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Grubb & Ellis Healthcare REIT Acquires Cypress Station Medical Office Building in Houston
Date:3/31/2008

or back and neck surgery and overall pulmonary services. It has also been designated a Bariatric Surgery Center of Excellence by the American Society for Metabolic and Bariatric Surgery.

Financing for the acquisition was primarily provided by National City Bank.

As of March 21, 2008, Grubb & Ellis Healthcare REIT has sold approximately 26.9 million shares of its common stock, excluding the shares issued under its distribution reinvestment plan, for approximately $268 million through its initial public offering, which began in the third quarter of 2006.

Grubb & Ellis Healthcare REIT offers a monthly distribution of 7.25 percent annum and as of March 26, 2008, has made 25 geographically-diverse acquisitions with a total portfolio valued at approximately $479 million.

About Grubb & Ellis

Grubb & Ellis Company (NYSE: GBE), one of the largest and most respected commercial real estate services companies, is the sponsor of Grubb & Ellis Healthcare REIT, Inc. With more than 130 owned and affiliate offices worldwide, Grubb & Ellis offers property owners, corporate occupants and investors comprehensive integrated real estate solutions, including transaction, management, consulting and investment advisory services supported by proprietary market research and extensive local market expertise.

Grubb & Ellis and its subsidiaries are leading sponsors of real estate investment programs that provide individuals and institutions the opportunity to invest in a broad range of real estate investment vehicles, including tax- deferred 1031 tenant-in-common (TIC) exchanges, public non-traded real estate investment trusts (REITs) and real estate investment funds. As of December 31, 2007, nearly $3 billion in investor equity has b
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SOURCE Grubb & Ellis Healthcare REIT, Inc.
Copyright©2008 PR Newswire.
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