{"id":1004100136,"date":"2014-07-09T06:16:13","date_gmt":"2014-07-09T14:16:13","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004100136"},"modified":"2022-12-08T21:21:02","modified_gmt":"2022-12-09T05:21:02","slug":"griffin-capital-launches-griffin-institutional-access-re-fund","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/griffin-capital-launches-griffin-institutional-access-re-fund\/","title":{"rendered":"Griffin Capital Spins Off Griffin Institutional Access RE Fund"},"content":{"rendered":"

By Gail Kalinoski, Contributing Editor<\/i><\/p>\n

\"Randy_Anderson.\"<\/a>

Randy Anderson<\/p><\/div>\n

Griffin Capital Corp. has launched Griffin Institutional Access Real Estate Fund, which is trading on NASDAQ as GIREX and includes several large private institutional real estate funds in its investment portfolio.<\/p>\n

GIREX, which had an initial share price of $25 when it began trading June 30 on Nasdaq, was trading at $25.02 on Tuesday afternoon.<\/p>\n

\u201cWe are pleased to bring Griffin Institutional Access Real Estate Fund to the market,\u201d Randy Anderson, portfolio manager of the fund & Chief Investment Officer of GIREX and Griffin Capital Advisor, said in a news release.<\/p>\n

\u201cWe believe that the combination of our public and private investments, selected with the assistance of our two industry-leading sub-advisors, is a recipe for success for many investors in today\u2019s market,\u201d added Anderson, who holds a doctorate in finance and is also Griffin Capital\u2019s chief economist.<\/p>\n

Kevin Shields, Griffin Capital\u2019s chairman & CEO, said in the release the fund \u201cis a great complement to our platform.\u201d<\/p>\n

As part of the initial investment allocation of its portfolio managers, the fund invested in several private investment funds including RREEF America II, BlackRock Granite, AEW Core Property Trust, Sentinel Real Estate Fund, Clarion Lion Properties Fund and MEPT Edgemoor.<\/p>\n

The strategy will be to invest in a blend of private institutional real estate investments funds and a diversified set of public market real estate securities. Griffin Capital notes in the release that this \u201ccombination that has proven over long periods of time to provide both current income and capital appreciation, with moderate volatility and low correlation to the broader market.\u201d<\/p>\n

The fund will have two sub-advisors to monitor and help optimize the two investment focuses. Hewitt EnnisKrupp, an Aon company with $4.6 trillion under advisement, will serve as sub-advisor for the private funds allocation. CenterSquare Investment Management, a BNY Mellon company, will serve as sub-advisor for the public securities investments.<\/p>\n

Anderson told Commercial Property Executive <\/i>the reason Griffin started the fund now is that increasingly more individual investors are responsible for their own retirement plans. But most individuals don\u2019t have access to the real estate funds within GIREX on their own, he added.<\/p>\n

\u201cNow they can get into those funds and their investment dollars will be sitting side by side with pension funds, high-net-worth individuals and sovereign funds,\u201d Anderson told CPE.<\/i><\/p>\n

He said GIREX is a \u201cnice broadly diversified portfolio that is professionally managed all the way down through the asset.\u201d<\/p>\n

The funds within the portfolio focus invest in multi-family, office, industrial and retail, according to Anderson.<\/p>\n

\u201cThe other thing that is really important about our fund is that we are going to have an actively managed public market component,\u201d he said. \u201cWe think that not only do we give individuals access to these private funds but the combination should give strong risk adjusted returns.\u201d<\/p>\n

Griffin Capital is a privately-owned real estate company based in Los Angeles. The firm and its affiliates have acquired or constructed ,ore than 30 million square feet of space since 1995, and own, manage, sponsor or co-sponsor a portfolio of about 27 million square feet in 32 states and 1 million square feet in the United Kingdom, representing approximately $5.2 billion in assets as of June 30.<\/p>\n

Griffin Capital, along with American Healthcare Investors, is a co-sponsor of Griffin-American Healthcare REIT I and II, which have jointly acquired more than $2.8 billion in healthcare-related properties since 2009. The company also sponsors Griffin Capital Essential Asset REIT, Inc. a non-traded REIT with a portfolio of 46 office and industrial distribution properties totaling approximately 11 million square feet worth about $2 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"

Griffin Capital Corp. has launched Griffin Institutional Access Real Estate Fund, which is trading on NASDAQ as GIREX and includes several large private institutional real estate funds in its investment portfolio.<\/p>\n","protected":false},"author":1068,"featured_media":1004100139,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1004100136","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest"],"acf":[],"yoast_head":"\nGriffin Capital Spins Off Griffin Institutional Access RE Fund - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/griffin-capital-launches-griffin-institutional-access-re-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Griffin Capital Spins Off Griffin Institutional Access RE Fund\" \/>\n<meta property=\"og:description\" content=\"Griffin Capital Corp. has launched Griffin Institutional Access Real Estate Fund, which is trading on NASDAQ as GIREX and includes several large private institutional real estate funds in its investment portfolio.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/griffin-capital-launches-griffin-institutional-access-re-fund\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-07-09T14:16:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T05:21:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/Randy_Anderson..jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"375\" \/>\n\t<meta property=\"og:image:height\" content=\"336\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gail Kalinoski\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/griffin-capital-launches-griffin-institutional-access-re-fund\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/griffin-capital-launches-griffin-institutional-access-re-fund\/\",\"name\":\"Griffin Capital Spins Off Griffin Institutional Access RE Fund - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/griffin-capital-launches-griffin-institutional-access-re-fund\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/griffin-capital-launches-griffin-institutional-access-re-fund\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/Randy_Anderson..jpg\",\"datePublished\":\"2014-07-09T14:16:13+00:00\",\"dateModified\":\"2022-12-09T05:21:02+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/griffin-capital-launches-griffin-institutional-access-re-fund\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/griffin-capital-launches-griffin-institutional-access-re-fund\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/griffin-capital-launches-griffin-institutional-access-re-fund\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/Randy_Anderson..jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/Randy_Anderson..jpg\",\"width\":375,\"height\":336},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/griffin-capital-launches-griffin-institutional-access-re-fund\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Griffin Capital Spins Off Griffin Institutional Access RE Fund\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57\",\"name\":\"Gail Kalinoski\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86\",\"caption\":\"Gail Kalinoski\"},\"description\":\"Kalinoski has been a contributing writer to Commercial Property Executive and Multi-Housing News since 2010 and previously wrote for three years for Commercial Property News. Gail has been a freelance writer and editor for more than 20 years, contributing to daily websites, magazines, weekly business newspapers, market intelligence newsletters, research reports, monthly B-to-B and consumer magazines. Earlier in her career, Gail worked for Gannett Corp. as an editor and reporter for 15 years. Gail has a bachelor\u2019s degree in journalism from Pace University.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/gail-kalinoski\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Griffin Capital Spins Off Griffin Institutional Access RE Fund - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/griffin-capital-launches-griffin-institutional-access-re-fund\/","og_locale":"en_US","og_type":"article","og_title":"Griffin Capital Spins Off Griffin Institutional Access RE Fund","og_description":"Griffin Capital Corp. has launched Griffin Institutional Access Real Estate Fund, which is trading on NASDAQ as GIREX and includes several large private institutional real estate funds in its investment portfolio.","og_url":"https:\/\/www.commercialsearch.com\/news\/griffin-capital-launches-griffin-institutional-access-re-fund\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2014-07-09T14:16:13+00:00","article_modified_time":"2022-12-09T05:21:02+00:00","og_image":[{"width":375,"height":336,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/Randy_Anderson..jpg","type":"image\/jpeg"}],"author":"Gail Kalinoski","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/griffin-capital-launches-griffin-institutional-access-re-fund\/","url":"https:\/\/www.commercialsearch.com\/news\/griffin-capital-launches-griffin-institutional-access-re-fund\/","name":"Griffin Capital Spins Off Griffin Institutional Access RE Fund - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/griffin-capital-launches-griffin-institutional-access-re-fund\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/griffin-capital-launches-griffin-institutional-access-re-fund\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/Randy_Anderson..jpg","datePublished":"2014-07-09T14:16:13+00:00","dateModified":"2022-12-09T05:21:02+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/griffin-capital-launches-griffin-institutional-access-re-fund\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/griffin-capital-launches-griffin-institutional-access-re-fund\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/griffin-capital-launches-griffin-institutional-access-re-fund\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/Randy_Anderson..jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/Randy_Anderson..jpg","width":375,"height":336},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/griffin-capital-launches-griffin-institutional-access-re-fund\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Griffin Capital Spins Off Griffin Institutional Access RE Fund"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57","name":"Gail Kalinoski","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86","caption":"Gail Kalinoski"},"description":"Kalinoski has been a contributing writer to Commercial Property Executive and Multi-Housing News since 2010 and previously wrote for three years for Commercial Property News. Gail has been a freelance writer and editor for more than 20 years, contributing to daily websites, magazines, weekly business newspapers, market intelligence newsletters, research reports, monthly B-to-B and consumer magazines. Earlier in her career, Gail worked for Gannett Corp. as an editor and reporter for 15 years. Gail has a bachelor\u2019s degree in journalism from Pace University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/gail-kalinoski\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/Randy_Anderson..jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004100136","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1068"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004100136"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004100136\/revisions"}],"predecessor-version":[{"id":1004615859,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004100136\/revisions\/1004615859"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004100139"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004100136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004100136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004100136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}