SANTA ANA, CA (Oct. 19, 2009) – Grubb & Ellis Healthcare REIT II, Inc., which initiated a public offering of shares of its common stock on Aug. 24, today announced that it reached its minimum offering of 200,000 shares sold Oct. 15.
Proceeds from initial subscriptions were placed in escrow until the minimum offering was reached. Initial subscribers have now been admitted as stockholders of Grubb & Ellis Healthcare REIT II and funds have been released by the escrow agent and are now available for the acquisition of assets and other purposes, provided that residents of Tennessee will be admitted after aggregate subscriptions exceed 1,000,000 shares sold.
Contact: Damon Elder, Phone: 714.975.2659, Email: damon.elder@grubb-ellis.com
David Ford Joins Grubb & Ellis Company as Vice President, Director of Management Services
SAN FRANCISCO, CA (Oct. 19, 2009) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that David Ford has joined the company as vice president, director of management services, effective immediately. A new position, Ford’s hire is part of the company’s strategy to significantly grow its property management portfolio in Northern California.
Ford joins Grubb & Ellis from Asset Management Services, a full service real estate firm, where he served as president since 2001. In this role, he oversaw the development of three commercial office and mixed-use projects, valued in excess of $70 million.
Contact: Julia McCartney, Phone: 714.975.2230, Email: julia.mccartney@grubb-ellis.com
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