Griffin Institutional Access Real Estate Fund Surpasses $500 Million in AUM
2016年2月17日 - 10:00PM
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 $500 million in assets under management.
“We have been extremely pleased with the support
that we have received from our investors as well as our
distribution partners and will continue to strive to deliver strong
risk-adjusted returns,” commented Randy I. Anderson, Ph.D., CRE,
Portfolio Manager, Griffin Institutional Access Real Estate
Fund.
To learn more about the Fund, go
to: 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") (NASDAQ:GIREX) (NASDAQ:GCREX)
(NASDAQ: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 $26.25 for Class A, $26.16 for Class C,
and $26.29 for Class I as of February 16, 2016. The advisor of the
Fund is Griffin Capital Advisor, LLC, a majority owned subsidiary
of Griffin Capital Corporation. Griffin Capital Corporation
("Griffin Capital"), is a privately-held, Los Angeles headquartered
investment and asset management company with a 21-year track record
sponsoring real estate investment vehicles and managing
institutional capital. Led by senior executives with more than two
decades of real estate experience who have collectively closed
transactions representing over $22.0 billion in value, Griffin
Capital and its affiliates have acquired or constructed
approximately 53.5 million square feet of space since 1995. Griffin
Capital and its affiliates own, manage, sponsor and/or co-sponsor a
portfolio consisting of approximately 36.6* million square feet of
space, located in 29 states, and 0.1 million square feet in the
United Kingdom, representing approximately $6.3* billion in asset
value, based on purchase price. Additional information about
Griffin Capital is available at www.griffincapital.com.
*Includes the property information related to a joint venture
with affiliates of Digital Realty Trust, L.P. and a joint venture
in which Griffin-American Healthcare REIT III holds a majority
interest.
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 12/31/15 the Fund's annualized
return since inception for Class A shares at net asset value
("NAV") was 8.33%. The Fund's inception date was 6/30/2014.
The total gross expense ratio is 2.79% for Class A, 3.29% for Class
C, 2.17% 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 January 31, 2017. 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 will not invest in real estate directly, but, because
the Fund will concentrate its investments in securities of REITs
(real estate investment trusts) 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 5% and 25% of its outstanding shares at net asset
value.
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)
過去 株価チャート
から 9 2023 まで 9 2024