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Griffin Capital Securities Hires Zachary Forman as '40 Act Fund Specialist

IRVINE, Calif., Feb. 4, 2015 (GLOBE NEWSWIRE) -- Griffin Capital Securities, Inc. ("GCS") announced today that Zachary Forman has joined the company as Sr. Vice President, '40 Act Fund Specialist supporting Griffin Institutional Access Real Estate Fund ("GIREX") and Griffin-Benefit Street Partners BDC Corp. ("GB-BDC"). Most recently, Mr. Forman was Head of Capital Markets for RJL Capital Management, where he played an integral role in the build-out of the selling group and equity raise for a closed-end interval fund.

Randy I. Anderson, Portfolio Manager of Griffin Institutional Access Real Estate Fund, said, "We are pleased to welcome Zachary to Griffin Capital. With over 14 years of industry experience and a deep knowledge of '40 Act funds, we could not be happier to have him on board to fill this important new position."

"We are thrilled to have Zachary join the Griffin Capital Securities team during this exciting time in our company's history," remarked Jeffrey S. Schwaber, President of GCS, "His familiarity with both interval funds and BDC's coupled with his knowledge of the independent broker-dealer channel make him the ideal individual to support the growth of our 1940 Act products platform."

About Griffin Institutional Access Real Estate Fund

Griffin Institutional Access Real Estate Fund (Nasdaq:GIREX), a closed-end, interval fund registered under the Investment Company Act of 1940, is an actively-managed portfolio of private real estate funds and public real estate securities offering daily pricing and periodic liquidity at net asset value. GIREX began reporting on NASDAQ on June 30, 2014 with an initial share price of $25.00 and reported a share price of $26.03 as of February 3, 2015. The advisor of GIREX is Griffin Capital Advisor, LLC, a majority owned subsidiary of Griffin Capital Corporation.

About Griffin-Benefit Street Partners BDC

Griffin-Benefit Street Partners BDC ("GB-BDC") is a non-traded business development company that has elected to be regulated under the '40 Act and intends to invest primarily in secured debt (including senior secured, unitranche and second lien debt) and unsecured debt (including senior unsecured and subordinated debt), as well as equity and equity related securities issued by private U.S. companies primarily in the middle market or public U.S. companies with market equity capitalization of less than $250 million. GB-BDC is sponsored by Griffin Capital and its sub-adviser is Benefit Street Partners L.L.C.

About Griffin Capital Securities, Inc.

Griffin Capital Securities, Inc. ("GCS"), member FINRA/SIPC, owned by Griffin Capital Corporation ("GCC"), is focused on offering high quality investment products, and "best-in-class" education, service and support to financial advisors and their clients. GCS currently offers two public, unlisted real estate investment trusts, a '40 Act interval fund, and a non-traded business development company regulated under the '40 Act. GCC is a privately-held, Los Angeles headquartered investment and management company with a 20-year track record sponsoring real estate investment vehicles and managing institutional capital. GCC is led by senior executives, each with more than two decades of real estate and capital markets experience who have collectively closed transactions representing over $20 billion in value. Griffin Capital and affiliates, through the end of 2014, owned, managed, sponsored and/or co-sponsored an institutional-quality portfolio of commercial real estate located in the United States and the United Kingdom, representing approximately $6.7 billion(1) in asset value. Additional information about GCC is available at www.griffincapital.com

Investors should carefully consider the investment objectives, risks, charges and expenses of the Griffin Institutional Access Real Estate Fund (GIREX). This and other important information about the Fund is contained in the prospectus, which can be obtained by contacting your financial advisor or visiting www.griffincapital.com. The prospectus should be read carefully before investing.

Investors in GIREX should understand that the net asset value ("NAV") of GIREX will fluctuate, which may result in a loss of the principal amount invested. GIREX is new with limited operating history. GIREX is a closed-end interval fund that provides liquidity to shareholders quarterly between five percent and 25 percent of its outstanding shares at net asset value. All or a portion of the distribution may be comprised of a return of capital.

Opinions expressed are current opinions as of the date appearing in this material only. No part of this material may, without the prior written consent of Griffin Capital, be (i) copied, photocopied or duplicated in any form, by any means, or (ii) distributed to any person that is not an employee, officer, director, or authorized agent of the recipient.

GIREX is distributed by ALPS Distributors, Inc. ALPS Distributors, Inc. is not affiliated with either Griffin Capital or any of its affiliates.

(1) Includes Griffin-American Healthcare REIT II, Inc. (GAHR II) which merged with NorthStar Realty Finance Corporation in December 2014. Griffin Capital's co-sponsor in GAHR II continues to manage that portfolio.

Investors are advised to carefully consider the investment objectives, risks, and charges and expenses of GB-BDC before investing. The prospectus, which has been filed with the Securities and Exchange Commission, contains this and other information about GB-BDC and should be read carefully before investing.

This press release may contain certain forward-looking statements. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as "may," "will," "expect," "intend," "anticipate," "estimate," "believe," "continue," or other similar words. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from the expectations, intentions, beliefs, plans or predictions of the future expressed or implied by such forward-looking statements. These risks, uncertainties and contingencies include, but are not limited to uncertainties relating to: our future operating results; our business prospects; the impact of the investments that we make; the ability of our portfolio companies to achieve their objectives; our expected financings and investments; the adequacy of our cash resources, financing sources and working capital; the use of borrowed money to finance a portion of our investments; the timing of cash flows, if any, from the operations of our portfolio companies; the timing and amount of distributions and dividends from the companies in which we may invest; our contractual arrangements and relationships with third parties; actual and potential conflicts of interest; our ability to locate suitable investments for us and to monitor and administer our investments; the ability to attract and retain highly talented professionals; the general economy and its impact on the industries in which we invest; our ability to source favorable private investments; the tax status of the companies in which we invest; our tax status; the effect of changes to tax legislation; changes in the economy; risks associated with possible disruption in our operations or the economy generally due to terrorism or natural disasters; future changes in laws or regulations; and other risk factors as outlined in the prospectus, as amended from time to time. This is neither an offer nor a solicitation to purchase securities. A registration statement relating to these securities was filed and has been declared effective by the Securities and Exchange Commission. Copies of the prospectus can be obtained by contacting the dealer manager, Griffin Capital Securities, Inc., at (949) 270-9300.

CONTACT: Jennifer Nahas Vice President, Marketing Griffin Capital Corporation jnahas@griffincapital.com Office Phone: 949-270-9332 Cell Phone: 949-433-6860

Source:Griffin Capital