Griffin Realty Trust sold a majority interest in a 41-property, 53-building office portfolio at a $1.13 billion valuation, according to a company press release. 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. Market-leading rankings and editorial commentary - see the top law firms & lawyers for Real estate investment trusts (REITs) in United States Griffin Capital has owned, managed, sponsored or co-sponsored investment programs encompassing over $20 billion in assets. Blue chip companies are well-known publicly traded companies that typically make up the Dow Jones Industrial Average or the S&P 500 Index. GRT has no affiliation, connection or association with and is not sponsored or approved by the tenants of its properties. This means that every time you visit this website you will need to enable or disable cookies again. GRT has not approved or sponsored its tenants or their products and services. 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. GRT has not approved or sponsored its tenants or their products and services. 2015 by The White Law Group, LLC All rights reserved. Griffin Realty Trust, Inc. (GRTA) SEC Filing 10-K Annual Report for the fiscal year ending Friday, December 31, 2021. 3,812 . Visited more than 50,000 times per month by wealth advisors and industry leaders, www.TheDIWire.com is an invaluable resource for anyone interested in the illiquid alternative investment industry. 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. 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. 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. Resilient. 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. estate investment company focused on bespoke investment 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. 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. 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. 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. 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. He was very patient, and I never felt rushed. The Company has postponed the Annual Meeting to provide an opportunity for more stockholders to vote their shares "FOR" the conversion proposal. For more information on the firm, visit. The company reportedly calls the spin-off entity IndustrialCo.. The offer expires on October 10, 2022. 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. 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. 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. Many of our clients have lost a significant portion of their net worth as the result of the negligence of their financial professional. Diversified. . Additional Information and Where to Find It. Additional information is available at www.grtreit.com. Approval of this proposal requires the affirmative vote of a majority of the Companys outstanding shares. Griffin Realty Trust Inc. is a publicly registered, non-traded REIT. 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. It has a portfolio of mostly single tenant business essential properties in the 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"). 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. Data as of December 31, 2022, unless otherwise noted. 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 . How to Recover Investment Losses involving Griffin Realty Trust Inc. Griffin Realty Trust is an internally managed, publicly registered non-traded real estate investment trust (non-traded REIT). Lack of liquidity is often problematic for many investors. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 1FQBsbl i' kZ dB- a` Inflation-Protected. Highlights for the Quarter Ended. Its initial offering price was $10/share. Computershare Alternative Investments 150 Royall Street, Suite 101 Canton, MA 02021 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. The trouble with non-tradedREITs isthat they are complex and inherently risky products. GRTs Board of Directors unanimously recommends thatstockholders vote "FOR" all proposals to be voted on at the Annual Meeting. 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 . Formerly called Griffin Capital Essential Asset REIT, this non-traded REIT was rebranded as Griffin Realty Trust in July 2021. The . 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. 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. This is the second unsolicited tender offer for shares of Griffin Realty Trust in recent days, following CMG Partners offer to purchase up to 500,000 Class E shares for $3.76 each. The securities attorneys at The White Law Group may be able to help you. The Company owns and operates a . hb```e````c`dab@ !;cv$ }c36x1M@ 0 Griffin Realty Trust makes no recommendation on whether shareholders should accept or decline the CMG offer, according to a letter to shareholders filed with the SEC on Friday. 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. Please do not include any confidential or sensitive information in a contact form, text message, or voicemail. These include industrial properties and corporate offices that the company considers credit-worthy. There have been no changes to the proposals to be voted on at the Annual Meeting. 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. Share Redemption Form. Contact Shepherd Smith Edwards & Kantas, LLP, NorthStar Financial Services (Bermuda) - Learn More Here. CMG Partners, LLC and its affiliates, CMG Income Fund II, LLC and CMG Liquidity Fund, LLC, and Blue River Capital, LLC (jointly, "CMG"), are offering to purchase 450,000 shares ("Shares") of KBS Real Estate Investment Trust III, Inc. (the "REIT") for $5.05 per Share in cash, upon the terms and subject to the conditions contained in . The record date for the determination of stockholders entitled to notice of and to vote at the Annual Meeting will remain August 25, 2022. By accepting, you are consenting to our use of this technology and the capture of this data. ", "Good intelligent attorneys who never miss a beat. Vornado Realty Trust and Rudin Management have reached a deal with Griffin's Citadel that allows the developers to construct a 1.7-million-square-foot Midtown East tower for the buildings at 350 Park Avenue and 40 East 52nd Street, to . Toggle navigation. 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. 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. At the time, the current net asset value (NAV) of Class E Common Stock was $8.97/share. Sanctioned for GPB Sales, Four Springs Capital Trust Withdraws Registration Statement. 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. 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. For more Mackenzie Capital Management news, please their directory page. 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. Written by WP Help September 2, 2022 The White Law Group continues to investigate potential How to Recover Investment Losses involving Griffin Realty Trust Inc. 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. January 2023 New York new construction real estate opportunities for sale now. 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. The offer expires on October 10, 2022. EL SEGUNDO, Calif.-- ( BUSINESS WIRE )--Griffin Realty Trust, Inc. ("GRT" or the "Company") announced its results for the quarter ended June 30, 2021. 10-K Annual Report Summary 10-K Annual Report 10-K YoY Changes. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. The company noted that office properties continue to be negatively impacted by pandemic-related work-from-home trends.. 1520 E. Grand Ave, El Segundo, CA 90245 | 310-606-3200. On October 1, 2021, Griffin Realty Trust, Inc.suspended its share redemption program(SRP)and suspended its distribution reinvestment plan (DRP). Early share redemption is often limited and usually priced lower than the original purchase price or even the current price. Financial Advisors: Contact the GRT Advisor Services Team advisorservices@grtreit.com. 1520 E. Grand Ave, El Segundo, CA 90245 | 310-606-3200. Griffin Realty Trust, Inc. is an internally managed, publicly-registered, non-traded REIT. 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. 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. Today's buyers and sellers need a trusted resource that can guide them through the complex world of real estate. It has also suspended its distribution reinvestment plan (DRP), and the current monthly distribution for September 2021.