The board of directors of Griffin Capital Essential Asset REIT, Inc., posted the quarterly update to the REIT’s estimated net asset values per share on...

As previously announced, the Company’s strategic plan centers around owning a portfolio of grocery-anchored properties in strong secondary and tertiary markets with lower exposure to big-box retailers, as well as redevelopment of select centers within the existing portfolio.

The REIT’s Business Manager estimated that its real estate sales values, less transaction costs, payments due to related parties, plus cash and other assets net of liabilities, and less debt, totaled $35.1 million.