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A Griffin Capital EssentialAsset REIT holding

Griffin Capital Co. is merging two of its investment trusts tocreate a $4.75 billion self-managed REIT in an all stocktransaction.

The two companies are Griffin Capital Essential Asset REIT(GCEAR), which has just become self-administered, and GriffinCapital Essential Asset REIT II (GCEAR II), with GCEAR being mergedinto GCEAR II. Shortly following the closing of the merger, GCEARII will conduct a tender offer for all shareholders of at least$100 million.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.