Griffin Capital Essential Asset REIT Rebrands and Changes Name
Griffin Capital Essential Asset REIT Inc., a publicly registered non-traded real estate investment trust, has rebranded and changed its name.
Griffin Capital Essential Asset REIT Inc., a publicly registered non-traded real estate investment trust, has rebranded and changed its name to Griffin Realty Trust. In connection with the rebranding, the company unveiled a new logo along with the launch of its new website, www.grtreit.com.
“We wanted to create a new brand that embraces our ongoing commitment to serve all stakeholders,” said Michael Escalante, chief executive officer and president. “We believe our new logo and redesigned website better showcase our team’s capabilities [and] highlight our national portfolio of business-essential office and industrial properties…”
Griffin Capital Essential Asset REIT owns and operates a portfolio of corporate office and industrial properties that are primarily net leased to single tenants that the company deems creditworthy.
The REIT’s $5.9 billion portfolio consists of 121 properties (144 buildings) totaling 29.2 million square feet, as of June 30, 2021. The portfolio is 94.8 percent occupied with an average remaining lease term of 6.8 years. Major tenants include Amazon.com, General Electric, and Keurig Dr. Pepper, among others.
