2018
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September 21, 2018
Griffin Institutional Access Real Estate Fund Announces Third Quarter Distribution
Griffin Capital Company, LLC announced today on behalf of Griffin Institutional Access Real Estate Fund (NASDAQ: GIREX, GCREX, GRIFX, GLREX, GMREX) the third quarter distribution of $0.356 for Class A, $0.348 for Class C, $0.359 for Class I, $0.355 for Class L, and $0.353 for Class M, or a 5.22% annualized distribution rate. The distribution will be payable on September 28, 2018 to shareholders of record as of September 20, 2018, with an ex-dividend date of September 21, 2018.
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September 12, 2018
Griffin Capital Company Announces Strong Month in Investor Flows August ’18 Success Driven by Continued Demand for Interval Funds
“There is a growing demand for diversification in client portfolios beyond those available in listed securities,” Mark Goldberg, CEO of Griffin Capital Securities said. “We are committed to fulfilling that need with our four open investment solutions that resonate with our intermediary partners and their clients.”
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August 27, 2018
Griffin Institutional Access Real Estate Fund Surpasses $2.5 Billion in AUM
Griffin Capital Company, LLC (“Griffin Capital”) announced today that Griffin Institutional Access Real Estate Fund (NASDAQ: GIREX, GCREX, GRIFX, GLREX, GMREX; the “Fund”) exceeded $2.5 billion in assets under management. The Fund achieved this mark on August 22, 2018.
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August 16, 2018
Griffin-American Healthcare REIT III Reports Second Quarter 2018 Results
“Since acquiring our first property in June 2014, Griffin-American Healthcare REIT III has built an international portfolio comprised of 208 healthcare properties and real estate-related investments valued at approximately $3.0 billion,1” said Jeff Hanson, chairman and chief executive officer. “Our selective acquisition strategy and active management philosophy has resulted in a portfolio that is performing well across all metrics and we remain very pleased with the progress we’ve made in a remarkably brief timespan.”
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August 15, 2018
Griffin Capital Essential Asset REIT Reports 2018 Second Quarter Results
“In the second quarter of 2018, we completed the 1031 exchange of the DreamWorks campus with acquisitions of the McKesson property in Scottsdale, AZ and the Shaw Industries facility in Port Wentworth (Savannah), GA,” said Chairman and CEO of the REIT, Kevin Shields. “We renewed five leases for approximately 1.8 million square feet, of which four leases totaling approximately 382,000 square feet were long-term extensions, and one lease for approximately 1.4 million square feet is a short-term extension. We believe these actions further solidify our existing portfolio of business-essential assets and puts us in a strong position to continue generating income for our shareholders.”
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August 15, 2018
Griffin Capital Essential Asset REIT II Reports 2018 Second Quarter Results
“In the second quarter of 2018, we completed the 1031 exchange of the DreamWorks campus with acquisitions of the McKesson property in Scottsdale, AZ and the Shaw Industries facility in Port Wentworth (Savannah), GA,” said Chairman and CEO of the REIT, Kevin Shields. “We renewed five leases for approximately 1.8 million square feet, of which four leases totaling approximately 382,000 square feet were long-term extensions, and one lease for approximately 1.4 million square feet is a short-term extension. We believe these actions further solidify our existing portfolio of business-essential assets and puts us in a strong position to continue generating income for our shareholders.”
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August 14, 2018
Griffin-American Healthcare REIT IV Reports Second Quarter 2018 Results
“Griffin-American Healthcare REIT IV built on its exceptional first quarter results with an excellent second quarter of 2018, during which we recorded strong performance throughout our portfolio, which continues to grow at a rapid rate,” said Jeff Hanson, chairman and chief executive officer. “Including acquisitions completed subsequent to the close of the quarter, our portfolio has expanded to 50 healthcare properties acquired for an aggregate contract purchase price of $626.3 million, and we have more than $400 million of additional pending acquisitions that we intend to complete in the coming months.”
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August 13, 2018
Griffin Capital Essential Asset REIT Closes $125 Million Perpetual Preferred Private Offering Shares Purchased by Korean Trust
“After several months of relationship building, we could not be more pleased to have completed the first leg of this equity transaction,” said Kevin A. Shields, Chairman and Chief Executive Officer of the REIT. “It was a pleasure to work closely with Hana Financial and the teams at both NH and Shinhan and we hope this is the first in a series of transactions we can accomplish together.”
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August 06, 2018
Griffin-American Healthcare REIT IV Acquires 53-Unit Assisted Living Facility Near St. Louis
The acquisition was completed pursuant to a joint venture with an affiliate of Meridian Senior Living, LLC, which will manage the portfolio on a day-to-day basis. Griffin-American Healthcare REIT IV owns approximately 98 percent of the joint venture and acts as its managing member. The facility was acquired under a RIDEA structure, which allows for the joint venture partners to participate in both the rental and operational cash flow of the property.
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August 06, 2018
Griffin Capital Essential Asset REIT II Reports Increase in NAV
The steady growth in the NAV was largely attributable to the robust fundamentals inherent in the REIT’s underlying real estate portfolio including a weighted average remaining lease duration of approximately 10 years, fortified by cash flow that is over 75 percent attributable to tenants with an investment grade credit rating2 and contractual annual rental rate increases of over 2 percent.
