Item 7.01. Regulation FD Disclosure
On January 21, 2020, Griffin Industrial Realty, Inc. ("Griffin" or "Registrant")
issued a press release announcing that it recently entered into two separate
purchase and sale agreements with different sellers to acquire
industrial/warehouse buildings of approximately 108,000 square feet and
approximately 68,000 square feet, respectively, in Orlando, Florida. The larger
of the two buildings is fully leased, whereas the smaller building is mostly
vacant. Griffin recently entered the Orlando market when it acquired a fully
leased approximately 100,000 square foot industrial/warehouse building in
October 2019. Griffin intends to finance the purchase of these two buildings
using its line of credit for acquisitions and cash on hand. Closings on these
two purchases are each subject to the satisfactory completion of due diligence
by Griffin. There is no guarantee that either of these building purchases will
be completed under their current terms, or at all.
Item 9.01. Financial Statements and Exhibits
Exhibit 99.1: Registrant's January 21, 2020 Press Release (attached
hereto).
This Current Report on Form 8-K includes "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. These forward-looking
statements include statements regarding Griffin's beliefs and expectations
regarding the closing and financing of the purchases of two industrial/warehouse
buildings in Orlando, Florida. Although Griffin believes that its plans,
intentions and expectations reflected in such forward-looking statements are
reasonable, it can give no assurance that such plans, intentions or expectations
will be achieved. The projected information disclosed herein is based on
assumptions and estimates that, while considered reasonable by Griffin as of the
date hereof, are inherently subject to significant business, economic,
competitive and regulatory uncertainties and contingencies, many of which are
beyond the control of Griffin and which could cause actual results and events to
differ materially from those expressed or implied in the forward-looking
statements. Other important factors that could affect the outcome of the events
set forth in these statements are described in Griffin's Securities and Exchange
Commission filings, including the "Business," "Risk Factors" and
"Forward-Looking Statements" sections in Griffin's Annual Report on Form 10-K/A
for the fiscal year ended November 30, 2018. Griffin disclaims any obligation to
update any forward-looking statements as a result of developments occurring
after the date of this Current Report on Form 8-K except as required by law.
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