Real Estate

SANTA ANA, Calif., June 5 /PRNewswire-FirstCall/ — Grubb & Ellis
Healthcare REIT, Inc. today announced the acquisition Nutfield Professional
Center, a medical office building consisting of 22 office condominiums in
the Manchester-suburb of Derry, N.H.

Located at 44 Birch Street, Nutfield Professional Center consists of
approximately 70,000 square feet of gross leaseable area. Built in 1963,
Nutfield Professional Center was renovated in 1990 and again in 1996.
Nutfield Professional Center is master-leased to HCA Health Services of New
Hampshire, Inc., a subsidiary of Hospital Corporation of America, Inc., one
of the largest for-profit health systems in the United States.

“Nutfield Professional Center is a high quality asset located adjacent
to Parkland Medical Center, an 86-bed regional acute care hospital also
operated by HCA Health Services of New Hampshire, Inc. that is currently
undergoing multiple facility and service enhancements,” said Danny Prosky,
Executive Vice President of Acquisitions for Grubb & Ellis Healthcare REIT.
“Close proximity to a major regional hospital is extremely attractive for
medical office buildings, making this acquisition a valuable addition to
the Grubb & Ellis Healthcare REIT portfolio.”

In 2006, Parkland Medical Center earned the Quality Respiratory Care
Recognition award from the American Association for Respiratory Care as
well as the Business of the Year award from the Greater Derry Chamber of
Commerce.

Nutfield Professional Center offers 337 parking spaces for visitors and
tenants and is located within close proximity to Highway 28.

Nutfield Professional Center was acquired from an unaffiliated third
party. Grubb & Ellis Healthcare REIT financed the acquisition through
utilization of its line of credit.

As of May 23, 2008, Grubb & Ellis Healthcare REIT has sold
approximately 33.6 million shares of its common stock, excluding the shares
issued under its distribution reinvestment plan, for approximately $335
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 per annum and, as of June 3, 2008, has made 30 geographically
diverse acquisitions valued at approximately $574 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
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 March 31, 2008, more than $3.4 billion in investor equity has
been raised for these investment programs. The company and its subsidiaries
currently manage a growing portfolio of more than 218 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 certain forward-looking statements with
respect to the importance that the property adds to the Grubb & Ellis
Healthcare REIT portfolio. Forward-looking statements are statements that
are not descriptions of historical facts and include statements regarding
management’s intentions, beliefs, expectations, plans or predictions of the
future, within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Because such statements include risks, uncertainties and
contingencies, actual results may differ materially from those expressed or
implied by such forward- looking statements. These risks, uncertainties and
contingencies include, but are not limited to, the following: uncertainties
regarding changes in the healthcare industry; uncertainties relating to
changes in general economic and real estate conditions; uncertainties
relating to the local economy and demand for healthcare related services in
the greater Derry, New Hampshire area; the strengths and financial
condition of Parkland Medical Center; the uncertainties relating to the
implementation of our real estate investment strategy; and other risk
factors as outlined in the company’s prospectus, as amended from time to
time, and as detailed from time to time in our periodic reports, as filed
with the Securities and Exchange Commission.

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[Via Real Estate Newswire]