The plan “will maximize value for our stockholders, while also preserving the flexibility to pursue a sale of the company, should a compelling offer that delivers superior value be made,” Chief Executive Officer Michael Happel said in the statement. in New York, after earlier slipping as much as 1.8%, the most since June.The company is down 14% this year, compared with a 10% increase in the Bloomberg REIT Index.Upon liquidation, return of capital may be more or less than the original investment, depending on the value of assets.
Any representation to the contrary is a criminal offense.
Griffin Capital Securities, LLC, Member FINRA/SIPC, is the dealer manager for various investment products sponsored and co-sponsored by Griffin Capital Company, LLC.
A Real Estate Investment Trust - or "REIT" - is a professionally managed company that mainly owns, and in most cases operates, income-producing real estate.
REITs pool the money of numerous investors to purchase a portfolio of properties that the typical investor might not otherwise be able to purchase individually.
Equally important, they may also be a suitable choice for investors seeking: While all REITs invest in real estate, exactly how they invest varies.
Some REITs directly own the real estate in their portfolios, while others hold mortgages on their properties.
These REITs generate revenue through the interest that they are paid on the loans.
Hybrid REITs are a combination of equity and mortgage REITs.
Investors in equity REITs have the potential to earn dividends through rental income from the property and capital gains from any appreciation in the property’s value when it is sold.