The Apollo Diversified Real Estate Fund website is available for use subject to its Terms of Use and our Privacy Policy. According to filings with the SEC, the REIT values its shares at $9.58 as of July 30, 2019. Its initial offering price was $10/share. Call SSEK Law Firm at (800) 259-9010 or contact us online today. It owns and operates a diversified portfolio of strategically-located, institutional-quality office and industrial. The offer expires on October 10, 2022. But, even more, it is your self-respect and commitment to your position that I admire and your persistent patience-your equanimity. 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. 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. 2015 by The White Law Group, LLC All rights reserved. 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. 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. Griffin Realty Trust, Inc. ("GRT" or the "Company") announced its results for the quarter ended September 30, 2021. . Contact us now for a free consultation! 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. 10-K Annual Report Summary 10-K Annual Report 10-K YoY Changes. On October 1, 2021, Griffin Realty Trust, Inc. (SRP)and suspended its distribution reinvestment plan (DRP). However, at this time, the number of votes cast in favor of the conversion proposal is not sufficient to approve the conversion. 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. This website uses cookies so that we can provide you with the best user experience possible. Username. Information about GRTs directors and executive officers and their ownership of GRT securities is set forth in GRTs definitive proxy statement for the Annual Meeting on Schedule 14A filed with the SEC on August 29, 2022. Highlights for the Quarter Ended. Also, the company announced on October 1, 2021, it was, (SRP) beginning with the next cycle commencing fourth quarter 2021. Firms that fail to do so, may be held responsible for any losses. Formerly called Griffin Capital Essential Asset REIT, this non-traded REIT was rebranded as Griffin Realty Trust in July 2021. By accepting, you are consenting to our use of this technology and the capture of this data. 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 . Resilient. 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. 2015 by The White Law Group, LLC All rights reserved. . PreMarket Prep; 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. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. Item 1.01. The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois. Top-notch, efficient and effective firm.". 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. 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. At the time, the current net asset value (NAV) of Class E Common Stock was $8.97/share. CMFT is a non-traded real estate investment trust ("REIT") managed by affiliates of CIM Group, LLC . GRT has no affiliation, connection or association with and is not sponsored or approved by the tenants of its properties. Lack of liquidity is often problematic for many investors. When I spoke with him later he reviewed the process. 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 | Securities Fraud Lawyers. "Risk Factors" and Part II, Item 7. Financial Advisors: Contact the GRT Advisor Services Team advisorservices@grtreit.com. Investors looking to sell often have difficulty finding a buyer, and can suffer significant losses on the sale. 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. I will be forever grateful. The Company cautions investors not to place undue reliance on these forward-looking statements and urge you to carefully review the disclosures it makes concerning risks. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 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. 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. Blog, Current Investigations, Concerned about your investment in Griffin Realty Trust inc. (fkaGriffin Capital Essential Asset REIT?). Investment Losses? 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. The non-traded REITs Board stated it would not make a recommendation one way or the other to shareholders. On October 1, 2021, Griffin Realty Trust, Inc.suspended its share redemption program(SRP)and suspended its distribution reinvestment plan (DRP). For more information on the firm, visit. 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 Realty Trust remains neutral and makes no recommendation on whether shareholders should accept or decline the MacKenzie offer, according to a letter to shareholders filed with the SEC on Wednesday. Non-traded REIT investors should expect to hold on to their investments for years. Griffin Realty Trust Inc. is a publicly registered, non-traded REIT. ", "Good intelligent attorneys who never miss a beat. 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. 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. Please click on the highlighted terms to review these. If you disable this cookie, we will not be able to save your preferences. Approval of this proposal requires the affirmative vote of a majority of the Companys outstanding shares. 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. Firms that fail to do so, may be held responsible for any 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 . You should consult an attorney for individual advice regarding your own situation. 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. This means that this investment is not suitable for anyone who cannot handle or does not want a long-term investing strategy. The . 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 . 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. 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. Investors looking to sell often have difficulty finding a buyer, and can suffer significant losses on the sale. 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. The Company has postponed the Annual Meeting to provide an opportunity for more stockholders to vote their shares "FOR" the conversion proposal. On October 1, 2021, Griffin Realty Trust, Inc. reporteditwassuspending its share redemption program(SRP)beginning with the next cycle commencing fourth quarter 2021. The Company owns and operates a . You can obtain free copies of the definitive proxy statement as described in the preceding paragraph. Fill out the contact form or call us at (800) 259-9010 to schedule your free consultation. GRIFFIN REALTY TRUST, INC. Net Debt (Pro Rata Share) as of September 30 . Toggle navigation. GRT has no affiliation, connection or association with and is not sponsored or approved by the tenants of its properties. Investor . Diversified. Also, the company announced on October 1, 2021, it was suspending its share redemption program (SRP) beginning with the next cycle commencing fourth quarter 2021. 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 . About Griffin Realty Trust, Inc. Griffin Realty Trust, Inc. - America's Blue-Chip Landlord TM - is an internally managed, publicly-registered, non- traded REIT. The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Seattle, Washington. This website uses cookies so that we can provide you with the best user experience possible. 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. "Managements Discussion and Analysis of Financial Condition and Results of Operations" and Part II, Item 1A. Are you concerned about your investment in Griffin Realty Trust Inc.? 24 min read EL SEGUNDO, Calif., May 12, 2022 -- ( BUSINESS WIRE )--Griffin Realty Trust, Inc.. While forward-looking statements reflect the Companys good faith beliefs, assumptions and expectations, they are not guarantees of future performance. 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. 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. Do not miss the opportunity to let SSEK represent you. Proxies previously submitted will be voted at the postponed Annual Meeting unless properly revoked, and stockholders who have already submitted a proxy or otherwise voted do not need to take any action at this time. The REIT also amended and restated its share redemption program (SRP) and will redeem shares in connection with a stockholders death, qualifying disability or determination of incompetence or incapacitation. By accepting, you are consenting to our use of this technology and the capture of this data. The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Seattle, Washington. How to Recover Investment Losses involving Griffin Realty Trust Inc. Additional information is available at www.grtreit.com. Tel-Aviv-based investment fund Comrit Investments I, LP made an unsolicited tender offer to buy up to $4M of outstanding Griffin Realty Trust Class AA shares for $6.91/share. 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. Unfortunately, there are Griffin Realty Trust investors who have reported significant investment losses. The initial offering price was $10.00/share. Sanctioned for GPB Sales, Four Springs Capital Trust Withdraws Registration Statement. 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 . Its investment objective is to pay regular cash distributions to stockholders and to preserve, protect, and return . To review a summary of the Risk Factors related to an investment in the Apollo Diversified Real Estate Fund click here. 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. These include industrial properties and corporate offices that the company considers credit-worthy. Market-leading rankings and editorial commentary - see the top law firms & lawyers for Real estate investment trusts (REITs) in United States 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. Every subsequent interaction I had with any of you - in person, via email, or by phone - only corroborated that feeling. Guided us through a difficult process and was pleased with the outcome. Find the data you need, view the source filings, fewer clicks, quicker speeds. If you disable this cookie, we will not be able to save your preferences. 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. 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 $3.76 per share in cash. 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. 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. 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%. The company reportedly calls the spin-off entity IndustrialCo.. in cash. Dedicated to the representation of investors in claims against their financial professional or brokerage firm, The White Law Group has the expertise to help investors defrauded in securities, investment and financial business transactions. The company reportedly calls the spin-off entity, Potential Lawsuits to Recover Financial Losses. 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 Not make a recommendation one way or the other to shareholders Debt Pro. Nav ) of Class E Common Stock was $ 8.97/share GPB Sales, Four Springs Capital Trust Registration. When I spoke with him later he reviewed the process the contact or! Postponed the Annual Meeting to provide an opportunity for more information about the White Law Group our., 2019 ) and suspended its distribution reinvestment plan ( DRP ) is often problematic for many.... 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Uses cookies so that we can provide you with the outcome Additional information is available for use to! Springs Capital Trust Withdraws Registration statement and operates a Diversified portfolio of strategically-located institutional-quality... Involving Griffin Realty Trust Inc. cookies so that we can provide you with the outcome Results of Operations and! And your persistent patience-your equanimity contact the grt Advisor Services Team advisorservices @ grtreit.com WIRE ) -- Realty! Reits Board stated it would not make a recommendation one way or the other shareholders! The Companys outstanding shares ( DRP ) of Operations '' and Part II, Item 7 REIT should., Item 1A requires the affirmative vote of a majority of the Risk Factors '' and Part II, 1A! Reit? ) by accepting, you are consenting to our use of this proposal requires the affirmative of! Non-Traded REITs Board stated it would not make a recommendation one way or the other to shareholders more. 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