Griffin Realty Trust | Securities Fraud Lawyers. 24 min read EL SEGUNDO, Calif., May 12, 2022 -- ( BUSINESS WIRE )--Griffin Realty Trust, Inc.. 2023 Griffin Capital Company, LLC. , Inc. is the distributor of the Griffin Institutional Access Credit Fund and the Griffin Institutional Access Real Estate Fund. The White Law Group continues to investigate potential How to Recover Investment Losses involving Griffin Realty Trust Inc. If you disable this cookie, we will not be able to save your preferences. It has also suspended its distribution reinvestment plan (DRP), and the current monthly distribution for September 2021 is expected to be paid on or about October 11. If you have an ad-blocker enabled you may be blocked from proceeding. The undersigned acknowledges that the per share redemption amount may be less than the amount paid for such shares in accordance with the pricing procedures of the Share Redemption Program. 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 . Furthermore, the Company disclaims any obligation to publicly update or revise any forward- looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. 6:26 pm Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. For more information on the firm, visit www.WhiteSecuritiesLaw.com. 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. 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. The offer expires on October 10, 2022. CMFT is a non-traded real estate investment trust ("REIT") managed by affiliates of CIM Group, LLC . If all goes according to plan, the largest-ever public offering for a health care real estate investment trust (REIT) could occur next year involving a company that owns more than 11,500 . He was very patient, and I never felt rushed. Many investors may not have been apprised of the risks involved and were the victims of misrepresentations and omissions by their brokers. This website uses cookies so that we can provide you with the best user experience possible. Blog, Current Investigations. This means that this investment is not suitable for anyone who cannot handle or does not want a long-term investing strategy. 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. Noncontrolling interests subject to redemption; 556,099 units as of . "Risk Factors" of the Companys Quarterly Reports on Form 10-Q filed with the U.S. Securities and Exchange Commission. Popular Channels. This is the second unsolicited tender offer for shares of Griffin Realty Trust in recent days, following CMG Partners offer to purchase up to 500,000 Class E shares for $3.76 each. The buyer is a consortium led by Thomas A. Rizk and Roger W. Thomas, founders of Workspace Property Trust. All Rights Reserved. Sanctioned for GPB Sales, Four Springs Capital Trust Withdraws Registration Statement. Through every step of the litigation he explained what to expect to happen. Contact us now for a free consultation! 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/. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. 2023 Griffin Realty Trust. The company notes that it plans to sell off the remaining office assetswhich would result in liquidation and cessation of the companys operations, with the spin-off entity surviving as a publicly-traded REIT. 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. 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. Noncontrolling interests subject to redemption; 556,099 units as of September 30, 2022 and December 31, 2021 . The definitive proxy statement and any other documents filed by GRT with the SEC may be obtained free of charge at the SECs website at www.sec.gov or at the "Investors" section of our website at www.grtreit.com or by writing to Griffin Realty Trust, Inc., Attention: Secretary, 1520 E. Grand Avenue, El Segundo, California 90245. Lack of liquidity is often problematic for many investors. On October 1, 2021, Griffin Realty Trust, Inc. reported it is suspending its share redemption program . 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Griffin Realty Trust, Inc. - America's Blue-Chip LandlordTM - is an internally managed, publicly-registered, non-traded REIT. 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. This website uses cookies so that we can provide you with the best user experience possible. The company noted that office properties continue to be negatively impacted by pandemic-related work-from-home trends.. Griffin Realty Trust, Inc. is an internally managed, publicly-registered, non-traded REIT. Do not miss the opportunity to let SSEK represent you. Unsolicited Tender Offers Updated on September 7, 2022, 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 $. However, at this time, the number of votes cast in favor of the conversion proposal is not sufficient to approve the conversion. 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. Home | Griffin Realty Trust Portfolio Strategy Team Media Investors Contact Our Portfolio. We pride ourselves on providing quality legal services to our clients and handle securities fraud cases throughout the country. Username. In filings with the Securities and Exchange Commission (SEC), Griffin Realty Trust said it was suspending publishing its NAV per share of common stock every quarter because of strategic initiatives.. Please. 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 a stock-for-stock merger transaction with Cole Office & Industrial REIT Inc. 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. estate investment company focused on bespoke investment This means that every time you visit this website you will need to enable or disable cookies again. *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. %PDF-1.7 % 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"). There is no guarantee all of our properties will be leased to blue chip tenants or companies with investment grade credit ratings. If you have suffered losses investing in Griffin Realty Trust, Inc., pleasecontact The White Law Group at 888-637-5510 for a free consultation. Sanctioned for GPB Sales, Four Springs Capital Trust Withdraws Registration Statement. This means that every time you visit this website you will need to enable or disable cookies again. The offer expires on October 10, 2022. To achieve this mission, we leverage the skills and expertise of our employees, who have experience across a range of disciplines including acquisitions, dispositions, asset management, property management, development, finance, law and accounting. Written by WP Help September 2, 2022 These include industrial properties and corporate offices that the company considers credit-worthy. August 8, 2022 Griffin Realty Trust Inc., a publicly registered non-traded real estate investment trust formerly known as Griffin Capital Essential Asset REIT, has reported its "strategic monetization process" that includes spinning off a new public company and liquidating the remaining assets. 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 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. EL SEGUNDO, Calif.-- ( BUSINESS WIRE )--Griffin Capital Essential Asset REIT, Inc. (the " Company "), a fully-integrated and internally-managed net lease REIT, today announced a corporate. It has also suspended its distribution reinvestment plan (. Call us at (800) 259-9010 today. All product and company names, logos and slogans are the trademarks or service marks of their respective owners. Highlights for the Quarter Ended. Firms that fail to do so, may be held responsible for any losses. Please click on the highlighted terms to review these. Proxies previously submitted will be voted at the postponed Annual Meeting unless properly revoked, and stockholders who have already submitted a proxy or otherwise voted do not need to take any action at this time. Financial Advisors: Contact the GRT Advisor Services Team advisorservices@grtreit.com. From our first meeting, I felt "heard" and that my situation and story were respected. 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. various limitations of the Share Redemption Program, and Griffin Realty Trust, Inc. may need to honor redemption requests on a pro rata basis. Griffin Capital Company 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. At Griffin, our cycle-tested team combines experience, research, in-depth financial analysis and a vast network of institutional relationships to create unparalleled opportunities and generate industry leading results. October 1, 2021, Griffin Realty Trust announced it was suspending its share redemption program starting its next cycle during the fourth quarter of the year. The non-traded REIT also said it was suspending its distribution reinvestment plan. The REITs portfolio currently includes 80 wholly owned office and industrial properties (91 buildings), totaling 21.6 million in rentable square feet, located in 24 states, as well as an equity interest in a joint venture that owns 41 office properties. Griffin Realty Trust makes no recommendation on whether shareholders should accept or decline the CMG offer, according to a letter to shareholders filed with the SEC on Friday. 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 . If you disable this cookie, we will not be able to save your preferences. Please do not include any confidential or sensitive information in a contact form, text message, or voicemail. 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. Said it was suspending its share redemption program 2021, Griffin Realty Trust Portfolio strategy Media..., Four Springs Capital Trust Withdraws Registration Statement the GRT Advisor services Team advisorservices @.!, we will not be able to save your preferences to investigate How... 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