Michael Escalante: “We are excited to keep this momentum going in the years to come.”

LOS ANGELES—Griffin Capital Real Estate Co. acquired $1.7 billion of office and industrial assets last year. The purchases include 37 total properties, including 27 office assets, 9 industrial properties and a data center. This is the largest year that the firm has had since the recovery.

“Our real estate platform has experienced exponential growth over the past three years with 2015 being a monumental year and we are excited to keep this momentum going in the years to come,” Michael Escalante, president of Griffin Capital Real Estate Co., tells GlobeSt.com. “Our acquisition strategy remains focused on buying business essential assets leased to credit worthy tenants providing a high probability of lease renewal at maturity along with steady cash flow resulting in attractive and predictable income through all market cycles for our shareholders.”

Over the past three years, the firm has invested a total of $3.3 billion in 83 assets. The firm continues to focus on a “business essential” strategy, which involves buying business-related or fueled property types with long-term leases in markets throughout the US. In 2015, the firm's acquisitions were diversified across 17 US markets, and the 37 properties have an average lease duration of 9.3 years.