2019

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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.”

December 20, 2019

Griffin Institutional Access Real Estate Fund Announces Fourth Quarter Distribution

Griffin Capital Company, LLC announced today on behalf of Griffin Institutional Access Real Estate Fund (NASDAQ: GIREX, GCREX, GRIFX, GLREX, GMREX) the fourth quarter distribution of $0.359 for Class A, $0.348 for Class C, $0.363 for Class I, $0.357 for Class L, and $0.354 for Class M, or a 5.22% annualized distribution rate. The distribution will be payable on December 27, 2019 to shareholders of record as of December 19, 2019, with an ex-dividend date of December 20, 2019.

December 10, 2019

Griffin Institutional Access Real Estate Fund Surpasses $4 Billion in Assets Under Management

El Segundo, Calif. (December 10, 2019) – Griffin Capital Company, LLC (“Griffin Capital”) announced today that Griffin Institutional Access Real Estate Fund surpassed $4 billion in assets under management.

November 25, 2019

Griffin Capital Announces Two 1031 Exchange Delaware Statutory Trust Offerings are Fully Subscribed

South Beach Apartments, located seven miles west of the Las Vegas Strip, was purchased for $62.0 million. The property is a recently constructed Class A, 220-unit, highly-amenitized, resort-style apartment complex, conveniently located near major thoroughfares, retail and employment centers in Las Vegas. The total equity raised was $32.7 million.

November 25, 2019

Griffin Capital Essential Asset REIT Sells Office Building in El Segundo, CA for $63.5 Million

In response to abundant investor demand for value-add office property investment opportunities, the REIT made a strategic decision to position the property for sale. Recognizing that value-add buyers prefer vacant buildings, the REIT’s team bought out and terminated the sole tenant’s lease and did so on an accretive basis.

November 12, 2019

Griffin Capital Essential Asset REIT Reports 2019 Third Quarter Results

The REIT had an active third quarter successfully executing the following transactions: acquisition of a McKesson Office Campus (“McKesson II”) in Scottsdale, Arizona, sale of properties in Fort Worth, Texas, Lynwood, Washington and Denver, Colorado, and realization of occupancies from new leases totaling 211,048 square feet.

October 28, 2019

Griffin Capital Company Launches New Branding Initiative

“Our company has grown and evolved significantly over the past few years,” said Kevin Shields, Chairman and CEO of Griffin Capital Company. “This rebrand represents the innovative and progressive company we have built and continue to develop for our employees, partners and clients.

October 04, 2019

Griffin-American Healthcare REIT III Announces Updated Estimated Per Share Net Asset Value of $9.40

Griffin-American Healthcare REIT III, Inc. announced today that its board of directors has approved an updated estimated per share net asset value (“NAV”) of its common stock of $9.40 calculated as of June 30, 2019. Previously, on Oct. 5, 2016, the board approved an estimated per share NAV of $9.01 calculated as of June 30, 2016; on Oct. 4, 2017, the board approved an estimated per share NAV of $9.27 calculated as of June 30, 2017, and on Oct. 4, 2018, the board approved an estimated per share NAV of $9.37 calculated as of June 30, 2018.

October 02, 2019

Griffin Capital Securities Reports $1.5 Billion in Investor Flows Through September 2019

Mark Goldberg, CEO of Griffin Capital Securities said, “Our outstanding results are a direct reflection of our ability to assess the specific needs of each of our key distribution partners and respond with the service and support required to earn their confidence. We are privileged to have an outstanding team of professionals at Griffin who are dedicated to bringing best-in-class investment solutions and educational resources to serve our clients.”

September 30, 2019

Griffin Capital Essential Asset REIT Completes Acquisition of McKesson Corporation’s Scottsdale, Arizona Office Property for $37.7 Million

Griffin Capital Essential Asset REIT, Inc. (the “REIT”) announced the acquisition of McKesson III (the “Property”) at a purchase price of $37.7 million from Ryan Companies US, Inc. (the “Seller”).

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