2018
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April 12, 2018
Griffin Capital Essential Asset REIT Completes Acquisition of McKesson Scottsdale Campus
The Property was owned and developed by Ryan Companies US, Inc. as a build-to-suit for McKesson Corporation, which leased the Property for an initial term of approximately 10 years, expiring on February 28, 2028. The seller was represented by Chris Toci, Chad Littell, Greg Mayer and Jim Wilson of Cushman & Wakefield.
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April 10, 2018
Griffin Capital Company Celebrates First Anniversary for Griffin Institutional Access® Credit Fund
Griffin Capital Asset Management Company, LLC President Randy Anderson said, “We are very proud of Griffin Institutional Access Credit Fund's performance over the past year and of our ability to provide “Main Street” investors the potential to capitalize on opportunities for income generation and capital appreciation that have previously been available only to large institutions.”
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April 09, 2018
Griffin-American Healthcare REIT IV Announces Estimated Per Share Net Asset Value of $9.65
We are very pleased with this initial valuation of our portfolio, which is based on aggregate portfolio growth of approximately 11.3 percent in the value of our properties compared to the aggregate contract purchase price,” said Jeff Hanson, chairman and CEO of Griffin-American Healthcare REIT IV. “We acquired our first property less than two years ago, and have since built a portfolio of healthcare real estate which is performing very well, as our financial reports and this valuation demonstrate.
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March 23, 2018
Griffin Institutional Access Real Estate Fund Announces First Quarter Distribution
Griffin Capital Company, LLC announced today on behalf of Griffin Institutional Access Real Estate Fund (NASDAQ: GIREX, GCREX, GRIFX, GLREX, GMREX) the first quarter distribution of $0.349 for Class A, $0.343 for Class C, $0.351 for Class I, $0.349 for Class L, and $0.347 for Class M, or a 5.22% annualized distribution rate. The distribution will be payable on March 29, 2018 to shareholders of record as of March 22, 2018, with an ex-dividend date of March 23, 2018.
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March 20, 2018
Griffin Capital Essential Asset REIT Completes Acquisition of Quaker Sales and Distribution Facility
Griffin Capital Company, LLC (“Griffin Capital”) announced today on behalf of Griffin Capital Essential Asset REIT, Inc. (the “REIT”), the acquisition of the Quaker Sales and Distribution facility (the “Property”) at a purchase price of $59.60 million.
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March 20, 2018
Griffin Capital Essential Asset REIT II Reports 2017 Results
“Our 2017 results only further validate our consistent approach of combining selective acquisition activities with disciplined portfolio management,” said Michael Escalante, the REIT’s President. “As we begin 2018, we continue to focus on acquiring top quality commercial real estate assets with established corporate tenants and average remaining lease terms that exceed ten years in length. With this overall approach, we look forward to further serving our shareholders through current income and long-term capital appreciation events.”
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March 20, 2018
Griffin Capital Essential Asset REIT Reports 2017 Results
“We are proud of our 2017 results,” said Kevin Shields, Chairman and CEO of the REIT. “As we remain focused on our goals of delivering stable income and long-term capital appreciation through focused acquisitions and dispositions, along with our disciplined management of top properties in fast-growing metropolitan markets, we believe the REIT remains positively positioned for the future.”
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March 19, 2018
Griffin-American Healthcare REIT III Reports Fourth Quarter and Year-End 2017 Results
“Griffin-American Healthcare REIT III acquired its first real estate asset in June 2014 and in just three-and-a-half years, we have built an international portfolio of premium healthcare real estate valued at approximately $3 billion,” said Jeff Hanson, chairman and chief executive officer. “We are very pleased with the progress we have made on behalf of our fellow stockholders in such a short period of time, and remain optimistic about our company’s long-term prospects.”
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March 12, 2018
Griffin-American Healthcare REIT IV Reports Fourth Quarter and Year-End 2017 Results
“Griffin-American Healthcare REIT IV expanded significantly during 2017, acquiring more than $327 million of quality healthcare real estate on behalf of our fellow investors,” said Jeff Hanson, chairman and chief executive officer. “We have now acquired a portfolio approaching half a billion dollars in value.”
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March 07, 2018
Griffin-American Healthcare REIT IV Acquires Two-Property Central Wisconsin Senior Care Portfolio for $22.6 Million
Central Wisconsin Senior Care Portfolio totals approximately 236,000 square feet of skilled nursing, assisted living and independent living space. All assisted and independent living beds in the portfolio are currently 100 percent private pay, while the skilled nursing beds enjoy an attractive revenue quality mix (total number of Medicare, managed Medicare and private pay days divided by total number of actual patient days) of 67 percent as of November 2017.
