EL SEGUNDO, Calif.–(BUSINESS WIRE)–Griffin Capital Firm, LLC (“Griffin Capital”) introduced at present that Griffin Institutional Entry Actual Property Fund (the “Fund”) surpassed $four billion in belongings beneath administration.
“We drastically respect the help of our shareholders and we’ll stay true to the Fund’s said goal of delivering returns comprised of present earnings and capital appreciation with average volatility and low correlation to the broader markets,” mentioned Dr. Randy Anderson, President of Griffin Capital Asset Administration Firm and Founding Accomplice of Griffin Institutional Entry Actual Property Fund. “Market contributors proceed to wrestle with rising ranges of volatility inside conventional asset courses as a consequence of commerce wars, Fed insurance policies and geo-political uncertainty. We consider that our different methods, mixed with our means to actively handle threat as market circumstances change, has been a stable contributor to our efficiency to this point.”
Griffin Institutional Entry Actual Property Fund Particular Outcomes (Class I Shares as of November 30, 2019)1
- 7.78 % complete return year-to-date
- 46.80 % cumulative complete return and seven.35 % annualized complete return, since inception
- 11 out of 11 optimistic months in 2019
- 21 out of 21 optimistic quarters inception to this point
1. Previous efficiency is just not a assure of future outcomes. Information supply: Morningstar Direct. The Fund’s inception date was 6/30/14. The funding return and principal worth of an funding will fluctuate in order that an investor’s shares, when redeemed, could also be value kind of than the unique value. Present efficiency could also be decrease or increased than the efficiency quoted. The newest efficiency is accessible at www.griffincapital.com.
About Griffin Institutional Entry Actual Property Fund
Griffin Institutional Entry Actual Property Fund (the “Actual Property Fund,” tickers: GIREX, GCREX, GRIFX, GLREX, GMREX), a closed-end, interval fund registered beneath the Funding Firm Act of 1940, is an actively managed portfolio of personal actual property funds and public actual property securities, diversified by property sort and geography, providing every day pricing and periodic liquidity at web asset worth. The Actual Property Fund will make quarterly provides to repurchase between 5 % and 25 % of its excellent shares at web asset worth. The Actual Property Fund started reporting on NASDAQ on June 30, 2014 with an preliminary share worth of $25.00 and reported a share worth of $27.55 for Class A, $26.69 for Class C, $27.86 for Class I, $27.41 for Class L, and $27.15 for Class M as of December 9, 2019. The adviser of the Actual Property Fund is Griffin Capital Advisor, LLC, a majority owned subsidiary of Griffin Capital Firm, LLC.
About Griffin Capital Firm, LLC
Based in 1995, Griffin Capital is another funding asset supervisor headquartered in El Segundo, California with places of work in Irvine, California, Phoenix, Arizona, and Greenwich, Connecticut. The privately held agency is led by a seasoned workforce of senior executives every with greater than 20 years of funding and actual property expertise and who collectively have executed in extra of $21 billion in transactions.
Griffin Capital’s different funding options embrace three teams of complementary merchandise: actively managed interval funds within the firm’s Institutional Entry® fund household, non-listed actual property funding trusts (REITs) and tax-advantaged non-public actual property methods. The agency’s funding methods embrace diversified core actual property and world company credit score securities, in addition to direct actual property possession in sector-specific portfolios centered on web leased important workplace and industrial belongings, scientific healthcare properties, and multifamily actual property.
These options embrace: Griffin Institutional Entry® Credit score Fund, Griffin Institutional Entry® Actual Property Fund, Griffin Capital Important Asset® REIT that includes NextNAV™, Griffin Institutional Property Trade DSTs, and a Certified Alternative Zone fund. Griffin Capital Securities, LLC, Member FINRA/SIPC, is the supplier supervisor, grasp placement agent and/or unique wholesale advertising and marketing agent for its REITs, Interval Funds and personal choices sponsored and/or co-sponsored by Griffin Capital Firm, LLC. Further info is accessible at: www.griffincapital.com.
That is neither a suggestion to promote nor a solicitation to buy any safety. Buyers ought to fastidiously think about the funding targets, dangers, costs and bills of Griffin Institutional Entry Actual Property Fund (the “Fund”). This and different essential details about the Fund is contained within the prospectus, which may be obtained by visiting www.griffincapital.com. Please learn the prospectus fastidiously earlier than investing.
The Fund’s inception date is 6/30/14. As of 11/30/2019, the Fund’s Class I share (NASDAQ: GRIFX) had a one-year return of 6.74% and a professional forma return of seven.35% (annualized) since Fund inception. The inception date for Class I shares is eight/10/15. For the interval of 6/30/14 by means of eight/10/15, efficiency info of the Fund’s Class A shares has been adjusted to replicate the bills relevant to the Class I shares because the Class I shares have a decrease expense ratio than the expense ratio of the Class A shares. The efficiency of the Class A shares has been adjusted to take away shareholder servicing bills and any voluntary waiver or reimbursement of Fund bills by the funding adviser to the Fund that will have occurred during times previous to the graduation of operations of the Class I shares. Since each the Class A shares and Class I shares are invested in the identical portfolio of securities, the Fund’s Class I shares would have returns just like these of the Class A shares. Precise efficiency for Class I shares is proven from eight/11/15 to the dates listed above.
Efficiency displays the reinvestment of dividends and distributions. Attributable to monetary assertion changes, returns might differ. Efficiency information quoted represents previous efficiency. Previous efficiency is not any assure of future outcomes and funding returns and principal worth of the Fund will fluctuate in order that shares, when redeemed, could also be value kind of than their authentic value. Present efficiency could also be decrease or increased than efficiency information quoted. Go to www.griffincapital.com for present efficiency. As per the Fund’s prospectus dated September 30, 2019, the entire expense ratio after payment waiver, reimbursement and recoupment is 1.97% for Class A. Per the Fund’s prospectus dated September 30, 2019, the entire expense ratio is 1.72% for Class I. The Adviser and Fund have entered into an expense limitation settlement beneath which the Adviser has contractually agreed to waive its charges and to pay or take up the peculiar annual working bills of the Fund (together with providing bills, however excluding taxes, curiosity, brokerage commissions, acquired fund charges and bills and extraordinary bills) to the extent that they exceed 1.91% for Class A and 1.66% for Class I till February 1, 2020. The Fund’s return doesn’t replicate the deduction of all charges and if the Fund return mirrored the deduction of such charges, the efficiency could be decrease. The utmost gross sales cost is 5.75% for Class A shares.
The Fund is a closed-end interval fund, the shares haven’t any historical past of public buying and selling, neither is it supposed that the shares will probably be listed on a public alternate right now. No secondary market is anticipated to develop for the Fund’s shares. Restricted liquidity is offered to shareholders solely by means of the Fund’s quarterly repurchase provides for a minimum of 5% and not more than 25% of the Fund’s shares excellent at web asset worth. There isn’t any assure that an investor will be capable to promote all of the shares that the investor wishes to promote within the repurchase provide. The funding return and principal worth of an funding will fluctuate in order that an investor’s shares, when redeemed, could also be value kind of than the unique value. Attributable to these restrictions, an investor ought to think about an funding within the Fund to be of restricted liquidity. The Fund is appropriate just for buyers who can bear the dangers related to the restricted liquidity of the Fund and ought to be seen as a long-term funding. Investing within the Fund is speculative and includes a excessive diploma of threat, together with the dangers related to leverage and the danger of a considerable lack of funding. There isn’t any assure that the funding methods will work beneath all market circumstances.
This materials has been distributed for informational functions solely. The views and knowledge mentioned are as of the date of publication, are topic to vary with out notification of any type, and should not replicate the author’s present views. The subject material contained herein has been derived from a number of sources believed to be dependable and correct, however not assured, on the time of compilation. Griffin Capital Firm, LLC and its subsidiaries don’t settle for any legal responsibility for losses both direct or consequential induced by means of this info. Annualized Return is calculated by annualizing cumulative return (i.e., adjusting it for a interval of 1 12 months). Annualized return consists of capital appreciation and assumes a reinvestment of dividends and distributions.