Griffin Capital Essential Asset REIT II to Close Offering
The board of directors of Griffin Capital Essential Asset REIT II Inc., a publicly registered non-traded real estate investment trust, approved the close of the company’s primary offering effective January 20, 2017.
The REIT will accept subscription agreements only if they are received by the company’s transfer agent on or before the close of business on January 20th. The accounts must be fully funded and in good order no later than the close of business on January 31, 2017 for non-qualified account investments, and March 3, 2017 for qualified account investments. The REIT will continue to sell distribution reinvestment plan shares following the termination of its primary offering.
Griffin Capital Essential Asset REIT II invests in single tenant business essential properties throughout the United States, diversified by corporate credit, physical geography, product type and lease duration. The REIT commenced its $2 billion initial public offering in July 2014 has raised $600 million in investor equity since inception. As of September 14, 2016, the company has acquired 27 office and industrial buildings totaling approximately 4.3 million rentable square feet and asset value of approximately $678.5 million.
