Griffin Capital Essential Asset REIT II Amends Share Redemption Program
April 3, 2018 | Beth Glavosek | Blue Vault
In an 8K filing on April 2, Griffin Capital Essential Asset REIT II announced changes to its IPO Share Redemption Program (SRP) to allow stockholders to redeem their shares at 100% of net asset value of the applicable share class one year from purchase date.
A previous prospectus dated March 19, 2018, stated that the REIT’s IPO SRP would allow redemption of shares after one year, but that the redemption price would be at 90% of the redemption amount. The amendment to the IPO SRP applies to Class A, Class AA, and Class AAA shares, and will take effect on May 2, 2018.
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