Griffin Capital Essential Asset REIT Reports Second Quarter 2017 Results
August 22, 2017

Griffin Capital Essential Asset REIT Reports Second Quarter 2017 Results

EL SEGUNDO, Calif. (August 22, 2017) - Griffin Capital Essential Asset REIT, Inc. (the “REIT”) announced its operating results for the quarter ended June 30, 2017. As of June 30, 2017, the REIT’s portfolio consisted of 74(1) assets encompassing approximately 18.8 million(1) square feet of space in 20 states with a total acquisition value of $3.0 billion(1).

Kevin Shields, Chairman and Chief Executive Officer of the REIT commented, "Our solid second quarter financial results reflect the success of our strategic fundamentals for creating shareholder value, which emphasize current income and longer-term capital appreciation opportunities driven by careful acquisition and disciplined management of top quality commercial properties in fast-growing metropolitan markets. We've maintained our longstanding focus on having a strong balance sheet, while generating stable rental revenues from investment grade tenants and guarantors in long-term lease agreements. Looking ahead, we're confident that macro drivers in the markets and domestic economy, particularly with respect to rising valuations for the types of commercial properties that comprise our portfolio of assets, position the REIT well for the future.”

1 Excludes the property information related to the acquisition of an 80% ownership interest in a joint venture with affiliates of Digital Realty Trust, L.P.

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