There is no guarantee all of our properties will be leased to blue chip tenants or companies with investment grade credit ratings. 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. 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. On October 1, 2021, Griffin Realty Trust, Inc. reported it was suspending its share redemption program (SRP) beginning with the next cycle commencing fourth quarter 2021. 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, Mackenzie Capital Management has also launched a tender offer to purchase shares of the REIT on September 5, reportedly offering, 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., 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. Among other items, the Board is asking stockholders of the Company to consider and vote on a proposal to approve the conversion of the Company from a Maryland corporation to a Maryland real estate investment trust, in order to allow the Board to pursue the path to liquidity and value maximization that it considers to be in the best interests of stockholders in a manner that does not result in substantial adverse tax consequences to stockholders. Noncontrolling interests subject to redemption; 556,099 units as of . Share Redemption Form Instructions SEC Filings https://www.sec.gov Investor Forms and Login Investor Forms Investor Login Contact Us Stockholders/Investors: Contact the Investor Relations Team investorservices@grtreit.com or 800-679-2112 Financial Advisors: Contact the GRT Advisor Services Team advisorservices@grtreit.com. 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 . For more information on the firm, visit. Unfortunately, there are Griffin Realty Trust investors who have reported significant investment losses. 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. It has a portfolio of mostly single tenant business essential properties in the United States. The forward-looking statements speak only as of the date of this press release. Griffin Realty Trust, Inc. (GRTA) SEC Filing 10-K Annual Report for the fiscal year ending Friday, December 31, 2021. 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. Firms that fail to do so, may be held responsible for any losses. Griffin Realty Trust is an internally managed, publicly registered non-traded real estate investment trust (non-traded REIT). . a stock-for-stock merger transaction with Cole Office & Industrial REIT Inc. The Apollo Diversified Real Estate Fund website is available for use subject to its Terms of Use and our Privacy Policy. 10:20 am Griffin Realty Trust, Inc.'s latest 10-Q financial filing, filed on 2022-11-14. "From . Written by The White Law Group October 6, 2021 At that time, Class AA shareholders could only redeem shares at NAV through Griffin Realty Trusts share redemption plan. Top-notch, efficient and effective firm.". hbbd```b``+A$p ,!!H6~$H"$FHS/:q/``0 bvXd!XDL^:`` L\0LGlW v[l} B qW>]H Y7m9L`rYf20c_Qr&)3&&g`> W2 endstream endobj startxref 0 %%EOF 333 0 obj <>stream 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. Share Redemption Form Instructions. At the time, the current net asset value (NAV) of Class E Common Stock was $8.97/share. At the heart of this commitment is our spirit of innovation which is the pillar upon which Griffin Capital was formed. 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. 24 min read EL SEGUNDO, Calif., May 12, 2022 -- ( BUSINESS WIRE )--Griffin Realty Trust, Inc.. No mention of the buyers or of what . Griffin Realty Trust, Inc. ("GRT"), at a price of $3.40 per share in cash (the "CMG Offer"). ", "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 offer expires on October 10, 2022. All product and company names, logos and slogans are the trademarks or service marks of their respective owners. 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. Firms that fail to do so, may be held responsible for any losses. This means that every time you visit this website you will need to enable or disable cookies again. Blue chip companies are well-known publicly traded companies that typically make up the Dow Jones Industrial Average or the S&P 500 Index. Please disable your ad-blocker and refresh. Please. The REIT also noted that it has temporarily suspended its quarterly publishing of net asset value per share of common stock due to certain strategic initiatives that the REIT currently is pursuing, according to filings with the SEC. Password. "Risk Factors" of the Companys Quarterly Reports on Form 10-Q filed with the U.S. Securities and Exchange Commission. Creditworthy. 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. 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. By accepting, you are consenting to our use of this technology and the capture of this data. Contact us now for a free consultation! 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 trouble with non-traded REITs is that they are complex and inherently risky products. Our REIT fraud attorneys at Shepherd Smith Edwards and Kantas (SSEK Law Firm at investorlawyers.com) represent Griffin Realty Trust investors in recovering their losses from the brokerage firms responsible for selling them this investment. All Rights Reserved. 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 . NAV as of 6/30/2022 Blue chip companies are well-known publicly traded companies that typically make up the Dow Jones Industrial Average or the S&P 500 Index. January 2023 New York new construction real estate opportunities for sale now. 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. 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 . Our Capabilities GRIFFIN CAPITAL BY THE NUMBERS $ 22 B Owned/Managed/ Sponsored/Co-Sponsored 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. Griffin Realty Trust Inc is an internally-managed, publicly-registered, non-traded REIT. Concerned about your investment in Griffin Capital Essential Asset REIT? From our first meeting, I felt "heard" and that my situation and story were respected. Share Redemption Form. I set my expectations high, and they delivered above and beyond. 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, Inc. Americas Blue-Chip Landlord is an internally managed, publicly registered, non-traded REIT. For more information on the firm, visit. 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 . In filings with the Securities and Exchange Commission (SEC), Griffin Realty Trust said it was suspending publishing its NAV per share of common stock every quarter because of strategic initiatives.. 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. 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. 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