Griffin Spends Nearly $2B in 2015

LOS ANGELES—Griffin Capital Real Estate Co. acquired $1.7 billion of office and industrial assets last year. The purchases include 37 total properties, including 27 office assets, 9 industrial properties and a data center. This is the largest year that the firm has had since the recovery.

“Our real estate platform has experienced exponential growth over the past three years with 2015 being a monumental year and we are excited to keep this momentum going in the years to come,” Michael Escalante, president of Griffin Capital Real Estate Co., tells GlobeSt.com. “Our acquisition strategy remains focused on buying business essential assets leased to credit worthy tenants providing a high probability of lease renewal at maturity along with steady cash flow resulting in attractive and predictable income through all market cycles for our shareholders.”