UBS Trumbull Property Fund
January 18, 2018

Griffin Institutional Access™ Real Estate Fund Surpasses $2 Billion in AUM

 El Segundo, Calif. (January 18, 2018) - Griffin Capital Company (“Griffin Capital”) today announced that its Griffin Institutional Access Real Estate Fund (NASDAQ: GIREX, GCREX, GRIFX, GLREX, GMREX; the “Fund”) has exceeded $2 billion in assets under management. The Fund achieved this mark on December 26, 2017, nearly three-and-a-half years since its launch on June 30, 2014.

“We could not be more pleased with reaching this significant milestone. Reaching $2 billion in assets under management demonstrates the financial community’s acceptance of the interval fund structure and the Fund’s value proposition. Access to both public real estate and private institutional real estate has proven to be a formula for success. This design coupled with excellent performance over its three-year history continues to support the Fund’s momentum,” said Randy I. Anderson, Ph.D., CRE, President, Griffin Capital Asset Management Company, LLC.

Since inception, the Fund has posted positive returns in 14 out of 14 quarters. As of December 31, 2017, the Fund’s Class A share generated an annualized return of 7.46%, a standard deviation of 1.95% and a Sharpe ratio of 3.62.1

“We attribute the Fund’s consistent, strong performance to disciplined active management while adhering to our stated objective: To deliver returns comprised of income and appreciation with low volatility and lower correlation to the broad markets,” Dr. Anderson continued.

Griffin Institutional Access Real Estate Fund provides individual investors access to real estate securities that have long been available only to institutions and ultra-wealthy individuals. The Fund is a continuously offered investment fund registered under the Investment Company Act of 1940 that reports a daily net asset value (NAV) and allows for limited liquidity. Structured as an interval fund, the Fund offers to repurchase at least five percent of outstanding shares from investors each quarter. Unlike traditional listed or exchange-traded closed-end funds, shares of the Fund are bought and sold at NAV, without a discount or premium. Investors can benefit from the Fund’s broad diversification by fund managers, sectors and geography. The Fund is available to investors through financial intermediaries affiliated with many national and regional broker-dealer firms and investment advisory firms.

Dr. Anderson concluded, “Overall, consistent economic growth has presented a favorable environment for real estate investing. We continue to see opportunities within both public and private real estate with potential to deliver favorable, risk-adjusted returns. We greatly appreciate the support of our shareholders, as well as our broker-dealer partners, and we remain focused on helping our investors pursue their long-term financial goals.”

About Griffin Institutional Access Real Estate Fund

Griffin Institutional Access Real Estate Fund (the "Fund," tickers: GIREX, GCREX, GRIFX, GLREX, GMREX), a closed-end interval fund registered under the Investment Company Act of 1940, is an actively-managed portfolio of private real estate funds and public real estate securities, diversified by property type, geography and fund manager offering daily pricing and periodic liquidity at net asset value. The Fund will make quarterly offers to repurchase between five percent and 25 percent of its outstanding shares at net asset value. The Fund began reporting on NASDAQ on June 30, 2014 with an initial class A share price of $25.00 and reported a share price of $26.75 for Class A, $26.28 for Class C, $26.91 for Class I, $26.72 for Class L, and $26.59 for Class M, as of January 17, 2018. The advisor of the Fund is Griffin Capital Advisor, LLC, a majority-owned subsidiary of Griffin Capital Company, LLC.

About Griffin Capital Company, LLC

Griffin Capital Company, LLC ("Griffin Capital") is a leading alternative investment asset manager with nearly $10 billion in assets under management as of December 31, 2017. 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 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 about Griffin Capital is available at www.griffincapital.com.

Investors should carefully consider the investment objectives,risks, charges and expenses of the Griffin Institutional Access Real Estate Fund (the "Fund"). This and other important information about the Fund is contained in the prospectus, which can be obtaied by contacting your financial advisor or visiting www.griffincapital.com. The prospectus should be read carefully beforeinvesting

Griffin Institutional Access Real Estate Fund Risk Consideration

As of December 31, 2017, the Fund’s annualized return for one year is 6.66% and 7.46% since inception. The Fund’s inception date was 6/30/2014. The total gross expense ratio is 2.30% for Class A, 3.05% for Class C, 2.04% for Class I, 2.46% for Class L and 2.73% for Class M. Performance data quoted represents past performance. Past performance is no guarantee of future results, and investment returns and principal value of the Fund will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than performance data quoted. The maximum sales charge is 5.75% for Class A shares and 4.25% for Class L shares. Class C shareholders may be subject to a contingent deferred sales charge equal to 1.00% of the original purchase price of Class C shares redeemed during the first 365 days after their purchase. The Fund has contractually agreed to waive its fees to the extent that they exceed 1.91% for Class A, 2.66% for Class C, 1.66% for Class I, 2.16% for Class L, and 2.41% for Class M until February 1, 2019. Without the waiver, the expenses would have been higher. The Fund return does not reflect the deduction of all fees and if the Fund return reflected the deduction of such fees, the performance would be lower. Visit www.griffincapital.com for current performance.

The Fund will not invest in real estate directly, but, because the Fund will concentrate its investments in securities of REITs and other real estate industry issuers, its portfolio will be significantly impacted by the performance of the real estate market and may experience more volatility and be exposed to greater risk than a more diversified portfolio. The value of companies engaged in the real estate industry is affected by: (i) changes in general economic and market conditions; (ii) changes in the value of real estate properties; (iii) risks related to local economic conditions, overbuilding and increased competition; (iv) increases in property taxes and operating expenses; (v) changes in zoning laws; (vi) casualty and condemnation losses; (vii) variations in rental income, neighborhood values or the appeal of property to tenants; (viii) the availability of financing and (ix) changes in interest rates and leverage.

Investors in the Fund should understand that the NAV of the Fund will fluctuate, which may result in a loss of the principal amount invested. The Fund provides liquidity to shareholders quarterly between five percent and 25 percent of its outstanding shares at net asset value.

Sources of distributions to shareholders for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. Pursuant to Section 852 of the Internal Revenue Code, the taxability of distributions will be reported on Form 1099-DIV.

All performance calculations and metrics are sourced from Morningstar Direct and are based on monthly data. CALCULATIONS AND METRICS REFLECT A LOAD WAIVED CLASS A SHARE. Investors of the load waived class A share do not pay a front-end sales load.

S&P 500: An index based on market cap of the 500 largest companies having stock listed on the New York Stock Exchange (NYSE) or NASDAQ. One may not directly invest in an index.

Sharpe Ratio: Measures risk-adjusted returns by calculating the excess return (above the risk free rate) per unit of risk (standard deviation). The higher the ratio, the better the risk-adjusted returns. The average three month U.S. Treasury T-Bill auction was used as the risk free rate in this material.

Standard Deviation: Measures the average deviations of a return series from its mean and is often used as a measure of volatility/risk. A large standard deviation implies that there have been large swings in the return series of the manager.

Griffin Institutional Access Real Estate Fund is distributed by ALPS Distributors, Inc. ALPS Distributors, Inc. is not affiliated with either Griffin Capital or any of its affiliates.

1Source: Morningstar Direct. Past performance is no guarantee of future results. Performance reflects the reinvestment of dividends and other distributions. All metrics are based on load waived Class A shares and do not reflect a maximum sales charge of 5.75% for Class A shares. If the data reflected the deduction of such fees, the performance would be lower.

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Jennifer Nahas

Vice President, Marketing
Griffin Capital Company, LLC

Office Phone: 949-270-9332 Cell Phone: 949-433-6860

Julius Buchanan

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Joseph Kuo

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