December 30, 2014

Griffin Institutional Access Real Estate Fund Pays Fourth Quarter Dividend, a 7.63% Increase over Last Quarters Initial Dividend Payment

El Segundo, CA – (December 30, 2014) Griffin Institutional Access Real Estate Fund (“GIREX”), which began reporting on NASDAQ on June 30, 2014 at a share price of $25.00, is pleased to announce that shareholders of record as of December 22, 2014 received a distribution of $0.32438 per share, or a 5% annualized distribution rate based on a share price of $25.95. This distribution will be paid on December 31, 2014 and represents a 7.63% increase per share over last quarter’s dividend.

About Griffin Institutional Access Real Estate Fund and Griffin Capital Corporation
Griffin Institutional Access Real Estate Fund (NASDAQ: GIREX), 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 offering daily pricing and periodic liquidity at net asset value. GIREX began reporting on NASDAQ on June 30, 2014 with an initial share price of $25.00 and reported a share price of $25.70 as of December 29, 2014. The advisor of GIREX is Griffin Capital Advisor, LLC, a majority owned subsidiary of Griffin Capital Corporation. Griffin Capital Corporation is a privately-owned real estate company headquartered in Los Angeles, that, together with affiliates, has acquired or constructed over 32 million square feet of space since 1995, and currently owns, manages, sponsors and/or co-sponsors an institutional-quality portfolio of approximately 18 million square feet located in 21 states, representing approximately $2.7 billion in asset value as of December 16, 2014. Additional information about Griffin Capital Corporation is available at

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

Griffin Institutional Access Real Estate Fund Risk Considerations
As of 09/30/14 the fund has returned 2.46%. The GIREX inception date was 6/30/2014. GIREX gross expense ratio is 2.63%. 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. Call 1-949-270-9300 for current month end performance. The maximum sales charge is 5.75%. Purchases of $1,000,001 or more may be subject to a contingent deferred sales charge on shares redeemed during the first 365 days after their purchase. GIREX has contractually agreed to waive its fees to the extent that they exceed 1.91% until June 30, 2015. Without the waiver the expenses would have been higher. The NAV 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.

The Fund distribution rate is the annual yield a Fund investor would receive in distributions if the most recent Fund distribution stayed consistent going forward. It is calculated by annualizing the most recent Fund distribution and dividing by the current Fund NAV. The yield represents a single distribution from the Fund and does not represent the total returns of the Fund.

GIREX 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 GIREX should understand that the net asset value (“NAV”) of GIREX will fluctuate, which may result in a loss of the principal amount invested. GIREX is new with limited operating history. GIREX is a closed-end interval fund that provides liquidity to shareholders quarterly between five percent and 25 percent of its outstanding shares at net asset value. All or a portion of the distribution may be comprised of a return of capital.

Opinions expressed are current opinions as of the date appearing in this material only. No part of this material may, without the prior written consent of Griffin Capital, be (i) copied, photocopied or duplicated in any form, by any means, or (ii) distributed to any person that is not an employee, officer, director, or authorized agent of the recipient.

GIREX is distributed by ALPS Distributors, Inc. ALPS Distributors, Inc. is not affiliated with either Griffin Capital or any of its affiliates.