Blue chip companies are well-known publicly traded companies that typically make up the Dow Jones Industrial Average or the S&P 500 Index. Firms that fail to do so, may be held responsible for any losses. ", "Good intelligent attorneys who never miss a beat. PHOENIX--CIM Real Estate Finance Trust, Inc. ("CMFT") announced today it has acquired CIM Income NAV, Inc. ("INAV") in a stock-for-stock, tax-free merger transaction pursuant to the definitive agreement executed in September 2021. GRT has not approved or sponsored its tenants or their products and services. Every subsequent interaction I had with any of you - in person, via email, or by phone - only corroborated that feeling. By accepting, you are consenting to our use of this technology and the capture of this data. Highlights for the Quarter Ended June. in cash. The White Law Group continues to investigate potential securities claims involving the liability that brokerage firms may have for improperly recommending Griffin Realty Trust Inc. to investors. Find the latest performance data chart, historical data and news for Griffin Capital Essential Asset REIT II, Inc. Class E Shares (ZGEAEX) at Nasdaq.com. If you have an ad-blocker enabled you may be blocked from proceeding. Visited more than 50,000 times per month by wealth advisors and industry leaders, www.TheDIWire.com is an invaluable resource for anyone interested in the illiquid alternative investment industry. Share Redemption Form Instructions. The REIT also notedthat it has temporarily suspended its quarterly publishing of net asset value per share of common stockdue to certainstrategic initiativesthat the REIT currently is pursuing, according to filings with the SEC. If you disable this cookie, we will not be able to save your preferences. Broker dealers are required to inform clients of the risks associated with investment recommendations and to ensure that those recommendations are suitable for the investor in light of the investors age, risk tolerance, net worth, and investment experience. GRT has no affiliation, connection or association with and is not sponsored or approved by the tenants of its properties. All copies must include this copyright statement. Griffin Realty Trust uses 'cookies' and processes data like IP-addresses or browser information to help us compile aggregate data about site traffic and site interaction so that we . Youve been a wonderful lawyer and a friend. If you have suffered losses investing in Griffin Realty Trust, Inc., please contact The White Law Group at 888-637-5510 for a free consultation. Griffin Realty Trust, Inc.'s latest 10-Q financial filing, filed on 2022-11-14. catalyst for creating strong, risk-adjusted performance. Investors looking to sell often have difficulty finding a buyer, and can suffer significant losses on the sale. November 15, 2022 Griffin Realty Trust, Inc. Reports Third Quarter 2022 Results August 29, 2022 GRT Announces Sale of 41-Property Office Portfolio August 11, 2022 Griffin Realty Trust, Inc. Reports Second Quarter 2022 Results August 5, 2022 GRT Announces Strategic Monetization Process, Updates Net Asset Value and Reinstates Share Redemption Plan It has a portfolio of mostly single tenant business essential properties in the United States. el segundo, calif.-- ( business wire )--griffin realty trust, inc. ("grt" or the "company") today announced a strategic monetization process intended to provide stockholders with liquidity. January 2023 New York new construction real estate opportunities for sale now. Get the latest Griffin Realty Trust Inc. - Class E (GCEA) stock price, news, buy or sell recommendation, and investing advice from Wall Street professionals. Pursuant to the terms of the merger agreement, NorthStar Realty acquired all of the outstanding shares of Griffin-American in a stock and cash transaction valued at $4 billion. Our Capabilities GRIFFIN CAPITAL BY THE NUMBERS $ 22 B Owned/Managed/ Sponsored/Co-Sponsored Do not miss the opportunity to let SSEK represent you. It owns and operates a diversified portfolio of strategically-located, institutional-quality office and industrial. Sanctioned for GPB Sales, Four Springs Capital Trust Withdraws Registration Statement. All Rights Reserved. As such, we believe that part of our role as attorney is to offer a supportive environment for our clients and to provide advice and support as we attempt to recover these investment losses. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. Griffin Realty Trust uses cookies and processes data like IP-addresses or browser information to help us compile aggregate data about site traffic and site interaction so that we can offer better user experiences. For more information on the firm, visitwww.WhiteSecuritiesLaw.com. Redemptions begin this quarter, and the first redemption date is September 30, 2022. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. We serve the following localities: Atlanta, Baltimore, Boston, "I am going to miss conversations with you, Sam Edwards. The buyer is a consortium led by Thomas A. Rizk and Roger W. Thomas, founders of Workspace Property Trust. Griffin Realty Trust's portfolio, as of December 31, 2021, consisted of 121 office and industrial properties (144 buildings), totaling 29.2 million in rentable square feet, located in 26 states . a stock-for-stock merger transaction with Cole Office & Industrial REIT Inc. Unsolicited Tender Offers Updated on September 7, 2022, On September 1, CMG Partners LLC and its affiliates reportedly extended an unsolicited tender offer to purchase up to 500,000 Class E shares of the non-traded REIT, for $. Everyone I dealt with was exceptional. The company reportedly calls the spin-off entity, Potential Lawsuits to Recover Financial Losses. Griffin Realty Trust (GRT) has sold a majority interest in a 41-property office portfolio, consisting of 53 buildings and one land parcel, valued at $1.132 billion. Non-traded REIT investors should expect to hold on to their investments for years. 10-K Annual Report Summary 10-K Annual Report 10-K YoY Changes. Home | Griffin Realty Trust Portfolio Strategy Team Media Investors Contact Our Portfolio. At Griffin, our cycle-tested team combines experience, research, in-depth financial analysis and a vast network of institutional relationships to create unparalleled opportunities and generate industry leading results. Griffin Realty Trust | Securities Fraud Lawyers. 2023 Griffin Realty Trust. Petersburg, and Washington, D.C. NAV as of 6/30/2022 GRT has not approved or sponsored its tenants or their products and services. The DI Wire is the definitive news source for the illiquid alternative investment industry. link | Resources | GRIFFIN REALTY TRUST. CMFT is a non-traded real estate investment trust ("REIT") managed by affiliates of CIM Group, LLC . Market-leading rankings and editorial commentary - see the top law firms & lawyers for Real estate investment trusts (REITs) in United States With great appreciation, thank you! All Rights Reserved. Unfortunately, distributions from non-traded real estate investment trusts are not guaranteed. Back to Investors. Vornado Realty Trust and Rudin Management have reached a deal with Griffin's Citadel that allows the developers to construct a 1.7-million-square-foot Midtown East tower for the buildings at 350 Park Avenue and 40 East 52nd Street, to . ", "Good positive experience. The Boardhas previously notedthatit is possible that in the future additional liquidity will be made available to you, though we can make no assurances as to whether that will happen, or the timing or terms of any such liquidity and whether any such liquidity will be available at a price in excess of the CMG Offer price. To learn more, see: Griffin Realty Trust Plans Spin-off, Liquidation as NAV Declines. , Inc. is the distributor of the Griffin Institutional Access Credit Fund and the Griffin Institutional Access Real Estate Fund. Lack of liquidity is often problematic for many investors. The White Law Group is a national securities fraud, securities arbitration, investor protection and securities regulatory/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida. The only media site dedicated exclusively to the coverage of non-traded REITs, business development companies, interval funds, closed-end funds, DSTs and the full range of private placement offerings, The DI Wire has grown to become the most trusted news source for the community of sponsors, broker-dealers and wealth advisors who provide these investment offerings to millions of American retail investors. The initial offering price was $10.00/share. Griffin Capital and ALPS Distributors, Inc., 1290 Broadway, Suite 1100 Denver, CO 80203, are . I loved learning legal jargon from you. It owns and operates an institutional-quality portfolio of net-leased office and industrial assets.. The Companys portfolio, as of November 1, 2022, includes 79 wholly owned office and industrial properties (89 buildings), totaling 21.1 million in rentable square feet, located in 24 states, as well as an equity interest in a joint venture that owns 41 office properties. Written by The White Law Group October 6, 2021 The MacKenzie offer price is approximately 45 percent less than the REITs most recent net asset value per share of $7.42, as of June 30, 2022. The White Law Group continues to investigate potential securities claims involving the liability that brokerage firms may have for recommending Griffin Realty Trust Inc. to investors. According to the filings, the company reported that the lowered NAV is due to thedecrease in the value of office properties, which was partially offset by an increase in the value of its industrial properties. According to the filings, the company reported that the lowered NAV is due to thedecrease in the value of office properties, which was partially offset by an increase in the value of its industrial properties. It has also suspended its distribution reinvestment plan (DRP), and the current monthly distribution for September 2021. Griffin Capital Company, LLC (Griffin Capital) is a vertically-integrated real estate investment company focused on bespoke investment strategies underpinned by durable secular growth themes as a catalyst for creating strong, risk-adjusted performance. The trouble with non-tradedREITs isthat they are complex and inherently risky products. The Company owns and operates a . Lack of liquidity is often problematic for many investors. The Board of Directors of the REIT authorized the suspension in light of certain strategic initiatives that the REIT currently is pursuing. Fill out the contact form or call us at (800) 259-9010 to schedule your free consultation. Unfortunately, there are Griffin Realty Trust investors who have reported significant investment losses. Blue chip companies are well-known publicly traded companies that typically make up the Dow Jones Industrial Average or the S&P 500 Index. This website uses cookies so that we can provide you with the best user experience possible. If you disable this cookie, we will not be able to save your preferences. Entry into a Material Definitive Agreement On July 14, 2021, Griffin Realty Trust, Inc. (the "Registrant"), through GRT OP, L.P. (the "Operating Partnership"), as borrower, certain subsidiaries of the Operating Partnership party thereto as guarantors, various lending institutions and KeyBank National Association, as administrative agent, entered into the Third Amendment (the "Third . Password. Find the data you need, view the source filings, fewer clicks, quicker speeds. In filings with the Securities and Exchange Commission (SEC), Griffin Realty Trust said it was suspending publishing its NAV per share of common stock every quarter because of strategic initiatives.. Accession Number: 0001600626-22-000131. Blog, Current Investigations. Popular Channels. There have been no changes to the proposals to be voted on at the Annual Meeting. "Risk Factors" and Part II, Item 7. We pride ourselves on providing quality legal services to our clients and handle securities fraud cases throughout the country. PreMarket Prep; There is a quarterly cap of $5 million on total redemptions, and the next redemption date is September 30, 2022. Griffin Capital Company, LLC (Griffin Capital) is a vertically-integrated real About Griffin Realty Trust, Inc. Griffin Realty Trust, Inc. - America's Blue-Chip Landlord TM - is an internally managed, publicly-registered, non-traded REIT. 2023 Griffin Realty Trust. The forward-looking statements speak only as of the date of this press release. Griffin Capital has owned, managed, sponsored or co-sponsored investment programs encompassing over $20 billion in assets. Username. Griffin Realty Trust (formerly known as Griffin Capital Essential Asset REIT), a publicly registered non-traded REIT, is focused on business-essential office and industrial properties that are primarily net leased to single tenants, according to its website. 149 0 obj <> endobj 217 0 obj <>/Filter/FlateDecode/ID[<5463D9D8FF8B4A4CB41AA2CB29EEA13D><819E60FE17B3436C892F51042F1BABE8>]/Index[149 185]/Info 148 0 R/Length 213/Prev 485544/Root 150 0 R/Size 334/Type/XRef/W[1 3 1]>>stream By accepting, you are consenting to our use of this technology and the capture of this data. The company recentlycompleteda stock-for-stock merger transaction with Cole Office & Industrial REIT Inc. and the portfolio now consists of 123 properties with a total asset value of $5.8 billion. hb```e````c`dab@ !;cv$ }c36x1M@ 0 He was very patient, and I never felt rushed. For more information on the firm, visitwww.WhiteSecuritiesLaw.com. The following factors, among others, could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: general economic and financial conditions; market volatility; inflation; any potential recession or threat of recession; interest rates; the impact of the COVID-19 pandemic and resulting economic disruption on the markets in which we operate and on work-from-home trends, occupancy, rent deferrals and the financial condition of the Companys tenants; whether any easing of the pandemic or other factors will impact the attractiveness of industrial and/or office assets; whether we will be successful in renewing leases as they expire; future financial and operating results, plans, objectives, expectations and intentions; expected sources of financing and the availability and attractiveness of the terms of any such financing; legislative and regulatory changes that could adversely affect our business; whether we will continue to publish our net asset value on an annual basis, more frequently or at all; our future capital expenditures, operating expenses, net income, operating income, cash flow and developments and trends of the real estate industry; whether the strategic monetization process will maximize stockholder value; whether the spin off will be completed on the anticipated timing or at all; whether we will be successful in liquidating our remaining assets after the spin off; whether we will effect the strategic monetization process at the time and in a manner that maximizes value for the Companys stockholders; when stockholders will receive any net proceeds in connection with the disposition of our remaining assets after the spin off; whether we will succeed in our investment objectives; whether the combination of net proceeds from the ultimate sale of your shares of the spin off company and the distribution of the net proceeds by the Company from the sale of the remaining assets will equal our current NAV; our ability to find purchasers for the remaining assets on such terms as our Board of Directors determines to be in the best interests of our stockholders; unanticipated difficulties or expenditures relating to the strategic monetization process or the pursuit of sales of our remaining assets; the response of stockholders, tenants, business partners and competitors to the announcement of the strategic monetization process; legal proceedings that may be instituted against us and others related to the strategic monetization process; risks associated with our dependence on key personnel whose continued service is not guaranteed; risks related to the disruption of managements attention from ongoing business operations due to pursuit of the strategic monetization process; other factors, including those risks disclosed in Part I, Item 1A. 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