Griffin Capital Raised and Issued $1.6 Billion in Investor Capital in 2018

2018 Marked Several Significant Achievements for Griffin Capital
Across its Multiple Retail Investment Strategies

EL SEGUNDO, Calif.–(BUSINESS WIRE)–Griffin Capital Company, LLC (“Griffin Capital”), a leading private
investment firm and one of the nation’s premier alternative investment
advisors, today announced the achievement of several significant
milestones in 2018. The company raised and issued $1.6 billion* of
investor capital in 2018, an increase of 10 percent over 2017. The
company has raised $11.6 billion in investor equity capital inflows to
its investment programs and funds since January 2012.


The company’s Institutional Access® interval funds made up the majority
of the investor inflows for the year at $1.1 billion, of which $1.0
billion was raised for the Griffin Institutional Access Real Estate
Fund. Griffin Institutional Access Real Estate fund also grew its assets
under management to $2.8 billion as of December 31, 2018.

“We are extremely proud to have brought to market timely investment
opportunities exhibiting strong performance, which resonates with
investors,” said Mark Goldberg, CEO of Griffin Capital Securities. “As a
firm, we are keenly focused on delivering investors superior
risk-adjusted returns with less correlation and lower volatility
relative to the traded markets.”

The company also announced in previous releases two significant
milestones about its flagship REIT, Griffin Capital Essential Asset®
REIT (“GCEAR”).

In December 2018, GCEAR and Griffin Capital Essential Asset REIT II,
Inc. (“GCEAR II”) entered into a definitive agreement to merge in an
all-stock transaction, creating a $4.75 billion, self-managed REIT,
which generates significant benefits for shareholders, including
substantial cost savings, increased operating efficiencies, and
immediate accretion to earnings and cash flow. The merger will combine
two highly complementary portfolios with similar construction and
investment mandates, significantly increasing the size, scale, and
diversification of the combined company.

In August 2018, GCEAR announced the execution of a $250 million purchase
agreement for Perpetual Preferred Shares. The first tranche of the
Series A Preferred Shares were purchased in their entirety by SHBNPP
Global Professional Investment Type Private Real Estate Trust No. 13
(H), a trust sponsored by Hana Financial Investment, the sole
bookrunner. The lead investor in the trust is NH Investment & Securities
and Shinhan BNP Paribas Asset Management is the trust asset manager. “To
issue a perpetual preferred share offering acquired in its entirety by
Korean investors is groundbreaking and followed over two years of
relationship building,” commented Kevin A. Shields, Chairman and CEO of
Griffin Capital Company.

Mr. Shields, reflecting on 2018, added, “I could not be more pleased
with our achievements in 2018. We have been guided by the same
investment philosophy for more than 20 years: delivering significant
value to our clients by maintaining a consistent focus on capital
preservation and durable income through all market environments. We at
Griffin Capital are excited about our prospects in 2019, and will
maintain our steadfast commitment to innovation, discipline, foresight,
and teamwork that brought us here today. We will continue to
passionately pursue positive results for investors with the capital they
entrust with us.”

About Griffin Capital Company, LLC

Griffin Capital Company, LLC (“Griffin Capital”) is a leading
alternative investment asset manager. Founded in 1995, Griffin Capital
has owned, managed, sponsored or co-sponsored approximately $16.8
billion in assets. The privately held firm is led by a seasoned team of
senior executives with more than two decades of investment and real
estate experience and who collectively have executed more than 650
transactions valued at over $22 billion.

Griffin Capital’s alternative investment solutions include three groups
of complementary products: non-listed real estate investment trusts
(REITs), interval funds in the company’s Institutional Access fund
family and Delaware Statutory Trusts (DSTs). The firm’s investment
strategies include diversified core real estate and global corporate
credit securities, as well as direct real estate ownership in
sector-specific portfolios focused on net leased essential office and
industrial assets, clinical healthcare properties, grocery-anchored
shopping centers and multifamily real estate assets. These solutions
include: Griffin American Healthcare REIT IV, Griffin Capital Essential
Asset REIT II, Griffin Institutional Access Credit Fund, Griffin
Institutional Access Real Estate Fund, Griffin Institutional Property
Exchange DSTs and Phillips Edison Grocery Center REIT III. Griffin
Capital Securities, LLC, Member FINRA/SIPC, is the dealer manager for
non-traded programs sponsored by Griffin Capital Company, LLC and the
exclusive wholesale marketing agent for the Company’s interval funds.

Additional information is available at www.griffincapital.com.

*Includes equity from Distribution Reinvestment Plan (DRP)

Contacts

Media

Diana Keary
Senior Vice President
Griffin Capital Company
Dkeary@griffincapital.com
949-270-9303

Or

Ben Rosner
Associate Director
Finsbury
Ben.Rosner@Finsbury.com
646-805-2085