SANTA ANA, CA– Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, announced that the filing of its 2008 Annual Report on Form 10-K with the Securities & Exchange Commission will be delayed beyond the March 31, 2009 due date.The company previously announced on March 18 that it had filed a Notification of Late Filing on Form 12b-25, and was intending to file its 2008 10-K by March 31, 2009, as a consequence of having to
restate certain previously issued financial statements to correct accounting errors related to the timing of revenue recognition relating to certain tenant-in-common investment programs sponsored by NNN Realty Advisors prior to the company’s merger with NNN Realty Advisors in December 2007.The company has now substantially completed the work necessary to report 2008 financial results. However, additional time is necessary to complete the restatement of its previously issued financial statements for the years ended December 31, 2007 and 2006, and the related quarters that will be reflected in the 2008 Form 10-K.
The company currently intends to file its 2008 Annual Report on Form 10-K within the next 30 days.
Contact: Janice McDill, 312.698.6707, janice.mcdill@grubb-ellis.com
No comments:
Post a Comment