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Shareholders to vote on $4.8B merger of 2 Griffin Capital REITs

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Shareholders to vote on $4.8B merger of 2 Griffin Capital REITs

The respective shareholders of Griffin Capital Essential Asset REIT Inc. and Griffin Capital Essential Asset REIT II Inc. will cast their votes on the planned merger of the two El Segundo, Calif.-based diversified real estate investment trusts at their separate annual meetings on March 13.

The merger is expected to create a self-managed REIT valued at $4.75 billion.