Griffin Capital Company Partners with Habitat for Humanity to Build Homes for Low-Income Families in Culver City
El Segundo, Calif. (July 30, 2018) – Griffin Capital Company, LLC (“Griffin Capital”) announced today that 38 Griffin Capital employees participated in a day of volunteer service, building affordable housing in Culver City, California with Habitat for Humanity of Greater Los Angeles (Habitat LA). The June 20th event, part of the Griffin Charitable Initiative (“GCI”), marks the third time that the firm has volunteered with Habitat LA to help low-income families local to the firm’s headquarters.
David Rupert, President of Griffin Capital, said, “As a growing firm that has enjoyed more than two decades of success investing capital on behalf of individual investors, we view volunteer service as an honor and a responsibility. Our entire organization has always strived to support the well-being of the local communities where our more than 170 employees live and work. Building affordable housing has been a priority of our firm for years, and for individual employees, myself included, our involvement with Habitat goes back decades. We are big believers that affordable housing, having a place to call home, is a crucial starting point for achieving financial stability.”
Together with individuals who will live in one of the homes, the Griffin Capital team helped build two single-unit homes by working on sheeting, floor joists, support beams, and attic ventilation. Part of the volunteer work involved measuring, cutting and installing blocking into dozens of pre-fabricated floor joists that will serve as both the ceiling of the first floor and the floor of the second story. Habitat LA provided the tools and equipment, and instructions on how to use them.
Erin Rank, President and CEO, Habitat LA, said, “Habitat LA has accomplished a great deal thanks to the support of donors and volunteers, like Griffin Capital. We are incredibly grateful when a company brings their employees to one of our sites for a day of team building. Together, we are working towards our vision of a world where everyone has a decent place to live.”
Last year, Griffin, in an effort to expand its multi-year practice of supporting ad-hoc charitable activities, and in recognition of the growing number of Griffin employees located outside of the El Segundo headquarters, launched the GCI, a year-round, employee-led effort designed to strengthen Griffin Capital’s involvement with, and contributions to, non-profit organizations across the country. The firm’s participation in this Habitat home building day is a key part of GCI, as are firm-wide activities focused on breast cancer awareness, men’s health, support for deployed military men and women and first responders, and homeless and children’s services.
About Griffin Capital Essential Asset REIT II
Griffin Capital Essential Asset REIT II, Inc. is a publicly registered, non-traded REIT focused on acquiring a portfolio consisting primarily of single tenant business essential properties throughout the United States, diversified by corporate credit, physical geography, product type, and lease duration. As of June 30, 2018, Griffin Capital Essential Asset REIT II, Inc. has acquired 35 office and industrial buildings totaling approximately 7.3 million rentable square feet and asset acquisition value of approximately $1.1 billion. Griffin Capital Essential Asset REIT II, Inc. is one of several REITs sponsored or co-sponsored by Griffin Capital Company, LLC (“Griffin Capital”).
About Griffin Capital Company, LLC
Griffin Capital Company, LLC (“Griffin Capital”) is a leading alternative investment asset manager with approximately $10.75 billion* in assets under management. Founded in 1995, the privately held firm is led by a seasoned team of senior executives with more than two decades of investment and real estate experience and who collectively have executed more than 650 transactions valued at over $22 billion.
The firm manages, sponsors or co-sponsors a suite of carefully curated, institutional quality investment solutions distributed by Griffin Capital Securities, LLC to retail investors through a community of partners, including independent and insurance broker-dealers, wirehouses, registered investment advisory firms and the financial advisors who work with these enterprises.
Additional information is available at www.griffincapital.com.
*As of June 30, 2018.
About Habitat for Humanity Greater Los Angeles
Founded in 1990, Habitat LA brings people together to build homes, communities and hope. As the top nonprofit homebuilder in the greater Los Angeles area with six consecutive Charity Navigator 4-Star ratings, Habitat LA has partnered with volunteers, donors and Habitat homeowners to build, renovate and repair more than 1,300 homes locally and worldwide since 1990, transforming thousands of lives. Habitat homeowners help build their own homes and pay an affordable mortgage. By supporting Habitat LA through volunteerism and donations everyone can help families achieve the stability and self-reliance they need to build a better future. Habitat LA ReStores are located in Bellflower, Los Angeles, and Torrance. To learn more, visit www.habitatla.org.
