2019
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October 04, 2019
Griffin-American Healthcare REIT III Announces Updated Estimated Per Share Net Asset Value of $9.40
Griffin-American Healthcare REIT III, Inc. announced today that its board of directors has approved an updated estimated per share net asset value (“NAV”) of its common stock of $9.40 calculated as of June 30, 2019. Previously, on Oct. 5, 2016, the board approved an estimated per share NAV of $9.01 calculated as of June 30, 2016; on Oct. 4, 2017, the board approved an estimated per share NAV of $9.27 calculated as of June 30, 2017, and on Oct. 4, 2018, the board approved an estimated per share NAV of $9.37 calculated as of June 30, 2018.
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October 14, 2019
Griffin Capital Essential Asset REIT Sells Industrial Building in West Jefferson, Ohio for $30.3 Million
“We are extremely gratified by how well this transaction aligns with the REIT’s strategic goals and objectives. It exemplifies our team’s ability to execute on our main objective of maximizing investor returns.” - Mr. Escalante
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October 28, 2019
Griffin Capital Company Launches New Branding Initiative
“Our company has grown and evolved significantly over the past few years,” said Kevin Shields, Chairman and CEO of Griffin Capital Company. “This rebrand represents the innovative and progressive company we have built and continue to develop for our employees, partners and clients.
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November 05, 2019
Griffin Capital Essential Asset REIT Adds Real Estate Industry Veterans to its Executive Management Line-up
Griffin Capital Essential Asset REIT, Inc. (GCEAR) announced the addition of three highly-regarded industry veterans to its executive management team in support of the company’s strategic expansion. Michael Escalante, Chief Executive Officer, announced the hiring of the following seasoned real estate professionals to diversify its equity base, enhance its industrial market capabilities and expand its in-house legal team.
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November 12, 2019
Griffin Capital Essential Asset REIT Reports 2019 Third Quarter Results
The REIT had an active third quarter successfully executing the following transactions: acquisition of a McKesson Office Campus (“McKesson II”) in Scottsdale, Arizona, sale of properties in Fort Worth, Texas, Lynwood, Washington and Denver, Colorado, and realization of occupancies from new leases totaling 211,048 square feet.
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November 25, 2019
Griffin Capital Essential Asset REIT Sells Office Building in El Segundo, CA for $63.5 Million
In response to abundant investor demand for value-add office property investment opportunities, the REIT made a strategic decision to position the property for sale. Recognizing that value-add buyers prefer vacant buildings, the REIT’s team bought out and terminated the sole tenant’s lease and did so on an accretive basis.
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November 25, 2019
Griffin Capital Announces Two 1031 Exchange Delaware Statutory Trust Offerings are Fully Subscribed
South Beach Apartments, located seven miles west of the Las Vegas Strip, was purchased for $62.0 million. The property is a recently constructed Class A, 220-unit, highly-amenitized, resort-style apartment complex, conveniently located near major thoroughfares, retail and employment centers in Las Vegas. The total equity raised was $32.7 million.
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December 10, 2019
Griffin Institutional Access Real Estate Fund Surpasses $4 Billion in Assets Under Management
El Segundo, Calif. (December 10, 2019) – Griffin Capital Company, LLC (“Griffin Capital”) announced today that Griffin Institutional Access Real Estate Fund surpassed $4 billion in assets under management.
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December 20, 2019
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 $0.359 for Class A, $0.348 for Class C, $0.363 for Class I, $0.357 for Class L, and $0.354 for Class M, or a 5.22% annualized distribution rate. The distribution will be payable on December 27, 2019 to shareholders of record as of December 19, 2019, with an ex-dividend date of December 20, 2019.
