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. 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. Please. Every subsequent interaction I had with any of you - in person, via email, or by phone - only corroborated that feeling. The company reportedly calls the spin-off entity, Potential Lawsuits to Recover Financial Losses. 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. Dr. Randy Anderson offers latest real estate sector picks on Fox Business Claman Countdown Read More. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. Home; About; Portfolio; . The trouble with non-tradedREITs isthat they are complex and inherently risky products. Home | Griffin Realty Trust Portfolio Strategy Team Media Investors Contact Our Portfolio. Investment Losses? 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. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 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. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Many of our clients have lost a significant portion of their net worth as the result of the negligence of their financial professional. "From . Griffin Realty Trust, Inc.'s latest 10-Q financial filing, filed on 2022-11-14. Are you concerned about your investment in Griffin Realty Trust Inc.? GRT has not approved or sponsored its tenants or their products and services. On October 1, 2021, Griffin Realty Trust, Inc. reported it is suspending its share redemption program . 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. 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. 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 . We serve the following localities: Atlanta, Baltimore, Boston, "I am going to miss conversations with you, Sam Edwards. The . Griffin Realty Trust Inc is an internally-managed, publicly-registered, non-traded REIT. 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. Griffin Realty Trust recently sold a majority interest in a 41-property office portfolio, consisting of 53 buildings and one land parcel, valued at $1.13 billion. 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 . Lack of liquidity is often problematic for many investors. What great work you do on behalf of people like me who have been wronged, yet don't know how to navigate the appeals/mediation/arbitration process as you do. With great appreciation, thank you! Guided us through a difficult process and was pleased with the outcome. The buyer is a consortium led by Thomas A. Rizk and Roger W. Thomas, founders of Workspace Property Trust. 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. Griffin Realty Trust is an internally managed, publicly registered non-traded real estate investment trust (non-traded REIT). catalyst for creating strong, risk-adjusted performance. For more Mackenzie Capital Management news, please their directory page. You can obtain free copies of the definitive proxy statement as described in the preceding paragraph. ", "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. You should consult an attorney for individual advice regarding your own situation. The Companys portfolio, as of November 1, 2022, includes 79 wholly owned office and industrial properties (89 buildings), totaling 21.1 million in rentable square feet, located in 24 states, as well as an equity interest in a joint venture that owns 41 office properties. 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. 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. ", "Good intelligent attorneys who never miss a beat. Firms that fail to do so, may be held responsible for any losses. Non-traded REIT investors should expect to hold on to their investments for years. The transaction, when combined with the existing Workspace portfolio . Third Party Tender Offers may Suggest Losses for Investors Updated (312) 238-9650 | Fax (312) 238-8950 | (888) 637-5510 | 125 S. Wacker Drive, Suite 300, Chicago, Illinois 60606The information you obtain at this site is not, nor is it intended to be, legal advice. No mention of the buyers or of what . 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. Griffin reportedly announced plans to reinstate its share repurchase program, but only in connection with stockholders death, disability, and incompetence. Many investors may not have been apprised of the risks involved and were the victims of misrepresentations and omissions by their brokers. All Rights Reserved. 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. All Rights Reserved. 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. GCEA: Dividend Date & History for Griffin Realty Trust Inc. - Ordinary Shares - Class E - Dividend.com GCEA: OTC (Stock) Griffin Realty Trust Inc. - Ordinary Shares - Class E Payout Change None Price as of: DEC 19, 03:10 PM EST $5.5 +0.22 +0% Dividend (Fwd) $0.00 Yield (Fwd) 0.00% Overview Ratings Recommendation Payouts Div Growth Capture Strategy 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. For more information on the firm, visit. 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. Net Debt (Pro Rata Share) as of September 30 . 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 non-traded REITs Board stated it would not make a recommendation one way or the other to shareholders. , Inc. is the distributor of the Griffin Institutional Access Credit Fund and the Griffin Institutional Access Real Estate Fund. 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. 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. Please disable your ad-blocker and refresh. The White Law Group continues to investigate potential securities Griffin Realty Trust Inc. (formerly Griffin Capital Essential Asset REIT) Tender Offer Price $4.08 per share may Suggest Losses for Griffin Capital Essential Asset REIT Securities Investigation The White Law Group is investigating potential securities claims involving (312) 238-9650 | Fax (312) 238-8950 | (888) 637-5510 | 125 S. Wacker Drive, Suite 300, Chicago, Illinois 60606The information you obtain at this site is not, nor is it intended to be, legal advice. 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The definitive proxy statement was first mailed to GRT stockholders entitled to vote at the Annual Meeting on or about August 29, 2022. This website uses cookies so that we can provide you with the best user experience possible. The contact form sends information by non-encrypted email, which is not secure. Unfortunately, there are Griffin Realty Trust investors who have reported significant investment losses. If you have an ad-blocker enabled you may be blocked from proceeding. "Managements Discussion and Analysis of Financial Condition and Results of Operations" and Part II, Item 1A. Investor . I set my expectations high, and they delivered above and beyond. 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 . Merger proceeds to Griffin-American stockholders will be comprised of approximately two-thirds cash and one-third common stock of NorthStar Realty (NYSE: NRF). Blue chip companies are well-known publicly traded companies that typically make up the Dow Jones Industrial Average or the S&P 500 Index. The non-traded REIT also said it was suspending its distribution reinvestment plan. Shareholders received a letter from the REITs board pressing them to disregard a tender offer by CMG Partners, LLC, and affiliates for 400,000 Class E stock shares at $4.08/share. 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%. 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. By accepting, you are consenting to our use of this technology and the capture of this data. 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. 1520 E. Grand Ave, El Segundo, CA 90245 | 310-606-3200. 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. If you disable this cookie, we will not be able to save your preferences. 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. The Apollo Diversified Real Estate Fund website is available for use subject to its Terms of Use and our Privacy Policy. 6:26 pm There is no guarantee all of our properties will be leased to blue chip tenants or companies with investment grade credit ratings. For more information on the firm, visit. The company noted that office properties continue to be negatively impacted by pandemic-related work-from-home trends.. 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. Share Redemption Form Instructions. 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. It owns and operates an institutional-quality portfolio of net-leased office and industrial assets.. Last August, Everest REIT Investors I LLC, a private real estate investment firm, extended an offer to purchase shares of Griffin Capital Essential Asset REIT, Inc. at a purchase price of $7.20 per share. 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