Phillips Edison Grocery Center REIT III | REIT Profile

CIK: 1688016
Exchange: N/A
Founded: 1991 (33 years)
HQ: El Segundo, CA, United States
Type of REIT: Equity REIT
Listing Status: Public, Non-Listed
REIT Sector: Retail

See 1688016 on SEC.gov

Phillips Edison Grocery Center REIT III is a real estate investment trust that seeks to invest primarily in grocery-anchored shopping centers, taking full advantage of the stability and demand powered by the supermarket anchor, being necessity-based, and the potential growth opportunity provided by the national, regional and local small shop tenants. We believe this blend of consistency and opportunity is market resilient and will endure recessions and disruptions. Phillips Edison Grocery Center REIT III is operated by Phillips Edison & Company (PECO) and co-sponsored by Griffin Capital Company, LLC (Griffin Capital), a seasoned, veteran group, with decades worth of success. Among the countless benefits of leveraging the resources of Phillips Edison and Griffin Capital, perhaps the most significant is the collective industry experience of the senior management teams. Together the total assets under management for both companies is $16 billion*. Phillips Edison & Company is one of the nation's largest owners and operators of market-leading, grocery-anchored shopping centers. The company manages a diversified portfolio of over 345 shopping centers in 32 states, 236 of which it owns directly. PECO invests in high-quality grocery-anchored shopping centers that are located in strong, growing markets and that present potential upside through operational and capital improvements. PECO's success is built on its deep history of building retail portfolios through multiple cycles and delivering attractive risk-adjusted returns to its investors. PECO is led by a senior management team that consists of commercial real estate veterans with an average of 23 years in the industry and 10 years together at the company. PECO's proven, vertically-integrated operating platform allows it to effectively and efficiently acquire, lease and manage its properties, resulting in a history of strong operating results and great shopping experiences. Griffin Capital is a leading alternative investment asset manager with approximately $10.3 billion* in assets under management as of December 31, 2017. Founded in 1995, the privately-held firm is led by a seasoned team of senior executives with more than two decades of investment and real estate experience and who collectively have executed more than 650 transactions valued at over $22 billion. The firm manages, sponsors or co-sponsors a suite of carefully curated, institutional quality investment solutions distributed by Griffin Capital Securities, LLC to retail investors through a community of partners, including independent and insurance broker-dealers, wirehouses, registered investment advisory firms and the financial advisors who work with these enterprises.