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Office-Focused REIT Declares Q1 Distribution

Public, non-traded real estate investment trust Signature Office REIT (Signature) recently declared a distribution of $.375 per share.  Based on a share purchase price of $25, the distribution amount equates to an annualized yield of 6 percent. 

Shareholders of record on March 13 will be paid on or about March 17, 2015. 

Self-managed Signature, formerly known as Wells Core Office Income REIT, focuses on core office real estate and currently has a portfolio of 15 office buildings across 8 states. 

Announced in November 2014, Signature’s Board of Directors agreed to merge with Griffin Capital Essential Asset REIT creating a $3 billion office and industrial REIT.  The transaction is expected to close sometime during the first half of 2015.