Griffin Institutional Access Real Estate Fund Surpasses a Quarter Billion Dollars in Assets Under Management
2015年10月21日 - 12:34AM
Griffin Capital Corporation ("Griffin Capital") on behalf of
Griffin Institutional Access Real Estate Fund
(NASDAQ:GIREX) (NASDAQ:GCREX) (NASDAQ:GRIFX) (the
“Fund”) announced today that the Fund has exceeded a quarter
billion dollars in assets under management.
Dr. Randy I. Anderson, Portfolio Manager of Griffin
Institutional Access Real Estate Fund, said, “The demand for the
Fund continues to exceed our expectations and we are pleased with
the performance to date.”
To learn more about the Fund go to:
http://www.griffincapital.com/griffin-institutional-access-real-estate-fund.
About Griffin Institutional Access Real
Estate Fund and Griffin Capital Corporation
Griffin Institutional Access Real Estate Fund
(the "Fund," tickers: GIREX, GCREX, GRIFX), a closed-end, interval
fund registered under the Investment Company Act of 1940, is an
actively-managed portfolio of private real estate funds and public
real estate securities, diversified by property type and geography,
offering daily pricing and periodic liquidity at net asset value.
GIREX began reporting on NASDAQ on June 30, 2014 with an initial
share price of $25.00 and reported a share price of $26.28 for
Class A, $26.26 for Class C, and $26.30 for Class I as of October
19, 2015. The advisor of the Fund is Griffin Capital Advisor, LLC,
a majority owned subsidiary of Griffin Capital Corporation. Griffin
Capital Corporation is a privately-owned real estate company
headquartered in Los Angeles. Led by senior executives with more
than two decades of real estate experience collectively
encompassing over $21 billion of transaction value and more than
650 transactions, Griffin Capital and its affiliates have acquired
or constructed approximately 43 million square feet of space since
1995. Griffin Capital and its affiliates manage, sponsor and/or
co-sponsor a portfolio consisting of approximately 27 million
square feet of space, located in 29 states and 0.1 million square
feet located in the United Kingdom, representing approximately $4.8
billion in asset value.
Investors should carefully consider the
investment objectives, risks, charges and expenses of the Griffin
Institutional Access Real Estate Fund (the “Fund”). This and other
important information about the Fund is contained in the
prospectus, which can be obtained by contacting your financial
advisor or visiting www.griffincapital.com. The prospectus should
be read carefully before investing.
Griffin Institutional Access Real Estate
Fund Risk Considerations
As of 9/30/15 the Fund’s cumulative since
inception return for Class A shares at net asset value (“NAV”) was
10.21%. The Fund’s inception date was 6/30/2014. The total gross
expense ratio is 6.80% for Class A, 7.55% for Class C, and 6.55%
for Class I. Performance data quoted represents past performance.
Past performance is no guarantee of future results and investment
returns and principal value of the Fund will fluctuate so that
shares, when redeemed, may be worth more or less than their
original cost. Current performance may be lower or higher than
performance data quoted. The maximum sales charge is 5.75% for
Class A shares. Class C shareholders may be subject to a contingent
deferred sales charge equal to 1.00% of the original purchase price
of Class C shares redeemed during the first 365 days after their
purchase. The Fund has contractually agreed to waive its fees to
the extent that they exceed 1.91% for Class A, 2.66% for Class C,
and 1.66% for Class I until June 30, 2016. Without the waiver the
expenses would have been higher. The net asset value fund return
does not reflect the deduction of all fees and if the fund return
reflected the deduction of such fees, the performance would be
lower. Visit www.griffincapital.com for current
performance.
The Fund distribution rate is the amount,
expressed as a percentage, a Fund investor would receive in
distributions if the most recent Fund distribution stayed
consistent going forward. It is calculated by annualizing the most
recent Fund distribution and dividing by the current Fund NAV. The
percentage represents a single distribution from the Fund and does
not represent the total returns of the Fund.
The Fund will not invest in real estate
directly, but, because the Fund will concentrate its investments in
securities of REITs and other real estate industry issuers, its
portfolio will be significantly impacted by the performance of the
real estate market and may experience more volatility and be
exposed to greater risk than a more diversified portfolio. The
value of companies engaged in the real estate industry is affected
by: (i) changes in general economic and market conditions; (ii)
changes in the value of real estate properties; (iii) risks related
to local economic conditions, overbuilding and increased
competition; (iv) increases in property taxes and operating
expenses; (v) changes in zoning laws; (vi) casualty and
condemnation losses; (vii) variations in rental income,
neighborhood values or the appeal of property to tenants; (viii)
the availability of financing and (ix) changes in interest rates
and leverage.
Investors in the Fund should understand that the
NAV of the Fund will fluctuate, which may result in a loss of the
principal amount invested. The Fund provides liquidity to
shareholders quarterly between five percent and 25 percent of its
outstanding shares at net asset value. All or a portion of the
distribution may include a return of capital.
Griffin Institutional Access Real Estate
Fund is distributed by ALPS Distributors, Inc. ALPS Distributors,
Inc. is not affiliated with either Griffin Capital or any of its
affiliates
Jennifer Nahas
Vice President, Marketing
Griffin Capital Corporation
jnahas@griffincapital.com
949-270-9332
Griffin Institutional Access Real Estate Fund Class C Shares (MM) (NASDAQ:GCREX)
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Griffin Institutional Access Real Estate Fund Class C Shares (MM) (NASDAQ:GCREX)
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