REIT Griffin Gets $150M To Fund Acquisition Efforts

Law360, New York (December 13, 2011, 7:26 PM EST) -- Griffin Capital Corp. has landed up to $150 million in financing for ongoing acquisitions of office, industrial and warehouse properties, the real estate investment firm announced Tuesday.

The Los Angeles-based company said it had received a $70 million senior secured revolving credit facility for Griffin Capital Net Lease REIT from KeyBank NA and Bank of America NA. The REIT has the option to increase the limit to $150 million by adding other banks to the lending group as the trust accumulates assets.

The interest rate for...
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