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2020
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March 20, 2020
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 $0.333 for Class A, $0.322 for Class C, $0.337 for Class I, $0.331 for Class L, and $0.327 for Class M, or a 5.22% annualized distribution rate. The distribution will be payable on March 27, 2020 to shareholders of record as of March 19, 2020, with an ex-dividend date of March 20, 2020.
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March 05, 2020
Griffin Capital Essential Asset REIT Reports Fourth Quarter and Year Ended December 31, 2019 Results
“2019 was a transformative year with the completion of our merger in April to grow into a $4.6 billion internally managed REIT while continually demonstrating our experience as operators of real estate with robust leasing activity and accretive capital transactions. These achievements will meaningfully contribute to our future performance and provide a solid example of our proactive approach to managing net lease real estate.”
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February 12, 2020
Griffin Capital Essential Asset REIT Acquires Industrial Building in Winston-Salem, North Carolina for $34.9 Million
The REIT purchased the Property for approximately $34.9 million as part of a 1031 exchange associated with the recent sale of a property located in West Jefferson, Ohio.
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January 29, 2020
Griffin Capital Reaches New Record of $2.43 Billion of Equity Raise in 2019
During the year, the company raised a total of approximately $2.43 billion (including approximately $.25 billion in Distribution Reinvestment Programs), a record for the firm, and a 49.7 percent increase over 2018.
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January 07, 2020
Griffin Capital Plans Dynamic, New Creative Office Development in Los Angeles, El Segundo
Kevin A. Shields, Chairman and CEO of Griffin Capital commented, “we worked on this transaction for over two years and are excited to develop these parcels into what we believe will be an attractive, visually-stimulating entrance into the Smoky Hollow area of this rapidly-evolving neighborhood.”
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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.’