GBE Grubb & Ellis Company Common Stock

SANTA ANA, Calif., Feb. 7 /PRNewswire-FirstCall/ -- Jeff Hanson has been named President of Grubb & Ellis Realty Investors, LLC, the investment programs subsidiary of Grubb & Ellis Company (NYSE:GBE), one of the world's leading commercial real estate services and investment management firms. Grubb & Ellis Realty Investors, previously known as Triple Net Properties, LLC, is one of the nation's leading sponsors of securitized 1031 tenant-in-common (TIC) exchange programs, multi-member limited liability companies (LLCs), joint ventures and investment funds. The company is the managing member of the advisor to Grubb & Ellis Healthcare REIT, Inc. and Grubb & Ellis Apartment REIT, Inc. "Jeff is one of the most astute professionals in the commercial real estate industry whose integrity, judgment and leadership skills are of the highest caliber," said Scott D. Peters, Chief Executive Officer of Grubb & Ellis Company. "He is an invaluable member of the executive management team of Grubb & Ellis and an ideal choice to lead Grubb & Ellis Realty Investors." In addition to his added responsibilities as president, Hanson will continue to serve as chief investment officer of Grubb & Ellis Realty Investors, a role he has filled since joining the then-named Triple Net Properties in 2006. Prior to joining Grubb & Ellis Realty Investors, Hanson served as a senior vice president with Grubb & Ellis Company's Institutional Investment Group, which he joined in 1997. Hanson's career in commercial real estate began at CB Richard Ellis in 1996. "I am honored to serve as president of Grubb & Ellis Realty Investors," said Hanson. "This is a unique company that has enabled thousands of 'Main Street' investors to participate in 'Wall Street'-caliber investment programs. As a part of Grubb & Ellis Company, we will expand the distribution of our investment programs and extend the benefits of commercial real estate ownership to a larger pool of investors." Hanson earned a bachelor's degree in business with an emphasis in real estate finance from the University of Southern California. He is a member of the Tenant-In-Common Association, National Association of Industrial and Office Properties, National Association of Real Estate Investment Trusts, Pension Real Estate Association and The Urban Land Institute. As of Sept. 30, 2007, Grubb & Ellis Realty Investors oversees a portfolio of assets valued at approximately $5.4 billion located throughout 28 states and has completed acquisition and disposition volume totaling more than $6.8 billion between Jan. 1, 2005 and Sept. 30, 2007. Triple Net Properties, LLC became a subsidiary of Grubb & Ellis Company on Dec. 7, 2007, following the merger of Grubb & Ellis and NNN Realty Advisors, Inc. It was recently renamed Grubb & Ellis Realty Investors, LLC. About Grubb & Ellis Grubb & Ellis Company (NYSE:GBE) is one of the largest and most respected commercial real estate services companies. 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 September 30, 2007, nearly $3 billion in investor equity has been raised for these investment programs. The company 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 http://www.grubb-ellis.com/. FORWARD-LOOKING LANGUAGE This press release contains "forward-looking statements" within the meaning of Private Securities Litigation Reform Act of 1995. Any statement in this press release about expectations, beliefs, plans, objectives, assumptions or future events or performance are not historical facts and are forward-looking statements. Any forward-looking statements are based upon the current beliefs and expectations of management and involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, achievements or transactions of the company and its affiliates to be materially different from any future results, performance, achievements or transactions expressed or implied by such forward-looking statements. The following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: changes in the company's results of operations; uncertainties relating to the implementation of the company's real estate investment and asset management strategies; changes in general and local economic and real estate conditions; the inability to combine the businesses of NNN Realty Advisors and Grubb & Ellis successfully, or that such combination may take longer, be more difficult, time-consuming or costly to accomplish than expected; and increased operating costs and business disruption following the merger of NNN Realty Advisors and Grubb & Ellis, including adverse effects on employee retention and on business relationships with third parties. Additional information or factors which could impact the company and the forward-looking statements contained herein are included in Grubb & Ellis' filings with the Securities and Exchange Commission, including but not limited to the joint proxy statement/prospectus of Grubb & Ellis and NNN Realty Advisors. Any forward-looking statements speak only as of the date on which they are made and the company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events. DATASOURCE: Grubb & Ellis Company CONTACT: Janice McDill, +1-312-698-6707, , or Jill Swartz, +1-714-667-8252, ext. 251, , both of Grubb & Ellis Company Web site: http://www.grubb-ellis.com/ Company News On-Call: http://www.prnewswire.com/comp/136726.html

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