Schedule III Real Estate Assets and Accumulated Depreciation and Amortization

12 Months Ended

Dec. 31, 2021

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule III Real Estate Assets and Accumulated Depreciation and Amortization

GRIFFIN REALTY TRUST, INC.

SCHEDULE III

REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION AND AMORTIZATION

(Dollars in thousands)

						Initial Cost to Company (1)				Total Adjustment to Basis (2)		Gross Carrying Amount at December 31, 2021										Life on which depreciation in latest income statement is computed
Property	Property Type	State	Encumbrances (3)			Land		Building and Improvements		Building and Improvements		Land		Building and Improvements (2)		Total		Accumulated Depreciation and Amortization		Date of Construction	Date of Acquisition
Plainfield	Office	IL	$	—		$	3,709	$	22,209	$	7,344	$	3,709	$	29,553	$	33,262	$	16,703	N/A	6/18/2009	5 -40 years
Renfro	Industrial	SC	12,247			1,400		18,182		2,012		1,400		20,194		21,594		9,987		N/A	6/18/2009	5-40 years
Emporia Partners	Industrial	KS	—			274		7,567		962		274		8,529		8,803		3,366		N/A	8/27/2010	5-40 years
AT&T	Office	WA	23,585			6,770		32,420		718		6,770		33,138		39,908		11,934		N/A	1/31/2012	5-40 years
Westinghouse	Office	PA	19,957			2,650		26,745		54		2,650		26,799		29,449		10,104		N/A	3/22/2012	5-40 years
TransDigm	Industrial	NJ	4,173			3,773		9,030		411		3,773		9,441		13,214		3,272		N/A	5/31/2012	5-40 years
Atrium II	Office	CO	8,618			2,600		13,500		10,643		2,600		24,143		26,743		7,770		N/A	6/29/2012	5-40 years
Zeller Plastik	Industrial	IL	8,164			2,674		13,229		651		2,674		13,880		16,554		4,767		N/A	11/8/2012	5-40 years
Northrop Grumman	Office	OH	9,945			1,300		16,188		39		1,300		16,227		17,527		7,232		N/A	11/13/2012	5-40 years
Health Net	Office	CA	12,246			4,182		18,072		324		4,182		18,396		22,578		9,969		N/A	12/18/2012	5-40 years
Comcast	Office	CO	14,105		'(5)	3,146		22,826		1,927		3,146		24,753		27,899		12,378		N/A	1/11/2013	5-40 years
500 Rivertech	Office	WA	—			3,000		9,000		6,784		3,000		15,784		18,784		6,142		N/A	2/15/2013	5-40 years
Schlumberger	Office	TX	27,681			2,800		47,752		1,285		2,800		49,037		51,837		15,455		N/A	5/1/2013	5-40 years
UTC	Office	NC	21,879			1,330		37,858		—		1,330		37,858		39,188		12,989		N/A	5/3/2013	5-40 years
Avnet	Industrial	AZ	18,288			1,860		31,481		47		1,860		31,528		33,388		8,792		N/A	5/29/2013	5-40 years
Cigna	Office	AZ	39,000		'(5)	8,600		48,102		133		8,600		48,235		56,835		16,633		N/A	6/20/2013	5-40 years
Amazon - Arlington Heights	Industrial	IL	—			7,697		21,843		5,879		7,697		27,722		35,419		8,208		N/A	8/13/2013	5-40 years
Verizon	Office	NJ	24,089			5,300		36,768		14,063		5,300		50,831		56,131		19,501		N/A	10/3/2013	5-40 years
Fox Head	Office	CA	—			3,672		23,230		—		3,672		23,230		26,902		6,740		N/A	10/29/2013	5-40 years
2500 Windy Ridge	Office	GA	—			5,000		50,227		18,247		5,000		68,474		73,474		19,957		N/A	11/5/2013	5-40 years
General Electric	Office	GA	—			5,050		51,396		132		5,050		51,528		56,578		14,528		N/A	11/5/2013	5-40 years
Atlanta Wildwood	Office	GA	—			4,241		23,414		9,051		4,241		32,465		36,706		11,175		N/A	11/5/2013	5-40 years
Community Insurance	Office	OH	—			1,177		22,323		3,725		1,177		26,048		27,225		7,124		N/A	11/5/2013	5-40 years
Anthem	Office	OH	—			850		8,892		175		850		9,067		9,917		3,224		N/A	11/5/2013	5-40 years
JPMorgan Chase	Office	OH	—			5,500		39,000		1,335		5,500		40,335		45,835		13,540		N/A	11/5/2013	5-40 years
Sterling Commerce Center	Office	OH	—			4,750		32,769		5,460		4,750		38,229		42,979		14,032		N/A	11/5/2013	5-40 years

					Initial Cost to Company (1)		Total Adjustment to Basis (2)	Gross Carrying Amount at December 31, 2021						Life on which depreciation in latest income statement is computed
Property	Property Type	State	Encumbrances (3)		Land	Building and Improvements	Building and Improvements	Land	Building and Improvements (2)	Total	Accumulated Depreciation and Amortization	Date of Construction	Date of Acquisition
Aetna (Arlington)	Office	TX	36,199	'(5)	3,000	12,330	1,793	3,000	14,123	17,123	5,277	N/A	11/5/2013	5-40 years
CHRISTUS Health	Office	TX	—		1,950	46,922	377	1,950	47,299	49,249	18,025	N/A	11/5/2013	5-40 years
Roush Industries	Industrial	MI	—		875	11,375	2,615	875	13,990	14,865	4,283	N/A	11/5/2013	5-40 years
Parkland Center	Office	WI	—		3,100	26,348	11,063	3,100	37,411	40,511	19,098	N/A	11/5/2013	5-40 years
1200 Morris	Office	PA	—		2,925	18,935	2,798	2,925	21,733	24,658	8,759	N/A	11/5/2013	5-40 years
United HealthCare	Office	MO	—		2,920	23,510	9,243	2,920	32,753	35,673	10,384	N/A	11/5/2013	5-40 years
Intermec (Northpointe Corporate Center II)	Office	WA	—		1,109	6,066	4,576	1,109	10,642	11,751	5,806	N/A	11/5/2013	5-40 years
Comcast (Northpointe Corporate Center I)	Office	WA	39,650	'(5)	2,292	16,930	2,324	2,292	19,254	21,546	6,141	N/A	11/5/2013	5-40 years
Farmers	Office	KS	—		2,750	17,106	816	2,750	17,922	20,672	7,430	N/A	12/27/2013	5-40 years
Digital Globe	Office	CO	—		8,600	83,400	—	8,600	83,400	92,000	25,498	N/A	1/14/2014	5-40 years
Waste Management	Office	AZ	—		—	16,515	82	—	16,597	16,597	7,126	N/A	1/16/2014	5- 40 years
Wyndham Worldwide	Office	NJ	—		6,200	91,153	2,494	6,200	93,647	99,847	22,527	N/A	4/23/2014	5-40 years
ACE Hardware Corporation HQ	Office	IL	22,750	'(5)	6,900	33,945	—	6,900	33,945	40,845	9,992	N/A	4/24/2014	5-40 years
Equifax	Office	MO	—		1,850	12,709	578	1,850	13,287	15,137	5,355	N/A	5/20/2014	5-40 years
American Express	Office	AZ	—		15,000	45,893	18,372	15,000	64,265	79,265	19,934	N/A	5/22/2014	5-40 years
Circle Star	Office	CA	—		22,789	68,950	5,272	22,789	74,222	97,011	26,884	N/A	5/28/2014	5-40 years
Vanguard	Office	NC	—		2,230	31,062	838	2,230	31,900	34,130	10,067	N/A	6/19/2014	5-40 years
Parallon	Office	FL	6,803		1,000	16,772	—	1,000	16,772	17,772	5,206	N/A	6/25/2014	5-40 years
TW Telecom	Office	CO	—		10,554	35,817	1,663	10,554	37,480	48,034	12,727	N/A	8/1/2014	5-40 years
Equifax II	Office	MO	—		2,200	12,755	234	2,200	12,989	15,189	4,559	N/A	10/1/2014	5-40 years
Mason I	Office	OH	—		4,777	18,489	746	4,777	19,235	24,012	3,502	N/A	11/7/2014	5-40 years
Wells Fargo (Charlotte)	Office	NC	26,975	'(5)	2,150	40,806	46	2,150	40,852	43,002	11,353	N/A	12/15/2014	5-40 years
GE Aviation	Office	OH	—		4,400	61,681	—	4,400	61,681	66,081	17,230	N/A	2/19/2015	5-40 years
Westgate III	Office	TX	—		3,209	75,937	—	3,209	75,937	79,146	18,948	N/A	4/1/2015	5-40 years
Franklin Center	Office	MD	—		6,989	46,875	1,441	6,989	48,316	55,305	11,157	N/A	6/10/2015	5-40 years
4650 Lakehurst Court	Office	OH	—		2,943	22,651	808	2,943	23,459	26,402	9,831	N/A	6/10/2015	5-40 years
Miramar	Office	FL	—		4,488	19,979	2,233	4,488	22,212	26,700	6,020	N/A	6/10/2015	5-40 years
Royal Ridge V	Office	TX	21,385	'(5)	1,842	22,052	3,667	1,842	25,719	27,561	6,639	N/A	6/10/2015	5-40 years
Duke Bridges	Office	TX	27,475	'(5)	8,239	51,395	8,291	8,239	59,686	67,925	13,122	N/A	6/10/2015	5-40 years

					Initial Cost to Company (1)		Total Adjustment to Basis (2)	Gross Carrying Amount at December 31, 2021						Life on which depreciation in latest income statement is computed
Property	Property Type	State	Encumbrances (3)		Land	Building and Improvements	Building and Improvements	Land	Building and Improvements (2)	Total	Accumulated Depreciation and Amortization	Date of Construction	Date of Acquisition
Houston Westway II	Office	TX	—		3,961	78,668	1,612	3,961	80,280	84,241	22,120	N/A	6/10/2015	5-40 years
Atlanta Perimeter	Office	GA	69,461	'(5)	8,382	96,718	900	8,382	97,618	106,000	36,514	N/A	6/10/2015	5-40 years
South Lake at Dulles	Office	VA	—		9,666	74,098	26,512	9,666	100,610	110,276	22,333	N/A	6/10/2015	5-40 years
Four Parkway	Office	IL	—		4,339	37,298	6,584	4,339	43,882	48,221	13,197	N/A	6/10/2015	5-40 years
Highway 94	Industrial	MO	13,732		5,637	25,280	—	5,637	25,280	30,917	7,528	N/A	11/6/2015	5-40 years
Heritage III	Office	TX	—		1,955	15,540	6,719	1,955	22,259	24,214	4,629	N/A	12/11/2015	5-40 years
Heritage IV	Office	TX	—		2,330	26,376	4,909	2,330	31,285	33,615	7,207	N/A	12/11/2015	5-40 years
Samsonite	Industrial	FL	19,114		5,040	42,490	11	5,040	42,501	47,541	9,234	N/A	12/11/2015	5-40 years
Restoration Hardware	Industrial	CA	78,000	'(5)	15,463	36,613	37,693	15,463	74,306	89,769	21,857	N/A	1/14/2016	5-40 years
HealthSpring	Office	TN	19,669		8,126	31,447	43	8,126	31,490	39,616	8,346	N/A	4/27/2016	5-40 years
LPL	Office	SC	—		4,612	86,352	—	4,612	86,352	90,964	10,351	N/A	11/30/2017	5-40 years
LPL	Office	SC	—		1,274	41,509	—	1,273	41,509	42,782	4,976	N/A	11/30/2017	5-40 years
Quaker	Industrial	FL	—		5,433	55,341	—	5,433	55,341	60,774	6,455	N/A	3/13/2018	5-40 years
McKesson	Office	AZ	—		312	69,760	—	312	69,760	70,072	13,496	N/A	4/10/2018	5-40 years
Shaw Industries	Industrial	GA	—		5,465	57,116	—	5,465	57,116	62,581	6,512	N/A	5/3/2018	5-40 years
GEAR Entities	Land	WA	—		1,584	—	—	1,584	—	1,584	—	N/A	3/17/2016	N/A
Owens Corning	Industrial	NC	3,239		867	4,418	1,101	867	5,519	6,386	825	N/A	5/1/2019	5-40 years
Westgate II	Office	TX	33,563		7,716	48,422	870	7,716	49,292	57,008	8,062	N/A	5/1/2019	5-40 years
Administrative Office of Pennsylvania Courts	Office	PA	5,957		1,246	9,626	781	1,246	10,407	11,653	1,631	N/A	5/1/2019	5-40 years
American Express Center	Office	AZ	53,878		10,595	82,098	3,109	10,595	85,207	95,802	15,274	N/A	5/1/2019	5-40 years
MGM Corporate Center	Office	NV	17,842		4,546	25,825	1,827	4,546	27,652	32,198	4,531	N/A	5/1/2019	5-40 years
American Showa	Industrial	OH	10,128		1,214	16,538	2,484	1,214	19,022	20,236	2,537	N/A	5/1/2019	5-40 years
Huntington Ingalls	Industrial	VA	—		6,213	29,219	2,674	6,213	31,893	38,106	4,332	N/A	5/1/2019	5-40 years
Wyndham	Office	NJ	—		9,677	71,316	1,742	9,677	73,058	82,735	9,070	N/A	5/1/2019	5-40 years
Exel	Industrial	OH	—		978	14,137	2,568	978	16,705	17,683	3,100	N/A	5/1/2019	5-40 years
Rapiscan Systems	Office	MA	—		2,006	10,270	484	2,006	10,754	12,760	1,618	N/A	5/1/2019	5 40 years
Aetna	Office	AZ	—		2,332	18,486	1,598	2,332	20,084	22,416	3,199	N/A	5/1/2019	5-40 years
Atlas Copco	Industrial	MI	—		1,156	18,297	1,505	1,156	19,802	20,958	2,763	N/A	5/1/2019	5-40 years
Toshiba TEC	Office	NC	—		1,916	36,374	2,423	1,916	38,797	40,713	5,186	N/A	5/1/2019	5-40 years

					Initial Cost to Company (1)		Total Adjustment to Basis (2)	Gross Carrying Amount at December 31, 2021						Life on which depreciation in latest income statement is computed
Property	Property Type	State	Encumbrances (3)		Land	Building and Improvements	Building and Improvements	Land	Building and Improvements (2)	Total	Accumulated Depreciation and Amortization	Date of Construction	Date of Acquisition
NETGEAR	Office	CA	—		22,600	28,859	1,700	22,600	30,559	53,159	6,071	N/A	5/1/2019	5-40 years
Nike	Office	OR	—		8,186	41,184	2,330	8,187	43,514	51,701	7,610	N/A	5/1/2019	5-40 years
Zebra Technologies	Office	IL	—		5,927	58,688	1,255	5,927	59,943	65,870	9,853	N/A	5/1/2019	5-40 years
WABCO	Industrial	SC	—		1,226	13,902	1,038	1,226	14,940	16,166	1,394	N/A	5/1/2019	5-40 years
IGT	Office	NV	45,300	'(6)	5,673	67,610	2,021	5,673	69,631	75,304	7,191	N/A	5/1/2019	5-40 years
3M	Industrial	IL	43,600	'(6)	5,802	75,758	6,391	5,802	82,149	87,951	7,010	N/A	5/1/2019	5-40 years
Amazon - Etna	Industrial	OH	61,500	'(6)	4,773	95,475	11,546	4,773	107,021	111,794	10,861	N/A	5/1/2019	5-40 years
Zoetis	Office	NJ	—		3,718	44,082	735	3,718	44,817	48,535	5,221	N/A	5/1/2019	5-40 years
Southern Company	Office	AL	99,600	'(6)	7,794	157,724	1,457	7,794	159,181	166,975	12,166	N/A	5/1/2019	5-40 years
Allstate	Office	CO	—		3,109	13,096	553	3,109	13,649	16,758	2,164	N/A	5/1/2019	5-40 years
MISO	Office	IN	—		3,725	25,848	971	3,725	26,819	30,544	3,313	N/A	5/1/2019	5-40 years
McKesson II	Office	AZ	—		—	36,959	4,681	—	41,640	41,640	5,021	N/A	9/20/2019	5-40 years
Pepsi Bottling Ventures	Industrial	NC	18,218		3,407	31,783	954	3,407	32,737	36,144	2,186	N/A	2/5/2020	5-40 years
State of Alabama	Office	AL	—		8,126	39,248	458	8,126	39,706	47,832	2,041	N/A	3/1/2021	5-40 years
CAS, Inc.	Office	AL	—		5,007	23,327	1,494	5,007	24,821	29,828	1,741	N/A	3/1/2021	5-40 years
Freeport McMoRan	Office	AZ	—		4,264	120,604	82	4,264	120,686	124,950	5,192	N/A	3/1/2021	5-40 years
Avnet HQ	Office	AZ	—		5,394	31,021	1,862	5,394	32,883	38,277	2,089	N/A	3/1/2021	5-40 years
Terraces at Copley Point	Office	CA	—		23,897	87,430	1,250	23,897	88,680	112,577	4,696	N/A	3/1/2021	5-40 years
County of Santa Clara	Office	CA	—		16,068	18,359	1,126	16,068	19,485	35,553	1,274	N/A	3/1/2021	5-40 years
ProteinSimple	Office	CA	—		12,674	48,553	1,417	12,674	49,970	62,644	2,184	N/A	3/1/2021	5-40 years
Traveler's Insurance	Office	CA	—		5,069	11,715	590	5,069	12,305	17,374	744	N/A	3/1/2021	5-40 years
Anadarko	Office	CO	—		6,841	24,702	1,794	6,841	26,496	33,337	1,057	N/A	3/1/2021	5-40 years
DuPont	Office	IA	—		6,412	39,299	1,624	6,412	40,923	47,335	1,917	N/A	3/1/2021	5-40 years
Mercury Systems	Office	MA	—		6,969	37,739	900	6,969	38,639	45,608	1,737	N/A	3/1/2021	5-40 years
Draeger Medical Systems	Office	MA	—		4,985	30,143	1,114	4,985	31,257	36,242	1,515	N/A	3/1/2021	5-40 years
Keurig - Phase I	Office	MA	—		5,111	48,464	812	5,111	49,276	54,387	1,683	N/A	3/1/2021	5-40 years
Keurig - Phase II	Office	MA	—		3,262	169,233	628	3,262	169,861	173,123	5,165	N/A	3/1/2021	5-40 years
JMT	Office	MD	—		2,873	50,619	1,060	2,873	51,679	54,552	1,490	N/A	3/1/2021	5-40 years
Fidelity Building Services	Industrial	MD	—		1,662	10,746	435	1,662	11,181	12,843	354	N/A	3/1/2021	5-40 years

					Initial Cost to Company (1)				Total Adjustment to Basis (2)		Gross Carrying Amount at December 31, 2021										Life on which depreciation in latest income statement is computed
Property	Property Type	State	Encumbrances (3)		Land		Building and Improvements		Building and Improvements		Land		Building and Improvements (2)		Total		Accumulated Depreciation and Amortization		Date of Construction	Date of Acquisition
United Rentals	Office	NC	—		2,847		30,163		726		2,847		30,889		33,736		1,262		N/A	3/1/2021	5-40 years
QORVO	Office	NC	—		2,436		18,473		645		2,436		19,118		21,554		990		N/A	3/1/2021	5-40 years
Ultra Electronics Ocean Systems	Office	NC	—		1,802		9,996		523		1,802		10,519		12,321		584		N/A	3/1/2021	5-40 years
Amcor Rigid Plastics	Industrial	OH	—		4,962		42,377		1,340		4,962		43,717		48,679		2,055		N/A	3/1/2021	5-40 years
Express Scripts	Office	PA	—		4,725		18,756		2,080		4,725		20,836		25,561		1,033		N/A	3/1/2021	5-40 years
International Paper	Office	TN	—		1,376		69,048		8,488		1,376		77,536		78,912		2,468		N/A	3/1/2021	5-40 years
Lennar Homes	Office	TX	—		1,759		17,546		715		1,759		18,261		20,020		798		N/A	3/1/2021	5-40 years
Dow Chemical	Office	TX	—		685		71,064		1,565		685		72,629		73,314		2,288		N/A	3/1/2021	5-40 years
Tech Data Corp.	Office	TX	—		3,138		12,987		671		3,138		13,658		16,796		648		N/A	3/1/2021	5-40 years
Fresenius Medical Care	Office	TX	—		1,380		28,924		1,401		1,380		30,325		31,705		972		N/A	3/1/2021	5-40 years
Total all properties (4)			$	1,018,015	$	584,291	$	4,633,517	$	352,352	$	584,291	$	4,985,869	$	5,570,160	$	993,323

(1)Building and improvements include tenant origination and absorption costs.

(2)Consists of capital expenditure, real estate development costs, and impairment charges.

(3)Amount does not include the net loan valuation discount of $1.0 million related to the debt assumed in the Highway 94, Samsonite and HealthSpring property acquisitions, as well as Owens Corning, Westgate II, AOPC, IPC/TRWC (AMEX), MGM, American Showa, BAML and Pepsi Bottling Ventures.

(4)As of December 31, 2021, the aggregate cost of real estate the Company and consolidated subsidiaries owned for federal income tax purposes was approximately $5.0 billion (unaudited).

(5)The BOA Loan is secured by cross-collateralized and cross-defaulted first mortgage liens on the properties.

(6)The BOA/KeyBank Loan is secured by cross-collateralized and cross-defaulted first mortgage liens on the properties.

	Activity for the Year Ended December 31,
	2021		2020		2019
Real estate facilities
Balance at beginning of year	$	4,310,302	4,278,433		$	3,073,364
Acquisitions	1,289,296		36,144		1,305,998
Construction costs and improvements	29,042		72,306		51,440
Other adjustments	(2,976)		—		—
Write down of tenant origination and absorption costs	(422)		—		—
Impairment provision	(4,242)		(23,472)		(30,734)
Sale of real estate assets	(50,840)		(53,109)		(121,635)
Balance at end of year	$	5,570,160	$	4,310,302	$	4,278,433
Accumulated depreciation
Balance at beginning of year	$	817,773	$	668,104	$	538,412
Depreciation and amortization expense	209,638		161,056		153,425
Write down of tenant origination and absorption costs	(422)		—		—
Less: Non-real estate assets depreciation expense	(5,860)		(4,619)		(7,769)
Less: Sale of real estate assets depreciation expense	(27,806)		(6,768)		(15,964)
Balance at end of year	$	993,323	$	817,773	$	668,104
Real estate facilities, net	$	4,576,837	$	3,492,529	$	3,610,329