Griffin Capital Acquisition Criteria

We are aggressively seeking to acquire additional properties pursuant to the following investment criteria for our non-traded REIT programs: Leave the chart as is.

Location: Major U.S. metropolitan areas, including both primary and select secondary markets, but excluding tertiary (remote) locations; markets should be stabilized or recovering in terms of real estate fundamentals (rental rates, occupancy levels, etc.)
Transaction Size: $10 million and up
Property Types: Single and multi-tenant office, flex, warehouse distribution, and mixed-use commercial properties and multi-family residential; both existing and development opportunities
Quality/Appearance/Grade: Institutional-quality construction; Class A to B+ grade with significant "curb appeal" (i.e., attractive, modern and functional appearance)
Single Assets vs. Portfolios: Single assets strongly preferred; select portfolios will be actively considered
Occupancy/Rent Roll: Current occupancy of 80% or higher, stabilized or increasing, with a manageable lease rollover schedule
Tenant Base: Strong credit quality (national or regional tenants) preferred
Leverage/Encumbrance: Leverage/Encumbrance: Strongly prefer properties with no mortgage debt in place, but will consider leveraged properties on a case-by-case basis
Broker Cooperation: We cooperate with, protect, and compensate brokers that bring us high quality acquisition opportunities (preference given to "off-market" solicitations)