GBE Grubb & Ellis Company Common Stock

SANTA ANA, Calif., May 15 /PRNewswire/ -- Grubb & Ellis Realty Investors, LLC today announced that Dan O'Hare is rejoining the company as Vice President of Asset Management. O'Hare is an industry veteran with more than 20 years of commercial real estate experience. O'Hare was previously a senior asset manager for Grubb & Ellis Realty Investors, formerly known as Triple Net Properties, during 2003 and 2004. He was responsible for a nationwide portfolio of office, retail and industrial properties. In his new role, he is responsible for expanding the Grubb & Ellis Wealth Management platform as well as overseeing the assets acquired on behalf of investors participating in the program. The Grubb & Ellis Wealth Management program is designed exclusively for high net worth investors, empowering participants to leverage Grubb & Ellis Realty Investors' nationwide platform and commercial real estate investment expertise to acquire and manage single or multiple asset acquisitions under a sole-ownership structure. "Dan brings a wealth of knowledge and experience, along with proven team building and leadership qualities and a strong work ethic to Grubb & Ellis Realty Investors," said Jeff Hanson, Grubb & Ellis Realty Investors' President and Chief Investment Officer. "His return is a great addition to our talented team of asset managers, and adds tremendous value to our Wealth Management program." O'Hare is a member of the National Association of Industrial and Office Properties and the International Council of Shopping Centers. He joins Grubb & Ellis Realty Investors from TA Associates Realty, a Boston-based pension fund advisor, where he was a senior asset manager responsible for numerous office, industrial, retail and development assets. O'Hare also previously served as vice president of asset management for Birtcher-Anderson Properties as well as a project director for Spieker Properties, which was acquired by Equity Office Properties. About Grubb & Ellis Realty Investors Grubb & Ellis Realty Investors, LLC is the real estate investment and asset management subsidiary of Grubb & Ellis Company (NYSE:GBE), a leading real estate services and investment firm. Grubb & Ellis Realty Investors and affiliates manage a growing portfolio of assets valued in excess of $6.1 billion located throughout 30 states. One of the nation's most active buyers and sellers of commercial real estate, Grubb & Ellis Realty Investors has completed acquisition and disposition volume totaling approximately $10.4 billion on behalf of program investors since its founding in 1998; more than 70 percent of this volume has been transacted since Jan. 1, 2005. Grubb & Ellis Realty Investors and affiliates are currently buying and selling properties throughout the United States, offering a full range of commercial real estate investment programs, including tenant-in-common (TIC) programs for investors structuring tax-deferred (like-kind) exchanges under Section 1031 of the Internal Revenue Code, non-traded public real estate investment trusts (REITs), multi-member limited liability companies (LLCs) and institutional investments. Through the Grubb & Ellis Wealth Management program, Grubb & Ellis Realty Investors also offers high net worth investors a comprehensive program to build or expand their commercial real estate portfolio, whether their investment objectives are 1031 exchange driven or not. DATASOURCE: Grubb & Ellis Realty Investors, LLC CONTACT: Julia McCartney of Grubb & Ellis Realty Investors, LLC, +1-714-667-8252, ext. 230, Web site: http://www.grubb-ellis.com/ Company News On-Call: http://www.prnewswire.com/comp/136726.html

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