten by our real estate team.”
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August 15, 2019
Griffin Capital Essential Asset REIT Reports 2019 Second Quarter Results
“The second quarter of 2019 is our first opportunity to demonstrate the financial benefits the REIT is experiencing as a result of the merger,” said Michael Escalante, Chief Executive Officer, of the REIT. “The REIT is now self-managed, resulting in a significant reduction in general and administrative expenses as it is no longer subject to asset management fees, performance fees, and other costs typically incurred by externally-managed REITs.”
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September 12, 2019
Griffin Capital Celebrates Robust Growth with Over $1.0 Billion Raised Year-to-Date for Griffin Institutional Access Real Estate Fund
“We always strive to provide investors with alternative investments of the highest caliber. Combining innovative investment structures with best-in-class asset management capabilities is paramount to our success. Our performance speaks for itself. Our ability to deliver on our stated investment objectives within a variety of market conditions over the past five years is a testament to our active management capabilities.”
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September 20, 2019
Griffin Institutional Access Real Estate Fund Announces Third Quarter Distribution
Griffin Capital Company, LLC announced today on behalf of Griffin Institutional Access Real Estate Fund (NASDAQ: GIREX, GCREX, GRIFX, GLREX, GMREX) the third quarter distribution of $0.361 for Class A, $0.350 for Class C, $0.364 for Class I, $0.359 for Class L, and $0.356 for Class M, or a 5.22% annualized distribution rate. The distribution will be payable on September 27, 2019 to shareholders of record as of September 19, 2019, with an ex-dividend date of September 20, 2019.
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September 23, 2019
Griffin Capital Essential Asset REIT Sells Office Building in Denver Tech Center for $48.8 Million
Griffin Capital Essential Asset REIT, Inc. (the “REIT”) announced the sale of a 191,368 square foot, Class “A”, seven-level office building located at 7601 Technology Way, Denver, Colorado (“Property”) for $48.8 million. The Property was originally purchased by the REIT in June 2015 as part of a portfolio acquisition.
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September 30, 2019
Griffin Capital Essential Asset REIT Completes Acquisition of McKesson Corporation’s Scottsdale, Arizona Office Property for $37.7 Million
Griffin Capital Essential Asset REIT, Inc. (the “REIT”) announced the acquisition of McKesson III (the “Property”) at a purchase price of $37.7 million from Ryan Companies US, Inc. (the “Seller”).
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October 02, 2019
Griffin Capital Securities Reports $1.5 Billion in Investor Flows Through September 2019
Mark Goldberg, CEO of Griffin Capital Securities said, “Our outstanding results are a direct reflection of our ability to assess the specific needs of each of our key distribution partners and respond with the service and support required to earn their confidence. We are privileged to have an outstanding team of professionals at Griffin who are dedicated to bringing best-in-class investment solutions and educational resources to serve our clients.”
