Griffin Capital Essential Asset REIT II, Inc.
GCEA
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- Griffin Capital Essential Asset REIT II, Inc. (ticker: GCEA) is a self-managed, publicly registered non-traded real estate investment trust (REIT) that acquires and operates a diversified portfolio of single-tenant net lease properties, primarily business-essential office and industrial facilities leased to corporate tenants on a long-term basis; the portfolio features diversification by corporate credit quality, geography, property type, and lease term. Headquartered in El Segundo, California, at Griffin Capital Plaza, 1520 E. Grand Ave., the company was formed in 2013 as a Maryland corporation intending to qualify as a REIT for federal income tax purposes. Its properties span multiple states across the United States, including high-profile assets such as corporate headquarters facilities and Class A office buildings, with historical holdings encompassing over 100 properties totaling approximately 27 million rentable square feet as of 2019. The REIT targets institutional-quality, single-occupancy net lease investments that generate stable cash flows through triple-net leases with built-in escalations, serving a range of investment-grade and creditworthy tenants in essential business operations. Key portfolio examples include the $81.4 million Wyndham Worldwide corporate headquarters in Parsippany, New Jersey (acquired in 2015 with a long-term lease) and fully occupied Class A office properties such as those in Carmel, Indiana; the assets emphasize strategic locations in major metropolitan areas and provide risk-adjusted returns through diversification across 25 states. In a landmark strategic development completed on May 1, 2019, Griffin Capital Essential Asset REIT II merged with Griffin Capital Essential Asset REIT in an all-stock transaction, creating a $4.7 billion self-managed REIT with enhanced scale, operating efficiencies, cost savings, and immediate accretion to earnings and cash flow for shareholders. This merger combined complementary portfolios of 101 properties (27.2 million square feet), solidifying GCEAR II as the surviving entity with a focus on intelligent portfolio growth. No major acquisitions, funding rounds, partnerships, or operational shifts have been publicly reported for GCEAR II in 2024 or 2025, though shares continue to trade with recent NAV reporting and market activity.