2023 Griffin Realty Trust. On October 1, 2021, Griffin Realty Trust, Inc. (SRP)and suspended its distribution reinvestment plan (DRP). Username. Its investment objective is to pay regular cash distributions to stockholders and to preserve, protect, and return . 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 . The distribution for September 2021 was to be paid by around October 11, 2021. Share Redemption Form Instructions. This website uses cookies so that we can provide you with the best user experience possible. GRIFFIN REALTY TRUST, INC. Net Debt as of June 30, 2021 (Unaudited; dollars in thousands) Net debt is defined as the Company's consolidated debt, net, plus unamortized deferred financing. 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. It has also suspended its distribution reinvestment plan (DRP), and the current monthly distribution for September 2021 is expected to be paid on or about October 11. 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. 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. "Managements Discussion and Analysis of Financial Condition and Results of Operations" and Part II, Item 1A. . Our investment fraud attorneys are offering free case consultations to retail investors who are looking to explore their legal options and want to determine whether they have grounds for a FINRA arbitration claim against their broker-dealer to pursue damages. 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. This link is being provided as a convenience and for informational purposes only; it does not constitute an endorsement or an approval by the REIT of any of the products, services or opinions of the corporation or organization or individual. 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. 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. Long-Term. 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. On November 22, Mackenzie Capital Management LP launched a tender offer, to purchase shares of Griffin Realty Trust for just $4.69 per share, but. 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 . EL SEGUNDO, Calif.-- ( BUSINESS WIRE )--Griffin Realty Trust, Inc. ("GRT" or the "Company") announced its results for the quarter ended June 30, 2021. link | Resources | GRIFFIN REALTY TRUST. Accession Number: 0001600626-22-000131. Unfortunately, there are Griffin Realty Trust investors who have reported significant investment losses. 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 . The buyer is a consortium led by Thomas A. Rizk and Roger W. Thomas, founders of Workspace Property Trust. It has also suspended its distribution reinvestment plan (. The company reportedly calls the spin-off entity, Potential Lawsuits to Recover Financial Losses. Furthermore, the Company disclaims any obligation to publicly update or revise any forward- looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. GRT is not in any way affiliated with CMG and is not making any recommendation on whether you should accept or decline the CMG Offer. There is no guarantee all of our properties will be leased to blue chip tenants or companies with investment grade credit ratings. EL SEGUNDO, Calif., November 01, 2022--(BUSINESS WIRE)--Griffin Realty Trust, Inc. ("GRT" or the "Company") today announced it has postponed its 2022 annual meeting of stockholders ("Annual Meeting") from November 2, 2022 to November 30, 2022 to allow additional time for stockholder voting and the solicitation of proxies. About Griffin Realty Trust, Inc. Griffin Realty Trust, Inc. - America's Blue-Chip Landlord TM - is an internally managed, publicly-registered, non- traded REIT. Griffin Realty Trust, Inc. ("GRT" or the "Company") announced its results for the quarter ended September 30, 2021. . However, at this time, the number of votes cast in favor of the conversion proposal is not sufficient to approve the conversion. 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. strategies underpinned by durable secular growth themes as a The . 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. All copies must include this copyright statement. If you disable this cookie, we will not be able to save your preferences. September 8, 2022 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. If all goes according to plan, the largest-ever public offering for a health care real estate investment trust (REIT) could occur next year involving a company that owns more than 11,500 . 1520 E. Grand Ave, El Segundo, CA 90245 | 310-606-3200. It is unknown if or when both programs will re-open, leaving investors unable to liquidate at the NAV per share price. 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. Griffin Realty Trust, Inc.'s latest 10-Q financial filing, filed on 2022-11-14. Share Redemption Form. 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. GRT has not approved or sponsored its tenants or their products and services. . On October 1, 2021, Griffin Realty Trust, Inc. reported it is suspending its share redemption program . For more information on the firm, visit. Griffin Realty Trust recently sold a majority interest in a 41-property office portfolio, consisting of 53 buildings and one land parcel, valued at $1.13 billion. With great appreciation, thank you! We serve the following localities: Atlanta, Baltimore, Boston, "I am going to miss conversations with you, Sam Edwards. Griffin Realty Trust, Inc. Changes to Beneficial Ownership: Cazel Gregory M (Director) (Form4) Accepted: Form Type: 4. ", "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. 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. Password. Griffin Realty Trust, Inc. Americas Blue-Chip Landlord is an internally managed, publicly registered, non-traded REIT. Certain statements contained in this letter of Griffin Realty Trust, Inc., other than historical facts, may be considered 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"). Market-leading rankings and editorial commentary - see the top law firms & lawyers for Real estate investment trusts (REITs) in United States 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"). Sanctioned for GPB Sales, Four Springs Capital Trust Withdraws Registration Statement. estate investment company focused on bespoke investment These include industrial properties and corporate offices that the company considers credit-worthy. 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. For more information on the firm, visit. Petersburg, and Washington, D.C. Blue chip companies are well-known publicly traded companies that typically make up the Dow Jones Industrial Average or the S&P 500 Index. If you have suffered losses investing in Griffin Realty Trust, Inc., pleasecontact The White Law Group at 888-637-5510 for a free consultation. 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. The move was part of the REITs strategic monetization process that was announced in early August, which will involve a separation of the REIT by spinning off a new public company that will own a portfolio of primarily industrial assets, as well as certain office assets, and listing that companys shares on a national exchange. The company reportedly calls the spin-off entity IndustrialCo.. 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. 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. 6:26 pm Call SSEK Law Firm at (800) 259-9010 or contact us online today. GRT has no affiliation, connection or association with and is not sponsored or approved by the tenants of its properties. Third Party Tender Offers may Suggest Losses for Investors Updated (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. Griffin Realty Trust, which recently finalized a stock-for-stock merger transaction with Cole Office & Industrial REIT Inc., now has more than 120 properties with a $5.8B total asset valuation. Top-notch, efficient and effective firm.". Regulation FD Disclosure On October 1, 2021, Griffin Realty Trust, Inc. reported that it has temporarily suspended its . %PDF-1.7
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Company Profile CVMCA. 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 Go Back Recent News This means that this investment is not suitable for anyone who cannot handle or does not want a long-term investing strategy. Investors looking to sell often have difficulty finding a buyer, and can suffer significant losses on the sale. Cautionary Statement Regarding Forward-Looking Statements. EL SEGUNDO, Calif.-- ( BUSINESS WIRE )--Griffin Capital Essential Asset REIT, Inc. (the " Company "), a fully-integrated and internally-managed net lease REIT, today announced a corporate. catalyst for creating strong, risk-adjusted performance. Sila Realty Trust Inc is a real estate investment trust. Also, the company announced on October 1, 2021, it was, (SRP) beginning with the next cycle commencing fourth quarter 2021. You can also identify forward-looking statements by discussions of strategy, plans or intentions. ", "Good intelligent attorneys who never miss a beat. Griffin Realty Trust Inc., a publicly registered non-traded real estate investment trust formerly known as Griffin Capital Essential Asset REIT, has temporarily suspended its quarterly publishing of net asset value per share, according to a filing with the Securities and Exchange Commission. 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. Submitting a contact form, sending a text message, making a phone call, or leaving a voicemail does not create an attorney-client relationship. There is a quarterly cap of $5 million on total redemptions, and the next redemption date is September 30, 2022. It owns and operates an institutional-quality portfolio of net-leased office and industrial assets.. 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. MacKenzie Launches Unsolicited Tender Offer for Griffin Realty Trust Shares, Click here to subscribe to our Daily News Updates, Greenbacker Renewable Energy Company Increases Monthly Share Value, Blackstone Private Credit Fund Increases Regular Monthly Distribution, Bluerock Raises Record $4 Billion of Investor Capital in 2022, MacKenzie Realty Capital Increases Quarterly Dividend Again, Cerity Completes Third RIA Acquisition in January, Adding $8.6 Billion in AUM. I have already told friends how wonderful he is. The forward-looking statements speak only as of the date of this press release. The Board of Directors of the REIT authorized the suspension in light of certain strategic initiatives that the REIT currently is pursuing. Back to Investors. hbbd```b``+A$p ,!!H6~$H"$FHS/:q/``0
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PreMarket Prep; 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 has determined to be creditworthy. How to Recover Investment Losses involving Griffin Realty Trust Inc. 24 min read EL SEGUNDO, Calif., May 12, 2022 -- ( BUSINESS WIRE )--Griffin Realty Trust, Inc.. 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. 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. According to 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. 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. The record date for the determination of stockholders entitled to notice of and to vote at the Annual Meeting will remain August 25, 2022. EL SEGUNDO, Calif.-- ( BUSINESS WIRE )--Griffin Realty Trust, Inc. ("GRT" or the "Company") announced its results for the quarter ended September 30, 2021. The offer expires on October 10, 2022. Griffin Realty Trust is an internally managed non-traded REIT that owns and operates a portfolio of office and industrial properties that are primarily net leased to single tenants that the company has determined to be creditworthy. Regulation FD Disclosure 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.. | January 2, 2023. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Additional Information and Where to Find It. All Rights Reserved. Skull and Bones, also known as The Order, Order 322 or The Brotherhood of Death, is an undergraduate senior secret student society at Yale University in New Haven, Connecticut.The oldest senior class society at the university, Skull and Bones has become a cultural institution known for its powerful alumni and various conspiracy theories. Although appealing to investors looking for products with greater yield, non-traded REITs tend to be illiquid because they dont trade on a national securities exchange. October 1, 2021, Griffin Realty Trust announced it was suspending its share redemption program starting its next cycle during the fourth quarter of the year. 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. 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. 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. We pride ourselves on providing quality legal services to our clients and handle securities fraud cases throughout the country. The non-traded REIT also said it was suspending its distribution reinvestment plan. 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