Scott D. Peters to Continue as Chairman and CEO of Grubb & Ellis Healt...( Will Work Closely with Grubb & Elli...),Health

Will Work Closely with Grubb & Ellis Company on REIT's Growth Strategies

SANTA ANA, Calif., July 11 /PRNewswire/ -- Grubb & Ellis Healthcare REIT, Inc. today announced that Scott D. Peters will continue to serve as Chairman of the Board of Directors and Chief Executive Officer of Grubb & Ellis Healthcare REIT following his resignation as Chief Executive Officer, President and Director of Grubb & Ellis Company.

"I am excited to be able to devote a greater degree of my attention and energy to continue the growth of the Grubb & Ellis Healthcare REIT," said Peters. "I look forward to working with Grubb & Ellis Company as the REIT's sponsor to further expand the nationwide network of broker-dealers that market the Grubb & Ellis Healthcare REIT, and in maximizing stockholder value."

Grubb & Ellis Healthcare REIT is one of the industry's fastest-growing public non-traded REITs, according to the Stanger Report, which tracks public non-traded REITs. As of June 20, 2008, it has sold approximately 37.4 million shares of its common stock, excluding the shares issued under its distribution reinvestment plan, for approximately $374 million through its initial public offering, which began in the third quarter of 2006. Approximately $117 million of this equity raise was accomplished in the second quarter of 2008.

Grubb & Ellis Healthcare REIT offers a monthly distribution of 7.25 percent per annum and, as of June 30, 2008, has made 36 geographically diverse acquisitions for a total of 109 buildings valued at approximately $790 million, based on purchase price.

About Grubb & Ellis

Grubb & Ellis Company (NYSE: GBE), one of the largest and most respected commercial real estate services companies, is the sponsor of Grub
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