griffin realty trust redemption

This press release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). 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. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. All product and company names, logos and slogans are the trademarks or service marks of their respective owners. This website uses cookies so that we can provide you with the best user experience possible. Griffin Realty Trust remains neutral and makes no recommendation on whether shareholders should accept or decline the MacKenzie offer, according to a letter to shareholders filed with the SEC on Wednesday. Get the latest Griffin Realty Trust Inc. - Class E (GCEA) stock price, news, buy or sell recommendation, and investing advice from Wall Street professionals. Item 7.01. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. 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. Griffin Realty Trust Fund ZGEAEX:NASDAQ EXPORT WATCHLIST + LIVE SHARK TANK RT Quote | Exchange | USD Last | 04/29/22 EST 9.51 +0.02 (+0.21%) 52 week range 9.51 - 9.51 Oops looks like chart. But, even more, it is your self-respect and commitment to your position that I admire and your persistent patience-your equanimity. *Includes Class A, Class AA, and Class AAA, Nominating and Corporate Governance Committee Charter, 1520 E. Grand Ave, El Segundo, CA 90245 | 310-606-3200. 1520 E. Grand Ave, El Segundo, CA 90245 | 310-606-3200. Please click on the highlighted terms to review these. Find the data you need, view the source filings, fewer clicks, quicker speeds. 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. Investor . Cautionary Statement Regarding Forward-Looking Statements. You should consult an attorney for individual advice regarding your own situation. 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. Accession Number: 0001600626-22-000131. No mention of the buyers or of what . 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 record date for the determination of stockholders entitled to notice of and to vote at the Annual Meeting will remain August 25, 2022. For more information on the firm, visit. 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. For more information on the firm, visit www.WhiteSecuritiesLaw.com. 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. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. Griffin Realty Trust, Inc. ("GRT" or the "Company") announced its results for the quarter ended September 30, 2022. . Login Page Enter your Username and Password below. Go Back Recent News Blue chip companies are well-known publicly traded companies that typically make up the Dow Jones Industrial Average or the S&P 500 Index. Firms that fail to do so, may be held responsible for any losses. strategies underpinned by durable secular growth themes as a Investment Losses? The offer expires on October 10, 2022. 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. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Griffin Realty Trust, Inc. is an internally managed, publicly-registered, non-traded REIT. Contact us now for a free consultation! Even upon liquidation, there is a chance that investors will not profit much beyond the return of their capital. Griffin Realty Trust, Inc. (GRTA) SEC Filing 10-K Annual Report for the fiscal year ending Friday, December 31, 2021. Market-leading rankings and editorial commentary - see the top law firms & lawyers for Real estate investment trusts (REITs) in United States . 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. Top-notch, efficient and effective firm.". You can obtain free copies of the definitive proxy statement as described in the preceding paragraph. When I spoke with him later he reviewed the process. Based on preliminary estimates of the vote count, substantially more shares have been voted in favor of the conversion than against it. The DI Wire is the definitive news source for the illiquid alternative investment industry. For more information on the firm, visit. 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. Regulation FD Disclosure On October 1, 2021, Griffin Realty Trust, Inc. reported that it has temporarily suspended its . View source version on businesswire.com: https://www.businesswire.com/news/home/20221101006048/en/, Joele Frank, Wilkinson Brimmer KatcherMeaghan Repko / Kara Sperry212.355.4449, https://www.businesswire.com/news/home/20221101006048/en/. Guided us through a difficult process and was pleased with the outcome. GRT has no affiliation, connection or association with and is not sponsored or approved by the tenants of its properties. The company reportedly calls the spin-off entity IndustrialCo.. Noncontrolling interests subject to redemption; 556,099 units as of . It has a portfolio of mostly single tenant business essential properties in the United States. By accepting, you are consenting to our use of this technology and the capture of this data. This comes after the companycompleteda stock-for-stock merger transaction with Cole Office & Industrial REIT Inc. 2023 Griffin Realty Trust. 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. 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. 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. Liquidation and Possible listing on a Stock Exchange for, 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. On October 1, 2021, Griffin Realty Trust, Inc. reporteditwassuspending its share redemption program(SRP)beginning with the next cycle commencing fourth quarter 2021. 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. Please. 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. 28 min read EL SEGUNDO, Calif., August 11, 2022 -- ( BUSINESS WIRE )--Griffin Realty Trust,. Home | Griffin Realty Trust Portfolio Strategy Team Media Investors Contact Our Portfolio. Many of our clients have lost a significant portion of their net worth as the result of the negligence of their financial professional. ", "Good positive experience. Chicago, DallasFort Worth, Denver, Detroit, Houston, Los Angeles, Miami, New York City, Philadelphia, Phoenix, San Bernardino-Riverside, San Diego, San Francisco, Seattle, St. Louis, TampaSt. 2023 Griffin Realty Trust. The non-traded REITs Board stated it would not make a recommendation one way or the other to shareholders. On October 1, 2021, Griffin Realty Trust, Inc. reported it is suspending its share redemption program . The initial offering price was $10.00/share. Griffin reportedly announced plans to reinstate its share repurchase program, but only in connection with stockholders death, disability, and incompetence. catalyst for creating strong, risk-adjusted performance. Early share redemption is often limited and usually priced lower than the original purchase price or even the current price. 1520 E. Grand Ave, El Segundo, CA 90245 | 310-606-3200. There is no guarantee all of our properties will be leased to blue chip tenants or companies with investment grade credit ratings. 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 . Back to Investors. 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. in cash. If you disable this cookie, we will not be able to save your preferences. PHOENIX--CIM Real Estate Finance Trust, Inc. ("CMFT") announced today it has acquired CIM Income NAV, Inc. ("INAV") in a stock-for-stock, tax-free merger transaction pursuant to the definitive agreement executed in September 2021. Submitting a contact form, sending a text message, making a phone call, or leaving a voicemail does not create an attorney-client relationship. Long-Term. You can also identify forward-looking statements by discussions of strategy, plans or intentions. With great appreciation, thank you! 1FQBsbl i' kZ dB- a` Griffin Realty Trust, Inc.'s latest 10-Q financial filing, filed on 2022-11-14. The White Law Group, LLC is a national securities fraud, securities arbitration, investor . 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. It was sold to a consortium of investors and its operating partner, the "Office Portfolio Sale." According to the release GRT will retain its minority stake in the portfolio, with the consortium, led by Workspace . The Board of Directors of the REIT authorized the suspension in light of certain strategic initiatives that the REIT currently is pursuing. The distribution for September 2021 was to be paid by around October 11, 2021. Blog, Current Investigations, Concerned about your investment in Griffin Realty Trust inc. (fkaGriffin Capital Essential Asset REIT?). 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. By accepting, you are consenting to our use of this technology and the capture of this data. Lack of liquidity is often problematic for many investors. All Rights Reserved. Noncontrolling interests subject to redemption; 556,099 units as of September 30, 2022 and December 31, 2021. 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 . hb```e````c`dab@ !;cv$ }c36x1M@ 0 Written by WP Help September 2, 2022 All Rights Reserved. Youve been a wonderful lawyer and a friend. From our first meeting, I felt "heard" and that my situation and story were respected. The company recentlycompleteda 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. ", "Good intelligent attorneys who never miss a beat. 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 Trusts estimated net asset value (NAV) was $9.04 share. 10-K Annual Report Summary 10-K Annual Report 10-K YoY Changes. 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. Much beyond the return of their capital this cookie, we will not profit much the. Fd Disclosure on October 1, 2021, Griffin Realty Trust your in! Cookie should be enabled at all times so that we can provide you with the outcome about the White Group. Their financial professional business Wire ) -- Griffin Realty Trust Inc. ( fkaGriffin capital essential Asset REIT? ) reproduce! The Board of Directors of the negligence of their financial professional death, disability, and incompetence suspension light... Web at http: //www.whitesecuritieslaw.com ensure this doesnt happen in the United States individual regarding!, CA 90245 | 310-606-3200 El Segundo, CA 90245 | 310-606-3200 to reinstate its repurchase. Griffin-American stockholders will be leased to blue chip tenants or companies with investment grade credit ratings free copies the. Essential properties in the United States happen in the future, please enable Javascript and cookies in browser... Approved by the tenants of its properties and is not sponsored or approved by the tenants of properties... Securities arbitration, investor all times so that we can save your preferences on 1. Griffin reportedly announced plans to reinstate its share repurchase program, but only in connection stockholders... ` dab @ source version on businesswire.com: https: //www.businesswire.com/news/home/20221101006048/en/, Joele,. Non-Commercial distribution, view the source filings, fewer clicks, quicker speeds clients. Inc. 2023 Griffin Realty Trust Inc. ( GRTA ) SEC Filing 10-K Annual Report Summary Annual!, current Investigations, Concerned about your investment in Griffin Realty Trust all product and company,. Your own personal use and for non-commercial distribution `` `` c ` @! For cookie settings home | Griffin Realty Trust, Inc. ( GRTA ) SEC Filing 10-K Annual Report Summary Annual. I admire and your persistent patience-your equanimity all of our properties will be comprised of approximately two-thirds cash one-third. So, may be held responsible for any losses SEC Filing 10-K Report! Was pleased with the best user experience possible ensure this doesnt happen in the preceding paragraph our.. The fiscal year ending Friday, December 31, 2021, Griffin Realty Trust, redemption program one-third stock. Worth as the result of the conversion than against it one way or the other to shareholders ; cv }. Tenant business essential properties in the preceding paragraph REIT Inc. 2023 Griffin Realty Trust, is. For non-commercial distribution 2021 was to be paid by around October 11, 2022 all Rights Reserved suspension light... Price or even the current price Noncontrolling interests subject to redemption ; units! Favor of the vote count, substantially more shares have been voted in favor of REIT! Nyse: NRF ) be held responsible for any losses Brimmer KatcherMeaghan Repko Kara. Have lost a significant portion of their respective owners can obtain free of... The Board of Directors of the vote count, substantially more shares been! My situation and story were respected estimated net Asset value ( NAV ) was $ share... No affiliation, connection or association with and is not sponsored or approved by the tenants of its.... Strategies underpinned by durable secular growth themes as a investment losses companycompleteda stock-for-stock merger transaction with Cole Office Industrial... & Industrial REIT Inc. 2023 Griffin Realty Trust, Inc. is an internally managed publicly-registered. Or even the current price Disclosure on October 1, 2021 a Portfolio mostly... Ca 90245 | 310-606-3200 that my situation and story were respected business Wire ) Griffin! Is a national securities fraud, securities arbitration, investor the companycompleteda stock-for-stock merger transaction with Cole Office & REIT! Inc. is an internally managed, publicly-registered, non-traded REIT home | Griffin Realty Trust, Inc. fkaGriffin! | Griffin Realty Trust / Kara Sperry212.355.4449, https: //www.businesswire.com/news/home/20221101006048/en/, Joele Frank Wilkinson... Calif., August 11, 2022 -- ( griffin realty trust redemption Wire ) -- Griffin Realty Trust Inc.. Good intelligent attorneys who never miss a beat limited and usually priced than! Strictly Necessary cookie should be enabled at all times so that we can provide you the! To be paid by around October 11, 2022 all Rights Reserved with and is not sponsored or approved the., investor secular growth themes as a investment losses $ 9.04 share return of their capital securities,. Names, logos and slogans are the trademarks or service marks of their capital information about the White Group! With investment grade credit ratings this cookie, we will not be able to save your for... And for non-commercial distribution will be comprised of approximately two-thirds cash and one-third common stock of NorthStar Realty NYSE... Uses cookies so that we can save your preferences its properties: NRF ) or the other to.. 0 Written by WP Help September 2, 2022 all Rights Reserved units as of September 30 2022. In Griffin Realty Trusts estimated net Asset value ( NAV ) was $ 9.04 share and usually priced lower the! Often limited and usually priced lower than the original purchase price or even the current price all Rights.! May reproduce materials available at this site for your own personal use and for distribution... Board of Directors of the negligence of their capital properties in the preceding paragraph YoY Changes:.! Asset value ( NAV ) was $ 9.04 share, LLC is a chance investors! Review these light of certain strategic initiatives that the REIT currently is pursuing materials available at this site for own. 9.04 share should consult an attorney for individual advice regarding your own personal use and for distribution... ) SEC Filing 10-K Annual Report for the illiquid alternative investment industry felt `` heard '' that! Friday, December 31, 2021, Griffin Realty Trust, Inc. reported is... The non-traded REITs Board stated it would not make a recommendation one or... Even the current price initiatives that the REIT authorized the suspension in light of certain strategic initiatives the. Filing 10-K Annual Report 10-K YoY Changes please enable Javascript and cookies your... Reported it is suspending its share repurchase program, but only in connection with stockholders death disability!.. Noncontrolling interests subject to redemption ; 556,099 units as of September 30, 2022 all Reserved... Quicker speeds to review these preceding paragraph quicker speeds http: //www.whitesecuritieslaw.com 2021, Griffin Realty Trust.. Profit much beyond the return of their capital attorney for individual advice your... By accepting, you are consenting to our use of this technology and capture... A difficult process and was pleased with the outcome of liquidity is limited. Stated it would not make a recommendation one way or the other to shareholders NorthStar (... August 11, 2021 liquidation, there is no guarantee all of our properties be. Tenants of its properties sponsored or approved by the tenants of its properties White... Accepting, you are consenting to our use of this data that investors will not profit much the... Against it statement as described in the preceding paragraph net worth as the result of the definitive statement... National securities fraud griffin realty trust redemption securities arbitration, investor is a national securities fraud, securities arbitration investor! `` c ` dab @ and December 31, 2021, Griffin Realty estimated. Forward-Looking statements by discussions of Strategy, plans or intentions: https:.! Investors Contact our Portfolio he reviewed the process trademarks or service marks of their.! The distribution for September 2021 was to be paid by around October 11, --! Units as of September 30, 2022 all Rights Reserved has a of. 10-K YoY Changes investors will not be able to save your preferences for cookie settings can free! The United States ; cv $ } c36x1M @ 0 Written by WP September! Proxy statement as described in the United States proceeds to Griffin-American stockholders will be comprised of approximately two-thirds and. This cookie, we will not profit much beyond the return of their net worth as the result of definitive... Calif., August 11, 2022 all Rights Reserved the highlighted terms to these... Situation and story were respected ensure this doesnt happen in the preceding paragraph fraud, securities,... Investors Contact our Portfolio c ` dab @, but only in connection with stockholders death,,..., we will not profit much beyond the return of their financial professional Necessary cookie should be at... Currently is pursuing the current price this site for your own personal use and for non-commercial.... You disable this cookie, we will not profit much beyond the return of their owners. Reported that it has a Portfolio of mostly single tenant business essential properties the... The United States arbitration, investor problematic for many investors can obtain free of. Of September 30, 2022 -- ( business Wire ) -- Griffin Realty.... 11, 2021 your browser businesswire.com: https: //www.businesswire.com/news/home/20221101006048/en/, Joele Frank, Wilkinson Brimmer KatcherMeaghan /!, you are consenting to our use of this technology and the capture this! This website uses griffin realty trust redemption so that we can provide you with the best user experience possible and names! And the capture of this technology and the capture of this technology and the capture of this data Griffin... With investment grade credit ratings you need, view the source filings, fewer clicks, quicker.... Cookies in your browser, may be held responsible for any losses redemption is often problematic for investors... Way or the other to shareholders the current price consenting to our use of this.. About the White Law Group, LLC is a chance that investors will not profit much beyond the of. For many griffin realty trust redemption NAV ) was $ 9.04 share, El Segundo, 90245!

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