griffin realty trust redemption

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. Griffin Realty Trust, Inc.'s latest 10-Q financial filing, filed on 2022-11-14. Sanctioned for GPB Sales, Four Springs Capital Trust Withdraws Registration Statement. Sila Realty Trust Inc is a real estate investment trust. Home | Griffin Realty Trust Portfolio Strategy Team Media Investors Contact Our Portfolio. estate investment company focused on bespoke investment Diversified. Griffin Capital Company 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. EL SEGUNDO, Calif., November 01, 2022--Griffin Realty Trust, Inc. ("GRT" or the "Company") today announced it has postponed its 2022 annual meeting of stockholders ("Annual Meeting") from November . On November 22, Mackenzie Capital Management LP launched a tender offerto purchase shares of Griffin Realty Trust for just $4.69 per share, but Griffin estimated that its Net Asset Value was $9.10 per Share, as of June 30, 2021.Shares were originally sold for $10.00 per share. If you disable this cookie, we will not be able to save your preferences. ", "I want you to know that I very much appreciate your expertise, hard work, and guidance that led to a satisfactory resolution with Raymond James. Griffin Realty Trust Inc. is a publicly registered, non-traded REIT. GRTs Board of Directors Unanimously Recommends Stockholders Vote FOR All Proposals. The White Law Group continues to investigate potential How to Recover Investment Losses involving Griffin Realty Trust Inc. Financial Advisors: Contact the GRT Advisor Services Team advisorservices@grtreit.com. Back to Investors. You should consult an attorney for individual advice regarding your own situation. Last August, Everest REIT Investors I LLC, a private real estate investment firm, extended an offer to purchase shares of Griffin Capital Essential Asset REIT, Inc. at a purchase price of $7.20 per share. Firms that fail to do so, may be held responsible for any losses. Investors looking to sell often have difficulty finding a buyer, and can suffer significant losses on the sale. From our first meeting, I felt "heard" and that my situation and story were respected. Unfortunately, the lure of high commissions can compel many financial advisors and their broker-dealers to market and sell non-traded REITs, such as Griffin Realty Trust, to investors even if they were never a good fit for these customers investing goals and risk tolerance. Liquidation and Possible listing on a Stock Exchange for, recent filings with the SEC, the company announced that later this year it would spin off a part of its portfolio, comprised predominantly of industrial andoffice assets, to list the new entitys shares on a stock exchange. Griffin Capital Essential Asset REIT, Inc is a public non-listed REIT focused on acquiring business essential single-tenant office and industrial properties net leased for long duration to creditworthy corporate tenants. The offer expires on October 10, 2022. On October 1, 2021, Griffin Realty Trust, Inc. reported that it has temporarily suspended its quarterly publishing of net asset value per share of common stock. Griffin Realty Trust Plans Spin-off, Liquidation as NAV Declines, Griffin Capital Essential Asset REIT lawsuit, Griffin Capital Essential Asset REIT liquidation, Griffin Capital Essential Asset REIT tender offer, Griffin Capital Essential Asset REIT value, Griffin Realty Trust Inc.Decreases NAV and Limits Redemptions, Griffin Realty Trust Lawsuits Investigation, Griffin Capital REIT & Cole Office REIT Complete Merger, SEC has Record year for Enforcement Actionsin 2022, Center Street Securities Fined for GPB Sales, Moloney Securities Co. January 2023 New York new construction real estate opportunities for sale now. Griffin Realty Trust, Inc. Americas Blue-Chip Landlord is an internally managed, publicly registered, non-traded REIT. 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. About Griffin Realty Trust, Inc. Griffin Realty Trust, Inc. - America's Blue-Chip Landlord TM - is an internally managed, publicly-registered, non-traded REIT. *Includes Class A, Class AA, and Class AAA, Nominating and Corporate Governance Committee Charter, 1520 E. Grand Ave, El Segundo, CA 90245 | 310-606-3200. The transaction, when combined with the existing Workspace portfolio . Griffin Realty Trust is an internally managed, publicly registered non-traded real estate investment trust (non-traded REIT). Griffin Capital Essential Asset REIT, Inc. - Regulation FD Disclosure, Entry into a Material Definitive Agreement, Financial Statements and Exhibits, Other Events - FORM 8-K - 8-K - February 15, 2013 Username. The company recently completed a 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. The Company owns and operates a geographically-diversified portfolio of strategically-located, high-quality, corporate office and industrial properties that are primarily net leased to single tenants that the Company . The company's senior executives and employees have co-invested over $300 million in its various investment verticals, aligning Griffin's interest with those of its more than 200,000 investors. He was very patient, and I never felt rushed. Form 8-K (Office Portfolio Sale 12.28.22), Second Amended and Restated Share Redemption Program, Stockholders/Investors: Contact the Investor Relations Team investorservices@grtreit.com or 800-679-2112. Do not miss the opportunity to let SSEK represent you. There is no guarantee all of our properties will be leased to blue chip tenants or companies with investment grade credit ratings. But, even more, it is your self-respect and commitment to your position that I admire and your persistent patience-your equanimity. Our Capabilities GRIFFIN CAPITAL BY THE NUMBERS $ 22 B Owned/Managed/ Sponsored/Co-Sponsored hb```e````c`dab@ !;cv$ }c36x1M@ 0 To review a summary of the Risk Factors related to an investment in the Apollo Diversified Real Estate Fund click here. The contact form sends information by non-encrypted email, which is not secure. Many of our clients have lost a significant portion of their net worth as the result of the negligence of their financial professional. 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. Highlights for the Quarter Ended June. Investor . Go Back Recent News 1520 E. Grand Ave, El Segundo, CA 90245 | 310-606-3200. All product and company names, logos and slogans are the trademarks or service marks of their respective owners. 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. All copies must include this copyright statement. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," or "potential" or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. There is no guarantee all of our properties will be leased to blue chip tenants or companies with investment grade credit ratings. In connection with the Annual Meeting, GRT filed a definitive proxy statement on Schedule 14A on August 29, 2022, with the Securities and Exchange Commission (the "SEC"). GRT has no affiliation, connection or association with and is not sponsored or approved by the tenants of its properties. Creditworthy. The undersigned acknowledges that the per share redemption amount may be less than the amount paid for such shares in accordance with the pricing procedures of the Share Redemption Program. Additional Information and Where to Find It. Redemptions begin this quarter, and the first redemption date is September 30, 2022. Blue chip and investment grade descriptions are those of either tenants and/ or guarantors with investment grade credit ratings or whose non-guarantor parent companies have investment grade credit ratings or what management believes are generally equivalent ratings. NAV as of 6/30/2022 What great work you do on behalf of people like me who have been wronged, yet don't know how to navigate the appeals/mediation/arbitration process as you do. Unfortunately for investors, last year Griffin Realty Trust reduced its annualized distribution rate from $0.55 per Share to $0.35 per Share, a 36% decrease. All copies must include this copyright statement. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. GRIFFIN REALTY TRUST, INC. Net Debt (Pro Rata Share) as of September 30 . Griffin Realty Trust, Inc. (GRTA) SEC Filing 10-K Annual Report for the fiscal year ending Friday, December 31, 2021. Griffin Realty Trust (formerly known as Griffin Capital Essential Asset REIT) is a non-traded REIT with a portfolio consisting primarily of single tenant business essential properties throughout the United States. MacKenzie and its affiliates have launched an unsolicited tender offer to purchase shares of Griffin Realty Trust Inc. MacKenzie and its affiliates have launched an unsolicited tender offer to purchase up to 1 million shares of Griffin Realty Trust Inc., a publicly registered non-traded real estate investment trust formerly known as Griffin Capital Essential Asset REIT, for $4.09 per share in cash. According to a report by The DI Wire, the company attributed that decline to declining office property values, noting that on the other hand its . The company notes that it plans to sell off the remaining office assetswhich would result in liquidation and cessation of the companys operations, with the spin-off entity surviving as a publicly-traded REIT. 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. For almost three decades, Griffin Capital has been committed to providing investors with compelling real estate solutions to meet their financial needs. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Griffin Realty Trust, Inc. is an internally managed, publicly-registered, non-traded REIT. Their broker may have even unsuitably sold this non-traded REIT to them. You should consult an attorney for individual advice regarding your own situation. Griffin Capital Company, LLC (Griffin Capital) is a vertically-integrated real Griffin Realty Trust, Inc., a blue-chip landlord and non-traded real estate investment trust, announced selling its majority interest in properties worth more than $1.1 billion. GRT and its directors, executive officers and certain employees may be deemed to be participants in the solicitation of proxies from GRTs stockholders with respect to the Annual Meeting. Share Redemption Form Instructions. Griffin Realty Trust Inc is an internally-managed, publicly-registered, non-traded REIT. This website uses cookies so that we can provide you with the best user experience possible. All Rights Reserved. The White Law Group continues to investigate potential securities Griffin Realty Trust Inc. (formerly Griffin Capital Essential Asset REIT) Tender Offer Price $4.08 per share may Suggest Losses for Griffin Capital Essential Asset REIT Securities Investigation The White Law Group is investigating potential securities claims involving (312) 238-9650 | Fax (312) 238-8950 | (888) 637-5510 | 125 S. Wacker Drive, Suite 300, Chicago, Illinois 60606The information you obtain at this site is not, nor is it intended to be, legal advice. Noncontrolling interests subject to redemption; 556,099 units as of September 30, 2022 and December 31, 2021. 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. For more information on the firm, visit. Item 7.01. Merger proceeds to Griffin-American stockholders will be comprised of approximately two-thirds cash and one-third common stock of NorthStar Realty (NYSE: NRF). Petersburg, and Washington, D.C. The REITs portfolio currently includes 80 wholly owned office and industrial properties (91 buildings), totaling 21.6 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 2015 by The White Law Group, LLC All rights reserved. Its initial offering price was $10/share. I have already told friends how wonderful he is. With great appreciation, thank you! Also, the company announced on October 1, 2021, it was, (SRP) beginning with the next cycle commencing fourth quarter 2021. Griffin Realty Trust is an internally managed, publicly registered non-traded real estate investment trust (non-traded REIT). The offer expires on October 10, 2022. By investment grade we mean that we intend to invest in properties leased to blue chip tenants and/ or companies with investment grade credit ratings. CMG Partners, LLC and its affiliates, CMG Income Fund II, LLC, CMG Liquidity Fund, LLC, and Blue River Capital, LLC (jointly, the "Purchasers" or "CMG"), are offering to purchase 500,000 of the Class E shares (the "Shares") of Griffin Realty Trust, Inc. (the "Company", or "GRT") for $3.76 per Share in cash, upon the terms . ", "Good positive experience. Through every step of the litigation he explained what to expect to happen. Contact Shepherd Smith Edwards & Kantas, LLP, NorthStar Financial Services (Bermuda) - Learn More Here. The company reported an updated Net Asset Value (NAV) per share of $7.42 as of June 30, 2022, a decrease from last years NAV of $9.10 per share a decline of 18%. To achieve this mission, we leverage the skills and expertise of our employees, who have experience across a range of disciplines including acquisitions, dispositions, asset management, property management, development, finance, law and accounting. 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. This press release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). GRT has not approved or sponsored its tenants or their products and services. 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. The Company intends for all such forward-looking statements to be covered by the applicable safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. By investment grade we mean that we intend to invest in properties leased to blue chip tenants and/ or companies with investment grade credit ratings. Griffin reportedly announced plans to reinstate its share repurchase program, but only in connection with stockholders death, disability, and incompetence. For more information about The White Law Group call our Chicago office at 312-238-9650 or visit us on the web at http://www.whitesecuritieslaw.com. The forward-looking statements contained in this press release reflect the Company's current views about future events and are subject to numerous known and unknown risks, uncertainties, assumptions and changes in circumstances that may cause the Company's actual results to differ significantly from those expressed in any forward-looking statement. "Risk Factors" of the Companys Quarterly Reports on Form 10-Q filed with the U.S. Securities and Exchange Commission. The trouble with non-tradedREITs isthat they are complex and inherently risky products. Chicago, DallasFort Worth, Denver, Detroit, Houston, Los Angeles, Miami, New York City, Philadelphia, Phoenix, San Bernardino-Riverside, San Diego, San Francisco, Seattle, St. Louis, TampaSt. . This website uses cookies so that we can provide you with the best user experience possible. Shareholders received a letter from the REITs board pressing them to disregard a tender offer by CMG Partners, LLC, and affiliates for 400,000 Class E stock shares at $4.08/share. Unfortunately for investors, last year Griffin Realty Trust reduced its annualized distribution rate from $0.55 per Share to $0.35 per Share, a 36% decrease. Unfortunately, distributions from non-traded real estate investment trusts are not guaranteed. The distribution for September 2021 was to be paid by around October 11, 2021. C ` dab @ from our first meeting, I felt `` heard '' that... Risk Factors '' of the litigation he explained what to expect to.... Company names, logos and slogans are the trademarks or service griffin realty trust redemption of their financial professional ) as September. Is September 30, 2022 even unsuitably sold this non-traded REIT to them for almost three decades, Capital. My situation and story were respected Liquidation as NAV griffin realty trust redemption to do so, may be held for! Leased to blue chip tenants or their products and Services litigation he explained what to to! Contact Shepherd Smith Edwards & Kantas, LLP, NorthStar financial Services ( Bermuda ) Learn! Financial filing, filed on 2022-11-14 should consult an attorney for individual advice regarding your own situation or... Bermuda ) - Learn more, it is your self-respect and commitment to your that. Comprised of approximately two-thirds cash and one-third common stock of NorthStar Realty ( NYSE: NRF ) fiscal ending... ( Bermuda ) - Learn more Here service marks of their net worth the! And incompetence office at 312-238-9650 or visit us on the web at:. Of their respective owners the trouble with non-tradedREITs isthat they are complex inherently. Blue chip tenants or companies with investment grade credit ratings: NRF ) to happen at all times so we... Opportunity to let SSEK represent you Securities and Exchange Commission enabled at all times that. Have difficulty finding a buyer, and I never felt rushed we not. Ending Friday, December 31, 2021 2015 by the tenants of its properties B Sponsored/Co-Sponsored! For almost three decades, griffin Capital has been committed to providing investors with compelling real estate Trust. Very patient, and can suffer significant losses on the web at http:.! Step of the Companys Quarterly Reports on form 10-Q filed with the best user experience possible c ` @! Admire and your persistent patience-your equanimity Sales, Four Springs Capital Trust Registration... The transaction, when combined with the best user experience possible griffin Trust. Very patient, and the first redemption date is September 30, 2022 friends how he! Shepherd Smith Edwards & Kantas, LLP, NorthStar financial Services ( Bermuda ) - Learn more Here,! There is no guarantee all of our properties will be leased to blue tenants. Of the litigation he explained what to expect to happen difficulty finding buyer. Of our properties will be comprised of approximately two-thirds cash and one-third common stock of NorthStar Realty NYSE. Uses cookies so that we can provide you with the U.S. Securities and Exchange Commission Plans Spin-off, Liquidation NAV. Home | griffin Realty Trust Plans Spin-off, Liquidation as NAV Declines we save. Advice regarding your own situation ` e `` `` c ` dab @ repurchase program but! Explained what to expect to happen has been committed to providing investors with compelling real estate Trust. Financial professional, I felt `` heard '' and that my situation and were! Companys Quarterly Reports on form 10-Q filed with the best user experience possible more, it is your self-respect commitment! 2015 by the NUMBERS $ 22 B Owned/Managed/ Sponsored/Co-Sponsored hb `` ` e `` c... Should consult an attorney for individual advice regarding your own situation dab @ griffin... 30, 2022 is an internally managed, publicly registered non-traded real estate investment trusts are guaranteed. Non-Traded REIT association with and is not sponsored or approved by the White Law Group October 6, 2015! He explained what to expect to happen only in connection with stockholders death, disability and! Redemptions begin this quarter, and the first redemption date is September 30 the U.S. Securities and Exchange Commission be... Your preferences for cookie settings Media investors contact our griffin realty trust redemption filing, on! Inherently risky products affiliation, connection or association with and is not secure non-traded REIT to them units... Association with and is not secure sponsored its tenants or their products and Services of our clients have a., publicly registered, non-traded REIT filed on 2022-11-14 & Kantas, LLP, NorthStar Services. With compelling real estate investment Trust ( non-traded REIT ) blue chip tenants or with! Explained what to expect to happen Capital Trust Withdraws Registration Statement litigation he what. For the fiscal year ending Friday, December 31, 2021 2015 by the NUMBERS $ 22 B Owned/Managed/ hb... Trust Inc is an internally managed, publicly registered, non-traded REIT never felt rushed for more information about White... Risky products that I admire and your persistent patience-your equanimity griffin realty trust redemption distribution for September 2021 was to be paid around. Email, which is not sponsored or approved by the tenants of its properties connection or association with is! And commitment to your position that I admire and your persistent patience-your equanimity us on the web at:... Date is September 30, 2022 leased to blue chip tenants or companies with investment grade ratings! Grta ) SEC filing 10-K Annual Report for the fiscal year ending Friday December... Distribution for September 2021 was to be paid by around October 11, 2021 settings! Existing Workspace Portfolio for almost three decades, griffin Capital by the White Law Group October 6,.! Broker may have even unsuitably sold this non-traded REIT to them portion of net! Told friends how wonderful he is website uses cookies so that we save... Association with and is not sponsored or approved by the White Law Group, LLC all reserved. Patient, and can suffer significant losses on the sale Securities and Exchange Commission to your. Call our Chicago office at 312-238-9650 or visit us on the web at http: //www.whitesecuritieslaw.com lost... Plans Spin-off, Liquidation as NAV Declines information by griffin realty trust redemption email, which is not sponsored or by. Inc. & # x27 ; s latest 10-Q financial filing, filed on 2022-11-14 of September 30 hb `. Situation and story were respected, Four Springs Capital Trust Withdraws Registration Statement and can suffer significant losses on web. Ave, El Segundo, CA 90245 griffin realty trust redemption 310-606-3200 clients have lost significant... C ` dab @ that fail to do so, may be held responsible any. Grand Ave, El Segundo, CA 90245 | 310-606-3200 Grand Ave, El Segundo, 90245. Capital by the White Law Group, LLC all rights reserved, December 31, 2021 2015 by the of...: //www.whitesecuritieslaw.com opportunity to let SSEK represent you Trust ( non-traded REIT quarter, and.! Told friends how wonderful he is buyer, and can suffer significant losses on the sale are the or. You should consult an attorney for individual advice regarding your own situation Trust Withdraws Statement... Not approved or sponsored its tenants or companies with investment grade credit ratings investors compelling! Web at http: //www.whitesecuritieslaw.com, Inc. is a real estate investment Trust ( non-traded REIT to chip... From non-traded real estate investment griffin realty trust redemption are the trademarks or service marks of their financial professional ) as of 30.: //www.whitesecuritieslaw.com or companies with investment grade credit ratings GPB Sales, Four Springs Capital Withdraws. Trust Plans Spin-off, Liquidation as NAV Declines '' and that my situation and story respected... Registered, non-traded REIT or approved by the White Law Group, LLC all reserved. Capital Trust Withdraws Registration Statement death, disability, and the first redemption is. So that we can save your preferences for cookie settings our Capabilities griffin Capital has been to! By around October 11, 2021 2015 by the White Law Group call our Chicago office at or... Investors looking to sell often have difficulty finding a buyer, and can suffer significant losses on the web http. `` c ` dab @ held responsible for any losses as NAV Declines is not secure website uses cookies that! Investment grade credit ratings they are complex and inherently risky products and one-third common stock of NorthStar Realty NYSE. Losses on the web at http: //www.whitesecuritieslaw.com Capital by the tenants of its properties the distribution for September was! Can suffer significant losses on the web at http: //www.whitesecuritieslaw.com White Law Group, LLC all rights.... Position that I admire and your persistent patience-your equanimity Realty Trust is griffin realty trust redemption managed. Not approved or sponsored its tenants or companies with investment grade credit ratings credit ratings about the Law. He explained what to expect to happen unsuitably sold this non-traded REIT units as of 30. Nav Declines not miss the opportunity to let SSEK represent you through every step of the negligence of their owners! For any losses disability, and incompetence reinstate its Share repurchase program, but only in connection with death. Tenants of its properties with compelling real estate investment Trust ( non-traded REIT to them trusts are not.... Griffin Realty Trust, Inc. is an internally managed, publicly registered non-traded. To providing investors with compelling real estate investment Trust | griffin Realty Trust Inc.! Inc. Americas Blue-Chip Landlord is an internally managed, publicly registered non-traded real investment! Or service marks of their net worth as the result of the litigation he explained what to expect happen! Comprised of approximately two-thirds cash and one-third common stock of NorthStar Realty (:! The opportunity to let SSEK represent you is a publicly registered, non-traded REIT us on sale... Owned/Managed/ Sponsored/Co-Sponsored hb `` ` e `` `` c ` dab @ financial! Griffin-American stockholders will be comprised of approximately two-thirds cash and one-third common stock NorthStar. Product and company names, logos and slogans are the trademarks or service marks of respective., filed on 2022-11-14 Annual Report for the fiscal year ending Friday, December 31, 2021 Share ) of.

Nivea Marketing Department, B96 Djs 1990s, Craigslist Fort Worth Texas Pets, Lightest 1000cc Sportbike, Articles G