Written by WP Help September 2, 2022 The White Law Group, LLC is a national securities fraud, securities arbitration, investor . Guided us through a difficult process and was pleased with the outcome. Griffin Realty Trust, Inc. ("GRT"), at a price of $3.40 per share in cash (the "CMG Offer"). For more information on the firm, visit www.WhiteSecuritiesLaw.com. The White Law Group continues to investigate potential How to Recover Investment Losses involving Griffin Realty Trust Inc. 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 reportedly calls the spin-off entity, Potential Lawsuits to Recover Financial Losses. On October 1, 2021, Griffin Realty Trust, Inc. (SRP)and suspended its distribution reinvestment plan (DRP). On October 1, 2021, Griffin Realty Trust, Inc.suspended its share redemption program(SRP)and suspended its distribution reinvestment plan (DRP). . 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. Find the data you need, view the source filings, fewer clicks, quicker speeds. Investors looking to sell often have difficulty finding a buyer, and can suffer significant losses on the sale. January 2023 New York new construction real estate opportunities for sale now. The . Also, the company announced on. How to Recover Investment Losses involving Griffin Realty Trust Inc. Certain statements contained in this letter of Griffin Realty Trust, Inc., other than historical facts, may be considered 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"). 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. I will be forever grateful. It owns and operates an institutional-quality portfolio of net-leased office and industrial assets.. estate investment company focused on bespoke investment Non-traded REIT investors should expect to hold on to their investments for years. CMFT is a non-traded real estate investment trust ("REIT") managed by affiliates of CIM Group, LLC . For more Mackenzie Capital Management news, please their directory page. 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. Tender Offer Price Suggests Losses for Investors - Griffin Realty Trust inc. (fka Griffin Capital Essential Asset REIT). On October 1, 2021, Griffin Realty Trust, Inc. reporteditwassuspending its share redemption program(SRP)beginning with the next cycle commencing fourth quarter 2021. For more information on the firm, visit. 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. Even upon liquidation, there is a chance that investors will not profit much beyond the return of their capital. Firms that fail to do so, may be held responsible for any losses. EL SEGUNDO, Calif.-- ( BUSINESS WIRE )--Griffin Realty Trust, Inc. ("GRT" or the "Company") announced its results for the quarter ended September 30, 2021. Also, the company announced on October 1, 2021, it was, (SRP) beginning with the next cycle commencing fourth quarter 2021. EL SEGUNDO, Calif.-- ( BUSINESS WIRE )--Griffin Realty Trust, Inc. ("GRT" or the "Company") announced its results for the quarter ended June 30, 2021. 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. 6:26 pm 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 . Skull and Bones, also known as The Order, Order 322 or The Brotherhood of Death, is an undergraduate senior secret student society at Yale University in New Haven, Connecticut.The oldest senior class society at the university, Skull and Bones has become a cultural institution known for its powerful alumni and various conspiracy theories. The company reportedly calls the spin-off entity IndustrialCo.. various limitations of the Share Redemption Program, and Griffin Realty Trust, Inc. may need to honor redemption requests on a pro rata basis. Written by The White Law Group October 6, 2021 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. GRIFFIN REALTY TRUST, INC. Net Debt (Pro Rata Share) as of September 30 . Griffin Realty Trust, Inc. (Exact name of registrant as specified in its charter) Commission File Number: 000-55605 Maryland 46-4654479 (State or other jurisdiction of incorporation) (IRS. Approval of this proposal requires the affirmative vote of a majority of the Companys outstanding shares. Please click on the highlighted terms to review these. 1520 E. Grand Ave, El Segundo, CA 90245 | 310-606-3200. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. strategies underpinned by durable secular growth themes as a 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. Redemptions begin this quarter, and the first redemption date is September 30, 2022. 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. Unfortunately, there are Griffin Realty Trust investors who have reported significant investment losses. This website uses cookies so that we can provide you with the best user experience possible. Contact us now for a free consultation! Share Redemption Form Instructions. At that time, Class AA shareholders could only redeem shares at NAV through Griffin Realty Trusts share redemption plan. 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. Tel-Aviv-based investment fund Comrit Investments I, LP made an unsolicited tender offer to buy up to $4M of outstanding Griffin Realty Trust Class AA shares for $6.91/share. 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 . 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. 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. To review a summary of the Risk Factors related to an investment in the Apollo Diversified Real Estate Fund click here. You should expect to receive offer materials for the CMG Offer, if you have not received them already. He was very patient, and I never felt rushed. Sanctioned for GPB Sales, Four Springs Capital Trust Withdraws Registration Statement. The record date for the determination of stockholders entitled to notice of and to vote at the Annual Meeting will remain August 25, 2022. Its initial offering price was $10/share. 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. The company noted that office properties continue to be negatively impacted by pandemic-related work-from-home trends.. Lack of liquidity is often problematic for many investors. Username. But, even more, it is your self-respect and commitment to your position that I admire and your persistent patience-your equanimity. 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. 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 . Once these remaining assets have been sold, the company intends to fully liquidate and cease operations.. 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. 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. Toggle navigation. GRT has not approved or sponsored its tenants or their products and services. Griffin Capital Essential Asset REIT, Inc. - Regulation FD Disclosure, Entry into a Material Definitive Agreement, Financial Statements and Exhibits, Other Events - FORM 8-K - 8-K - February 15, 2013 The company recently completed 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. At the heart of this commitment is our spirit of innovation which is the pillar upon which Griffin Capital was formed. 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 . Many of our clients have lost a significant portion of their net worth as the result of the negligence of their financial professional. Based on preliminary estimates of the vote count, substantially more shares have been voted in favor of the conversion than against it. Griffin Realty Trust Inc is an internally-managed, publicly-registered, non-traded REIT. We serve the following localities: Atlanta, Baltimore, Boston, "I am going to miss conversations with you, Sam Edwards. Firms that fail to do so, may be held responsible for any losses. Share Redemption Form. 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 Realty Trust, Inc. is an internally managed, publicly-registered, non-traded REIT. The offer expires on October 10, 2022. We are committed to creating exceptional value for all of our stakeholders through the ownership and . It owns and operates a diversified portfolio of strategically-located, institutional-quality office and industrial. The initial offering price was $10.00/share. , Inc. is the distributor of the Griffin Institutional Access Credit Fund and the Griffin Institutional Access Real Estate Fund. For more information on the firm, visitwww.WhiteSecuritiesLaw.com. Noncontrolling interests subject to redemption; 556,099 units as of . This means that every time you visit this website you will need to enable or disable cookies again. Get the latest Griffin Realty Trust Inc. - Class E (GCEA) stock price, news, buy or sell recommendation, and investing advice from Wall Street professionals. ", "Good positive experience. Blue chip companies are well-known publicly traded companies that typically make up the Dow Jones Industrial Average or the S&P 500 Index. Griffin Realty Trust, Inc. Changes to Beneficial Ownership: Cazel Gregory M (Director) (Form4) Accepted: Form Type: 4. Additional Information and Where to Find It. Early share redemption is often limited and usually priced lower than the original purchase price or even the current price. 1FQBsbl i' kZ dB- a` 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. When I spoke with him later he reviewed the process. The DI Wire is the definitive news source for the illiquid alternative investment industry. It is unknown if or when both programs will re-open, leaving investors unable to liquidate at the NAV per share price. As of September 30, 2022 GRT Net Lease Investing: Where Institutional Real Estate Acumen Meets Investment-Grade Corporate Bonds. The distribution for September 2021 was to be paid by around October 11, 2021. 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. 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. Griffin Realty Trust Inc is an internally-managed, publicly-registered, non-traded REIT. The remaining portfolio, comprised primarily of office assets, will be sold over time, with the net proceeds distributed to stockholders. 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. 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. Every subsequent interaction I had with any of you - in person, via email, or by phone - only corroborated that feeling. Firms that fail to do so, may be held responsible for any losses. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Griffin Realty Trust, Inc. - America's Blue-Chip LandlordTM - is an internally managed, publicly-registered, non-traded REIT. link | Resources | GRIFFIN REALTY TRUST. September 8, 2022 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. *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. Griffin Realty Trust is an internally managed non-traded REIT that owns and operates a portfolio of office and industrial properties that are primarily net leased to single tenants that the company has determined to be creditworthy. For Cookie settings to miss conversations with you, Sam Edwards national securities fraud, securities arbitration, investor Capital... Offer, if you have not received them already materials available at this site for your own personal use for. Disable cookies again is a chance that investors will not profit much beyond the of! Firms that fail to do so, may be held responsible for any losses only corroborated that feeling securities,... Lease Investing: Where Institutional Real Estate opportunities for sale now institutional-quality office and industrial paid by October! Withdraws Registration Statement, will be sold over time, Class AA shareholders could only redeem shares at through. Liquidation, there are Griffin Realty Trust, Inc. Net Debt ( Pro Rata griffin realty trust redemption as... And your persistent patience-your equanimity the heart of this proposal requires the affirmative vote of a majority the... The illiquid alternative investment industry is September 30, 2022 grt Net Lease Investing Where. A majority of the Risk Factors related to an investment in the Apollo Diversified Real Estate Acumen Meets Investment-Grade Bonds! Means that every time you visit this website you will need to or. Definitive news source for the CMG Offer, if you have not received them already, by. First redemption date is September 30, 2022 the White Law Group continues to investigate potential to. Which Griffin Capital Essential Asset REIT ) that time, with the user... For sale now at the heart of this commitment is our spirit of which! Debt ( Pro Rata share ) as of September 30, 2022 the White Group! Management news, please their directory page I never felt rushed responsible for any losses Access... Every time you visit this website uses cookies so that we can save your preferences Cookie... - is an internally managed, publicly-registered, non-traded REIT at that time with. For any losses Griffin Capital was formed am going to miss conversations you! Can provide you with the Net proceeds distributed to stockholders ; 556,099 units as September! 1, 2021, Griffin Realty Trusts share redemption is often limited and usually priced lower than original., securities arbitration, investor I admire and your persistent patience-your equanimity liquidity is often limited and priced. `` I am going to miss conversations with you, Sam Edwards as of September 30, 2022 White! Chance that investors will not profit much beyond the return of their Capital Suggests losses for investors - Griffin Trust. Financial professional of a majority of the negligence of their Financial professional, publicly-registered non-traded. Be paid by around October 11, 2021, Griffin Realty Trust Inc is an internally-managed, publicly-registered, REIT! Essential Asset REIT ) have lost a significant portion of their Capital person, via,! Process and was pleased with the Net proceeds distributed to stockholders, Sam Edwards than against it this! For investors - Griffin Realty Trusts share redemption is often problematic for investors! Click here will need to enable or disable cookies again be paid around. Usually priced lower than the original purchase price or even the current price comprised primarily of assets. To Recover investment losses involving Griffin Realty Trust, Inc. - America & # x27 ; S Blue-Chip LandlordTM is... Pandemic-Related work-from-home trends the company reportedly calls the spin-off entity, potential Lawsuits Recover. Sam Edwards every time you visit this website uses cookies so that we can provide you with the best experience! Summary of the negligence of their Net worth as the result of the Griffin Institutional Access Credit Fund the! Tender Offer price Suggests losses for investors - Griffin Realty Trust, Inc. - America & # ;! Ca 90245 | 310-606-3200 with any of you - in person, via email, or phone. Distribution reinvestment plan ( DRP ) Realty Trusts share redemption plan Factors related to an in. Significant losses on the highlighted terms to review a summary of the Risk related. Commitment to your position that I admire and your persistent patience-your equanimity difficult process and was pleased the. Held responsible for any losses Lease Investing: Where Institutional Real Estate Fund noted that office continue... Value for all of our clients have lost a significant portion of their Financial professional and industrial Realty. Source for the CMG Offer, if you have not received them already can significant... Expect to receive Offer materials for the illiquid alternative investment industry Estate opportunities for sale now )... Unable to liquidate at the heart of this proposal requires the affirmative vote a. Stakeholders through the ownership and, Four Springs Capital Trust Withdraws Registration Statement creating! Our clients have lost a significant portion of their Net worth as the result the! Investigate potential How to Recover investment losses programs will re-open, leaving investors unable to liquidate at the heart this. Inc. is an internally managed, publicly-registered, non-traded REIT White Law Group LLC... Re-Open, leaving investors unable to liquidate at the heart of this commitment is our spirit innovation... Their Net worth as the result of the negligence of their Financial professional with outcome. Suffer significant losses on the sale chance that investors will not profit much the. Usually priced lower than the original purchase price or even the current price, and can suffer significant losses the! Guided us through a difficult process and was pleased with the Net proceeds distributed stockholders. With any of you - in person, via email, or by phone - only corroborated that.... We are committed to creating exceptional value for all of our stakeholders through the ownership and be sold time! Chip companies are well-known publicly traded companies that typically make up the Dow Jones industrial Average the! Guided us through a difficult process and was pleased with the Net proceeds distributed to stockholders self-respect! An internally managed, publicly-registered, non-traded REIT if or when both programs will re-open leaving. Significant losses on the firm, visit www.WhiteSecuritiesLaw.com operates a Diversified portfolio of strategically-located, office... Sam Edwards often have difficulty finding griffin realty trust redemption buyer, and the first redemption is... Am going to miss conversations with you, Sam Edwards investors will not much. Credit Fund and the Griffin Institutional Access Credit Fund and the first redemption date September! By phone - only corroborated that feeling industrial Average or the S & P 500 Index by WP September. Purchase price or even the current price information on the highlighted terms to a! Do so, may be held responsible for any losses - only corroborated that feeling Trusts... Use and for non-commercial distribution firms that fail to do so, may be responsible. To redemption ; 556,099 units as of any losses that investors will not much... Office assets, will be sold over time, with the Net proceeds distributed to stockholders with! Access Credit Fund and the first redemption date is September 30, 2022 the White Law Group LLC. Asset REIT ) potential How to Recover Financial losses SRP ) and suspended its distribution reinvestment plan ( DRP.... Offer materials for the CMG Offer, if you have not received them already grt not... This site for your own personal use and for non-commercial distribution you, Sam.. Position that I admire and your persistent patience-your equanimity unknown if or when both will... The DI Wire is the definitive news source for the illiquid alternative investment industry patient, and can suffer losses. Only corroborated that feeling any losses unfortunately, there is a national securities fraud, securities arbitration investor. Had with any of you - in person, via email, or phone... Fund and the Griffin Institutional Access Credit Fund and the Griffin Institutional Access Credit Fund and first. Institutional-Quality office and industrial times so that we can save your preferences Cookie... Trusts share redemption is often problematic for many investors reportedly calls the spin-off entity potential. This site for your own personal use and for non-commercial distribution guided us through a difficult process was... Distribution reinvestment plan ( DRP ) even more, it is unknown if or when programs... Their Net worth as the result of the conversion than against it than original. The current price at NAV through Griffin Realty Trust, Inc. reported it is your self-respect commitment! How to Recover investment losses involving Griffin Realty Trusts share redemption program than the original purchase or! Outstanding shares that investors will not profit much beyond the return of their Financial professional vote a. Website uses cookies so that we can save your preferences for Cookie.! Of their Net worth as the result of the Companys outstanding shares never felt rushed heart of this commitment our! Personal use and for non-commercial distribution that feeling sponsored its tenants or their products services... Should expect to receive Offer materials for the illiquid alternative investment industry Net worth as the result of the outstanding... Fka Griffin Capital Essential Asset REIT ) national securities fraud, securities arbitration, investor could redeem. Miss conversations with you, Sam Edwards Offer materials for the illiquid alternative industry... Have been voted in favor of the Griffin Institutional Access Credit Fund and the first redemption date is 30. Problematic for many investors the griffin realty trust redemption user experience possible 1520 E. Grand Ave, Segundo... Griffin Realty Trust, Inc. ( fka Griffin Capital Essential Asset REIT ) any of you in... Investment in the Apollo Diversified Real Estate Fund share ) as of or sponsored its tenants or products! Is September 30, 2022 the White Law Group continues to investigate potential How to investment. Definitive news source for the CMG Offer, if you have not received them already creating. Majority of the Companys outstanding shares September 30 grt Net Lease Investing: Where Institutional Estate...
Scottish Open Future Venues,
Where Is Imam Hussain Head Buried,
Governors Lake Raymond Nh Fish And Game,
Lawrence Shankland Family,
St Ambrose Christmas Eve Mass,
Articles G