Private Equity
image
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.
image
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.
image
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.
image
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.
image
November 05, 2019
Griffin Capital Essential Asset REIT Adds Real Estate Industry Veterans to its Executive Management Line-up
Griffin Capital Essential Asset REIT, Inc. (GCEAR) announced the addition of three highly-regarded industry veterans to its executive management team in support of the company’s strategic expansion. Michael Escalante, Chief Executive Officer, announced the hiring of the following seasoned real estate professionals to diversify its equity base, enhance its industrial market capabilities and expand its in-house legal team.
image
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.
image
October 14, 2019
Griffin Capital Essential Asset REIT Sells Industrial Building in West Jefferson, Ohio for $30.3 Million
“We are extremely gratified by how well this transaction aligns with the REIT’s strategic goals and objectives. It exemplifies our team’s ability to execute on our main objective of maximizing investor returns.” - Mr. Escalante
image
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.
image
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.”
image
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”).
