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. Many investors may not have been apprised of the risks involved and were the victims of misrepresentations and omissions by their brokers. 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 non-traded REIT also said it was suspending its distribution reinvestment plan. Early share redemption is often limited and usually priced lower than the original purchase price or even the current price. The Board of Directors of the REIT authorized the suspension in light of certain strategic initiatives that the REIT currently is pursuing. Sila Realty Trust Inc is a real estate investment trust. 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. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. 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). Griffin Realty Trust | Securities Fraud Lawyers. 10:20 am This website uses cookies so that we can provide you with the best user experience possible. Noncontrolling interests subject to redemption; 556,099 units as of . Top-notch, efficient and effective firm.". About Griffin Realty Trust, Inc. Griffin Realty Trust, Inc. - America's Blue-Chip Landlord TM - is an internally managed, publicly-registered, non- traded REIT. el segundo, calif. - august 5, 2022 - griffin realty trust, inc. ("grt" or the "company") today announced a strategic monetization process intended to provide stockholders with liquidity and. The White Law Group, LLC is a national securities fraud, securities arbitration, investor . 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. All Rights Reserved. Call SSEK Law Firm at (800) 259-9010 or contact us online today. The trouble with non-traded REITs is that they are complex and inherently risky products. 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. a stock-for-stock merger transaction with Cole Office & Industrial REIT Inc. Griffin Realty Trust, Inc. ("GRT" or the "Company") announced its results for the quarter ended September 30, 2021. . There have been no changes to the proposals to be voted on at the Annual Meeting. Many of our clients have lost a significant portion of their net worth as the result of the negligence of their financial professional. This comes after the companycompleteda stock-for-stock merger transaction with Cole Office & Industrial REIT Inc. 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. Financial Advisors: Contact the GRT Advisor Services Team advisorservices@grtreit.com. Their broker may have even unsuitably sold this non-traded REIT to them. 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. You are now leaving the Sila Realty Trust, Inc. (the "REIT") Website. 2023 Griffin Realty Trust. GRTs Board of Directors unanimously recommends thatstockholders vote "FOR" all proposals to be voted on at the Annual Meeting. ", "Good intelligent attorneys who never miss a beat. Please click on the highlighted terms to review these. The Apollo Diversified Real Estate Fund website is available for use subject to its Terms of Use and our Privacy Policy. Unfortunately, there are Griffin Realty Trust investors who have reported significant investment losses. All Rights Reserved. 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 . Contact us now for a free consultation! 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. Popular Channels. 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. The offer expires on October 10, 2022. To review a summary of the Risk Factors related to an investment in the Apollo Diversified Real Estate Fund click here. 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. 2023 Griffin Realty Trust. There is a quarterly cap of $5 million on total redemptions, and the next redemption date is September 30, 2022. Contact Shepherd Smith Edwards & Kantas, LLP, NorthStar Financial Services (Bermuda) - Learn More Here. Griffin Realty Trust Plans Spin-off, Liquidation as NAV Declines, Griffin Capital Essential Asset REIT lawsuit, Griffin Capital Essential Asset REIT liquidation, Griffin Capital Essential Asset REIT tender offer, Griffin Capital Essential Asset REIT value, Griffin Realty Trust Inc.Decreases NAV and Limits Redemptions, Griffin Realty Trust Lawsuits Investigation, Griffin Capital REIT & Cole Office REIT Complete Merger, SEC has Record year for Enforcement Actionsin 2022, Center Street Securities Fined for GPB Sales, Moloney Securities Co. 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. 6:26 pm Formerly called Griffin Capital Essential Asset REIT, this non-traded REIT was rebranded as Griffin Realty Trust in July 2021. 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. 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. View All Net Leased. Regulation FD Disclosure On October 1, 2021, Griffin Realty Trust, Inc. reported that it has temporarily suspended its . By accepting, you are consenting to our use of this technology and the capture of this data. 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. Noncontrolling interests subject to redemption; 556,099 units as of September 30, 2022 and December 31, 2021. 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. 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. How to Recover Investment Losses involving Griffin Realty Trust Inc. EL SEGUNDO, Calif.-- ( BUSINESS WIRE )--Griffin Realty Trust, Inc. ("GRT" or the "Company") announced its results for the quarter ended June 30, 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 as of June 30, 2022. The . Youve been a wonderful lawyer and a friend. Its initial offering price was $10/share. 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. . Item 1.01. Lack of liquidity is often problematic for many investors. NAV as of 6/30/2022 149 0 obj <> endobj 217 0 obj <>/Filter/FlateDecode/ID[<5463D9D8FF8B4A4CB41AA2CB29EEA13D><819E60FE17B3436C892F51042F1BABE8>]/Index[149 185]/Info 148 0 R/Length 213/Prev 485544/Root 150 0 R/Size 334/Type/XRef/W[1 3 1]>>stream There is no guarantee all of our properties will be leased to blue chip tenants or companies with investment grade credit ratings. Toggle navigation. Submitting a contact form, sending a text message, making a phone call, or leaving a voicemail does not create an attorney-client relationship. August 8, 2022 Griffin Realty Trust Inc., a publicly registered non-traded real estate investment trust formerly known as Griffin Capital Essential Asset REIT, has reported its "strategic monetization process" that includes spinning off a new public company and liquidating the remaining assets. Dr. Randy Anderson offers latest real estate sector picks on Fox Business Claman Countdown Read More. Find the latest performance data chart, historical data and news for Griffin Capital Essential Asset REIT II, Inc. Class E Shares (ZGEAEX) at Nasdaq.com. Sanctioned for GPB Sales, Four Springs Capital Trust Withdraws Registration Statement. Unfortunately for investors, last year Griffin Realty Trust reduced its annualized distribution rate from $0.55 per Share to $0.35 per Share, a 36% decrease. EL SEGUNDO, Calif., November 01, 2022--Griffin Realty Trust, Inc. ("GRT" or the "Company") today announced it has postponed its 2022 annual meeting of stockholders ("Annual Meeting") from November . To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. We are committed to creating exceptional value for all of our stakeholders through the ownership and . If you disable this cookie, we will not be able to save your preferences. The Company cautions investors not to place undue reliance on these forward-looking statements and urge you to carefully review the disclosures it makes concerning risks. The move was part of the REITs strategic monetization process that was announced in early August, which will involve a separation of the REIT by spinning off a new public company that will own a portfolio of primarily industrial assets, as well as certain office assets, and listing that companys shares on a national exchange. 2023 Griffin Capital Company, LLC. This website uses cookies so that we can provide you with the best user experience possible. hb```e````c`dab@ !;cv$ }c36x1M@ 0 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. GRT has not approved or sponsored its tenants or their products and services. 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. 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. Contact us now for a free consultation! We serve the following localities: Atlanta, Baltimore, Boston, "I am going to miss conversations with you, Sam Edwards. Or their products and Services, LLC is a real estate sector picks Fox. And were the victims of misrepresentations and omissions by their brokers GRT has not approved or its. On at the Annual Meeting investment Trust advisorservices @ grtreit.com million on total redemptions, and capture... 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