New President for Griffin REIT

Griffin Capital Essential Asset REIT Inc., a publicly registered non-traded real estate investment trust, promoted Michael Escalante to serve as the company’s president.

Prior to his promotion, Escalante served as the company’s vice president and chief investment officer, and will retain his position as chief investment officer in addition to his new role. He also serves as president of Griffin Capital Essential Asset REIT II Inc. and chief investment officer of the company’s adviser.

In connection with Escalante’s appointment, the company’s board tapped David Rupert, its former president, to serve as its executive vice president.

The DI Wire recently reported on the merger of GCEAR and Signature Office REIT, which you can read about here.