D1d`x;11020Ng.S{io];{]t\kT;qv11/F gH2~] B^=v}_ 0HaBS a`UPZb>9b`w.4LfJU0viAGN (qh8.rI/h j {0 endstream endobj 150 0 obj <>>> endobj 151 0 obj <. Highlights for the Quarter Ended June. On October 1, 2021, Griffin Realty Trust, Inc. reported it is suspending its share redemption program . 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. 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. 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. Noncontrolling interests subject to redemption; 556,099 units as of September 30, 2022 and December 31, 2021. You should consult an attorney for individual advice regarding your own situation. Financial Advisors: Contact the GRT Advisor Services Team advisorservices@grtreit.com. Griffin reportedly announced plans to reinstate its share repurchase program, but only in connection with stockholders death, disability, and incompetence. In August 2022, Griffin Realty Trust reported that its updated net asset valuethe REIT's total assets minus its total liabilitieswas $7.42/share, down from $9.10/share the previous year. 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. If you disable this cookie, we will not be able to save your preferences. However, it did note that at some point, future additional liquidity might be available to investors although it couldnt guarantee if and when that would happen and whether the price would be greater than what CMG Partners was offering. When I spoke with him later he reviewed the process. Once these remaining assets have been sold, the company intends to fully liquidate and cease operations.. We serve the following localities: Atlanta, Baltimore, Boston, "I am going to miss conversations with you, Sam Edwards. Toggle navigation. This website uses cookies so that we can provide you with the best user experience possible. According to filings with the SEC, the REIT values its shares at $9.58 as of July 30, 2019. Do not miss the opportunity to let SSEK represent you. Share Redemption Form. With our extensive knowledge and commitment to providing only the best and most timely information to our clients, we are your go-to source for real estate industry insight and advice. 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. Resilient. 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. By accepting, you are consenting to our use of this technology and the capture of this data. The trouble with non-tradedREITs isthat they are complex and inherently risky products. Tender Offer Price Suggests Losses for Investors - Griffin Realty Trust inc. (fka Griffin Capital Essential Asset REIT). 1520 E. Grand Ave, El Segundo, CA 90245 | 310-606-3200. We pride ourselves on providing quality legal services to our clients and handle securities fraud cases throughout the country. 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. The White Law Group, LLC is a national securities fraud, securities arbitration, investor . Merger proceeds to Griffin-American stockholders will be comprised of approximately two-thirds cash and one-third common stock of NorthStar Realty (NYSE: NRF). 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 Company owns and operates a geographically-diversified portfolio of strategically-located, high-quality, corporate office and industrial properties that are primarily net leased . 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 There is no guarantee all of our properties will be leased to blue chip tenants or companies with investment grade credit ratings. The transaction, when combined with the existing Workspace portfolio . 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. Griffin Realty Trust, Inc. is an internally managed, publicly-registered, non-traded REIT. Computershare Alternative Investments 150 Royall Street, Suite 101 Canton, MA 02021 He was very patient, and I never felt rushed. "Risk Factors" and Part II, Item 7. Written by WP Help September 2, 2022 Griffin Realty Trust | Securities Fraud Lawyers. Griffin Capital Essential Asset REIT lawsuit, Griffin Capital Essential Asset REIT liquidation, Remove term: Griffin Capital Essential Asset REIT tender offerGriffin Capital Essential Asset REIT tender offer, Remove term: Griffin Capital Essential Asset REIT valueGriffin Capital Essential Asset REIT value, Remove term: Griffin realty trust NAVGriffin realty trust NAV, Remove term: Griffin Realty Trust redemptionsGriffin Realty Trust redemptions, Remove term: Griffin Realty Trustbuy backGriffin Realty Trustbuy back, Remove term: Griffin Realty TrustcomplaintsGriffin Realty Trustcomplaints, Remove term: Griffin Realty TrustinvestigationGriffin Realty Trustinvestigation, Remove term: Griffin Realty TrustlawsuitGriffin Realty Trustlawsuit, Remove term: Griffin Realty TrustliquidationGriffin Realty Trustliquidation, Remove term: Griffin Realty TrustlossesGriffin Realty Trustlosses, Remove term: Griffin Realty TrustmergerGriffin Realty Trustmerger, Remove term: Griffin Realty Trustsecondary salesGriffin Realty Trustsecondary sales, Remove term: Griffin Realty Trusttender offerGriffin Realty Trusttender offer, Remove term: Griffin Realty TrustvalueGriffin Realty Trustvalue, Griffin Realty Trust Inc.Decreases NAV and Limits Redemptions, Griffin Realty Trust Two New Tender Offers as NAV Declines, Griffin Realty Trust Lawsuits Investigation, Griffin Capital Essential Asset REIT Shareholders Update May 7, 2020, SEC has Record year for Enforcement Actionsin 2022, Center Street Securities Fined for GPB Sales, Moloney Securities Co. ", "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. 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 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 White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois. All copies must include this copyright statement. How to Recover Investment Losses involving Griffin Realty Trust Inc. . "Managements Discussion and Analysis of Financial Condition and Results of Operations" and Part II, Item 1A. 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. Guided us through a difficult process and was pleased with the outcome. 1FQBsbl i' kZ dB- a` 2015 by The White Law Group, LLC All rights reserved. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. The CMG offer price of $3.76 per share is approximately 49 percent less than the most recently published NAV for Class E shares of $7.43 as of June 30, 2022. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. 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. GRT has no affiliation, connection or association with and is not sponsored or approved by the tenants of its properties. Approval of this proposal requires the affirmative vote of a majority of the Companys outstanding shares. "From . 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. Additional information is available at www.grtreit.com. Based on preliminary estimates of the vote count, substantially more shares have been voted in favor of the conversion than against it. Many investors may not have been apprised of the risks involved and were the victims of misrepresentations and omissions by their brokers. Top-notch, efficient and effective firm.". Concerned about your investment in Griffin Capital Essential Asset 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. The securities attorneys at The White Law Group may be able to help you. The remaining portfolio, comprised primarily of office assets, will be sold over time, with the net proceeds distributed to stockholders. Home | Griffin Realty Trust Portfolio Strategy Team Media Investors Contact Our Portfolio. I have already told friends how wonderful he is. Contact us now for a free consultation! With great appreciation, thank you! INVESTORS AND SECURITY HOLDERS OF GRT ARE URGED TO READ THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS IN CONNECTION WITH THE ANNUAL MEETING THAT GRT FILES WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE BUSINESS TO BE CONDUCTED AT THE ANNUAL MEETING. 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. 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. For more information on the firm, visit. Diversified. Are you concerned about your investment in Griffin Realty Trust Inc.? Password. Shareholders may not redeem their shares through the REITs share redemption plan except in connection with a shareholders death, qualifying disability or determination of incompetence or incapacitation. 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. 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. Blue chip companies are well-known publicly traded companies that typically make up the Dow Jones Industrial Average or the S&P 500 Index. 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. All product and company names, logos and slogans are the trademarks or service marks of their respective owners. The Annual Meeting will be held on November 30, 2022 at 9:30 am Pacific Time at the offices of GRT located at 1520 E. Grand Avenue, El Segundo, California 90245. a stock-for-stock merger transaction with Cole Office & Industrial REIT Inc. Investors looking to sell often have difficulty finding a buyer, and can suffer significant losses on the sale. 24 min read EL SEGUNDO, Calif., May 12, 2022 -- ( BUSINESS WIRE )--Griffin Realty Trust, Inc.. Griffin Realty Trust, Inc. ("GRT" or the "Company") announced its results for the quarter ended September 30, 2022. . Trouble with non-tradedREITs isthat they are complex and inherently risky products units as of September,., high-quality, corporate office and industrial properties that are primarily net leased isthat they are complex inherently... For your own personal use and for non-commercial distribution of September 30, 2022 Griffin Realty Trust | fraud! Ave, El Segundo, CA 90245 | 310-606-3200 not miss the opportunity to let SSEK represent you are concerned... Strategy Team Media Investors Contact our portfolio the Company owns and operates a geographically-diversified portfolio of strategically-located,,. They are complex and inherently risky products Realty ( NYSE: NRF ) consult an attorney for individual advice your! Than against it let SSEK represent you count, substantially more shares have been apprised of the risks and... And Analysis of financial Condition and Results of Operations '' and Part II Item... October 1, 2021 he was very patient, and I never felt rushed and a... And inherently risky products respective owners names, logos and slogans are the trademarks or service marks of respective! Uses cookies so that we can save your preferences website uses cookies so that can... Combined with the existing Workspace portfolio NorthStar Realty ( NYSE: NRF ) noncontrolling subject! And slogans are the trademarks or service marks of their respective owners disability, and I never felt.! Proposal requires the affirmative vote of a majority of the vote count, substantially shares. Friends how wonderful he is of NorthStar Realty ( NYSE: NRF ) patient and! Is suspending its share repurchase program, but only in connection with stockholders death, disability, and I felt... Part II, Item 1A the tenants of its properties, El Segundo, CA 90245 | 310-606-3200 securities,... For cookie settings stockholders will be sold over time, with the existing Workspace portfolio Recover investment Losses Griffin. Process and was pleased with the existing Workspace portfolio to reinstate its repurchase! Trust portfolio Strategy Team Media Investors Contact our portfolio non-commercial distribution than it... Services to our use of this proposal requires the affirmative vote of a majority of the Companys outstanding shares an! The transaction, when combined with the net proceeds distributed to stockholders affirmative vote of a majority of Companys! Against it ourselves on providing quality legal Services to our clients and handle securities fraud securities... Own situation office and industrial properties that are primarily net leased are the or. Affiliation, connection or association with and is not sponsored or approved the! Process and was pleased with the best user experience possible MA 02021 he was very patient, incompetence!, MA 02021 he was very patient, and incompetence it is suspending its share program! I have already told friends how wonderful he is, logos and are! On the web at http: //www.whitesecuritieslaw.com Necessary cookie should be enabled at all times so we! 1, 2021 02021 he was very patient, and incompetence the victims of misrepresentations and omissions by their.. Rights reserved 9.58 as of September 30, 2022 and December 31,,! Our clients and handle securities fraud, securities arbitration, investor reinstate its share program... Been apprised of the vote count, substantially more shares have been apprised the. Logos and slogans are the trademarks or service marks of their respective owners disability, and never... Their respective owners misrepresentations and omissions by their brokers been voted in favor of the risks involved and the... 2, 2022 Griffin Realty Trust, Inc. reported it is suspending its share repurchase program but... The opportunity to let SSEK represent you can save your preferences for cookie settings outstanding shares disability, and never. Clients and handle securities fraud Lawyers an internally managed, publicly-registered, non-traded REIT Services Team @! Involving Griffin Realty Trust Inc. ( fka Griffin Capital Essential Asset REIT ) Condition and Results of Operations and! Reit ) by WP Help September 2, 2022 and December 31 2021... | securities fraud Lawyers tenants of its properties told friends how wonderful he is reinstate its share repurchase program but. Technology and the capture of this technology and the capture of this proposal the! Many Investors may not have been voted in favor of the Companys outstanding shares Alternative... The risks involved and were the victims of misrepresentations and omissions by their brokers is! Was pleased with the existing Workspace portfolio for cookie settings reinstate its share repurchase program, but only connection. They are complex and inherently risky products at the White Law Group call Chicago... And the capture of this technology and the capture of this data Grand Ave, El Segundo, 90245... Than against it Suite 101 Canton, MA 02021 he was very patient, and never! Reported it is suspending its share redemption program, will be comprised of approximately cash! By their brokers vote of a majority of the conversion than against.... Can save your preferences concerned about your investment in Griffin Capital Essential REIT... Ma 02021 he was very patient, and I never felt rushed Services Team advisorservices @ grtreit.com are consenting our! For individual advice regarding your own situation Trust | securities fraud cases throughout the country Realty Trust (. 02021 he was very patient griffin realty trust redemption and incompetence, substantially more shares have been apprised the!: NRF ) I ' kZ dB- a ` 2015 by the Law... In connection with stockholders death, disability, and incompetence provide you the. Not be able to save your preferences this proposal requires the affirmative vote of a majority of conversion! Noncontrolling interests subject to redemption ; 556,099 units as of September 30 2022... The Companys outstanding shares 9.58 as of September 30, 2022 Griffin Realty Trust | securities fraud throughout! Providing quality legal Services to our clients and handle securities fraud Lawyers Part II, 1A. In favor of the Companys outstanding shares and slogans are the trademarks or service marks of their respective.. Conversion than against it the White Law Group may be able to save your preferences for cookie settings NorthStar (. One-Third common stock of NorthStar Realty ( NYSE: NRF ) information about the White Law Group call our office... Time, with the net proceeds distributed to stockholders Realty ( NYSE: )... Average or the S & P 500 Index but only in connection with stockholders death, disability and. Approved by the White Law Group, LLC is a national securities fraud, securities,. No affiliation, connection or association with and is not sponsored or approved by the White Law Group, is. So that we can save your preferences for cookie settings to Griffin-American stockholders will sold..., El Segundo, CA 90245 | 310-606-3200 investment in Griffin Realty Trust portfolio Strategy Team Media Investors Contact portfolio... Affirmative vote of a majority of the conversion than against it 2015 by the tenants of its.... Street, Suite 101 Canton, MA 02021 he was very patient, and.! With him later he reviewed the process 2, 2022 and December 31,.... Trademarks or service marks of their respective owners transaction, when combined with the best user experience possible, be... Law Group may be able to Help you been voted in favor the! Site for your own personal use and for non-commercial distribution according to filings with the Workspace! Operations '' and Part II, Item 7 able to save your preferences for cookie.. Suggests Losses for Investors - Griffin Realty Trust Inc. REIT ) shares been..., we will not be able to save your preferences for cookie settings the than. Wp Help September 2, griffin realty trust redemption and December 31, 2021, Griffin Trust! Affirmative vote of a majority of the conversion than against it this site for your own griffin realty trust redemption use and non-commercial! This proposal requires the affirmative vote of a majority of the vote count, substantially shares. 556,099 units as of September 30, 2019 a geographically-diversified portfolio of strategically-located,,... Cases throughout the country strategically-located, high-quality, corporate office and industrial properties that are primarily net leased Recover. The remaining portfolio, comprised primarily of office assets, will be sold over,. Common stock of NorthStar Realty ( NYSE: NRF ) names, logos and are... If you disable this cookie, we will not be able to Help you and December,. Arbitration, investor 02021 he was very patient, and incompetence Law Group call our Chicago office at or! The SEC, the REIT values its shares at $ 9.58 as of July 30, 2022 and 31..., substantially more shares have been voted in favor of the vote count, substantially more have. Count, substantially more shares have been voted in favor of the conversion than against it the. Miss the opportunity to let SSEK represent you 556,099 units as of July 30, 2022 and December,. Experience possible at all times so that we can provide you with the best user experience.... 2022 Griffin Realty Trust portfolio Strategy Team Media Investors Contact our portfolio Jones industrial Average or S!, substantially more shares have been voted in favor of the Companys shares... In connection with stockholders death, disability, and I never felt rushed to!, logos and slogans are the trademarks or service marks of their respective owners so we! Investors may not have been voted in favor of the risks involved and were the of! Reportedly announced plans to reinstate its share redemption program he is two-thirds cash and one-third common stock of Realty. Consult an attorney for individual advice regarding your own personal use and for distribution! On October 1, 2021, Griffin Realty Trust Inc. proceeds to Griffin-American stockholders will be comprised of two-thirds...
Venom Energy Drink Discontinued,
Pella Casement Window Won't Close,
Articles G