Announcing Griffin Capital, First Client to Launch on Our New STAR 2010 XMS Transfer Agent System

News provided by

Mar 04, 2010, 12:31 ET

SAN FRANCISCO, March 4 /PRNewswire/ -- Phoenix American Financial Services announced that El Segundo, CA-based Griffin Capital has become the first client to launch on Phoenix's new transfer agent platform STAR 2010 XMS.

Joseph Miller, Griffin's Chief Financial Officer, stated:

"We chose Phoenix American Financial Services over their industry competitors because we believe that PAFS offers the highest level of client service available and cutting edge technology through the STAR 2010 XMS system. From their 30-plus years of experience, they have been an enormous help in servicing all of our transfer agent needs during the launch of our public non-traded REIT, The GC Net Lease REIT, Inc.

"We believe the STAR 2010 XMS system is an industry breakthrough in technological advancement. Because it's web-based, it offers us complete 24/7 accessibility. The system's one-click navigation and document management capabilities offer us more efficient access to the critical information we need each day."

Phil Owen, Vice President of Phoenix American, further elaborated:

"STAR 2010 XMS is not a transfer agent service cobbled together with third party software. We keep complete control. You, the client, have a single contact and we maintain and provide a premium product."

Fortune 500 companies have already been using Phoenix's reporting technology for over two years and consider it best-in-class. The ability to access truly meaningful metrics, ranging from an executive level to a granular level that reflects what is transpiring on a daily basis, is invaluable for sales teams.

Owen concluded by stressing:

"Phoenix's strength is its employees and they have delivered the best product and will support it and our clients with standard bearing service. This is the paramount consideration for an aggressive innovator like Griffin."

About Griffin Capital

Griffin Capital is a real estate investment company specializing in the acquisition, financing and ownership of institutional-quality property. Griffin currently owns and manages a portfolio of 8.4 million square feet of space located in 12 states. In addition to their headquarters in El Segundo they also hold offices in Chicago, IL. For more information about Griffin Capital, please visit http://www.griffincapital.com.

About Phoenix American Financial Services

Phoenix American Financial Services, established in 1972, provides transfer agent services as well as sales and marketing reporting services to companies in the alternative investment and mutual fund industries. It is our strength and experience that makes us the most reliant and innovative transfer agent in the industry. Phoenix is recognized as the premier provider in aircraft securitization services. For more information about Phoenix American Financial Services, please visit http://www.pafsi.com.