Griffin Capital Co. announced that Griffin Institutional Access Real Estate Fund generated its second-highest quarterly return since inception.
“We were able to generate this attractive performance despite the backdrop of rising rates, which has proven to be a headwind for other income-producing asset classes, such as traditional fixed income,” said Dr. Randy Anderson, CEO of Griffin Capital Asset Management Co.
Griffin Institutional Access Real Estate Fund’s Class I shares (NASDAQ: GRIFX) generated a positive return of 3.51 percent during the first quarter of 2021; this outsized performance capped a trailing one-year period during which the Fund’s Class I shares generated a 6.48 percent total return. Since inception, Griffin Institutional Access Real Estate Fund has generated positive returns in 25 of 27 quarters, with annualized volatility (standard deviation) of 3.09 percent, which approximates the Bloomberg Barclays U.S. Aggregate Bond Index (3.17 percent)
