Grubb & Ellis Healthcare REIT Increases Line of Credit With LaSalle Bank to $...(advantage of thedemand for healthcare se...),Health

Date:12/18/2007

advantage of the demand for healthcare services in the United States. According to the U.S. Department of Health and Human Services, healthcare spending in the United States ballooned from 13.7 percent to 16.2 percent of the country's gross domestic product (GDP) between 1999 and 2005 and is expected to grow to 20 percent of GDP by 2015. During that same time span, annual healthcare expenses are projected to double to $4 trillion.

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 offer 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 September 30, 2007, nearly $3 billion in investor equity has been raised for these investment programs. Grubb & Ellis and its subsidiaries currently manage a growing portfolio of more than 214 million square feet of real estate. In 2007, Grubb & Ellis was selected from among 15,000 vendors as Microsoft Corporation's Vendor of the Year. For more information regarding Grubb & Ellis Company please visit

SOURCE Grubb & Ellis Healthcare REIT, Inc. Copyright©2007 PR Newswire. All rights reserved

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