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Griffin Capital Essential Asset REIT II Increases Distribution Rate

Griffin Capital Essential Asset REIT II Inc., a publicly registered non-traded real estate investment trust sponsored by Griffin Capital Corp., distributed a letter to its stockholders regarding an increase to the current annualized distribution rate from 5.5 percent to 6.0 percent through a declaration of a stock distribution in the amount of 0.00013699 shares of common stock per day per share (equivalent to an annual distribution rate of 0.5 percent based on the company’s current public offering price of $10.00 per share of common stock) to stockholders of record at the close of business on each day during the period from July 27, 2015 through September 30, 2015.

The letter noted that the additional stock distribution applies to stockholders of record as of July 27, 2015 through September 30, 2015 (the remainder of the third quarter of 2015), accrues daily and is paid monthly along with their regular distribution schedule. The distribution will be paid to all stockholders of record, regardless of whether they currently receive distributions in cash or participate in the distribution reinvestment plan.

The first stock distribution payment on August 3, 2015 includes a per diem stock distribution for the period of July 27th (the effective date of the stock dividend declaration) through July 31st.

Griffin Capital Essential Asset REIT II, Inc. is a publicly registered non-traded REIT with a portfolio that currently includes 16 office and industrial buildings totaling approximately 2.6 million rentable square feet and asset value of approximately $404 million. The portfolio’s tenant base includes: Aetna Life Insurance Company, American Express Travel Related Services Company, Inc., FedEx Freight, Inc., MGM Resorts International, Owens Corning Sales, LLC, and Wyndham Worldwide Operations, among others.