Grubb & Ellis Healthcare REIT Acquires Decatur Medical Plaza in Decatur, GA

SANTA ANA, CA /PRNewswire-FirstCall/ -- Grubb & Ellis Healthcare REIT, Inc. has acquired the Decatur Medical Plaza, (top left photo) a medical office building located in the Atlanta suburb of Decatur, Ga.

Located at 200 E. Ponce De Leone Ave., Decatur Medical Plaza consists of approximately 43,000 square feet of gross leaseable area situated on approximately one acre of land.

The three-story building includes four units and is 100 percent leased to various tenants, including Nanston, Inc. and DeKalb Medical.

Built in 1976 and renovated in 1998 and 2007, the property faces downtown Decatur's main pedestrian thoroughfare.

"This is a terrific property with an excellent location in Decatur that is close to multiple major regional hospitals, as well as downtown Atlanta," said Danny Prosky, (middle right photo) Executive Vice President of Acquisitions for Grubb & Ellis Healthcare REIT. "These qualities contribute to the attractiveness of this acquisition, and we are pleased to add Decatur Medical Plaza to the Grubb & Ellis Healthcare REIT portfolio."

Decatur Medical Plaza is situated within three miles of five major regional hospitals: Dekalb Medical Center, Atlanta Veteran Affairs Medical Center, Children's Healthcare of Atlanta at Egelston, Emory-Children's Center and Emory University Hospital.

Located within five miles of downtown and midtown Atlanta, the property is in close proximity to State Route 155 and is surrounded by various office buildings and retail outlets. Decatur Medical Plaza sits approximately one-half-block away from the Metropolitan Atlanta Rapid Transit Authority station.

Grubb & Ellis Healthcare REIT has completed four other acquisitions in the Atlanta area: the recently acquired Southcrest Medical Plaza, (middle left photo) as well as Northmeadow Medical Center, Gwinnett Professional Center, and Yorktown Medical Center and Shakerag Medical Center.

Decatur Medical Plaza was acquired from an unaffiliated third party represented by Stewart Calhoun of Cushman & Wakefield, Inc. Grubb & Ellis Healthcare REIT financed this acquisition through utilization of its line of credit.

As of June 20, 2008, Grubb & Ellis Healthcare REIT has sold approximately 37.4 million shares of its common stock, excluding the shares issued under its distribution reinvestment plan, for approximately $374 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 27, 2008, has made 34 geographically diverse acquisitions for a total of 100 buildings valued at approximately $706 million, based on purchase price.

CONTACT: Julia McCartney of Grubb & Ellis Healthcare REIT, Inc.,+1-714-667-8252, ext. 230, julia.mccartney@grubb-ellis.com

Web site: http://www.grubb-ellis.com/

Grubb & Ellis Healthcare REIT Acquires SouthCrest Medical Plaza in Stockbridge, GA

SANTA ANA, CA /PRNewswire/ -- Grubb & Ellis Healthcare REIT, Inc. has acquired SouthCrest Medical Plaza, (two photos at left) a two- building medical office property located in the Atlanta suburb of Stockbridge, Ga.

Located at 1035 and 1045 Southcrest Drive, SouthCrest Medical Plaza consists of approximately 81,000 square feet of gross leaseable area situated on approximately 9.7 acres of land.

The property joins four other medical buildings in the Atlanta area owned by Grubb & Ellis Healthcare REIT: Northmeadow Medical Center, Gwinnett Professional Center, Yorktown Medical Center and Shakerag Medical Center.

"SouthCrest Medical Plaza is a fantastic asset located near two major hospitals, Southern Regional Medical Center and Henry Medical Center," said Danny Prosky, Executive Vice President of Acquisitions for Grubb & Ellis Healthcare REIT. "For any medical office building, close proximity to a major hospital is an attractive quality that figures heavily into our acquisition process."

Southern Regional Medical Center is a 376-bed, not-for-profit hospital that offers a comprehensive list of services, including pathology, pediatrics, oncology and rehabilitation. Henry Medical Center is a 215-bed hospital that served more than 52,000 emergency room admissions and 30,000 outpatient visits in 2006.

The full service, not-for-profit hospital offers various medical services, including cardiology, orthopedic and nuclear medicine scans, as well as educational programs.

SouthCrest Medical Plaza offers 393 parking spaces for visitors and tenants and offers easy access to Interstates 75 and 675, as well as various retail outlets, such as Kohl's and Lowe's.

SouthCrest Medical Plaza was acquired from an unaffiliated third party and was facilitated by Douglas Connell (top right photo) of Grubb & Ellis. Financing for this acquisition was primarily provided by Wachovia Financial Services, Inc., and funds raised through the Grubb & Ellis Healthcare REIT offering.

As of June 13, 2008, Grubb & Ellis Healthcare REIT has sold approximately 36 million shares of its common stock, excluding the shares issued under its distribution reinvestment plan, for approximately $360 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 24, 2008, has made 31 geographically diverse acquisitions valued at approximately $595 million, based on purchase price.

CONTACT:

Julia McCartney of Grubb & Ellis Healthcare REIT, +1-714-667-8252, ext. 230, julia.mccartney@grubb-ellis.com

Web site: http://www.grubb-ellis.com/

Grubb & Ellis Healthcare REIT Names Danny Prosky Executive Vice President, Acquisitions

SANTA ANA, CA/PRNewswire/ -- Grubb & Ellis Healthcare REIT, Inc. has announced the promotion of Danny Prosky (top right photo) to Executive Vice President of Acquisitions. Prosky had served as Vice President of Acquisitions since the inception of the REIT's initial public offering in September 2006.

Prosky is responsible for the acquisition, management and potential disposition of healthcare-related real estate assets for Grubb & Ellis Healthcare REIT. He has played a key role in building the existing portfolio of the REIT, which has acquired 27 geographically diverse properties for a total of $513 million as of April 4, 2008.

"Danny Prosky is a talented real estate professional with tremendous depth of experience and long-standing relationships in the healthcare sector that have helped us build a diverse portfolio of healthcare-related properties," said Grubb & Ellis Healthcare REIT Chief Executive Officer Scott D. Peters.(top left photo)

"His expertise has allowed us to establish the REIT as an attractive investment option for thousands of individual investors and tens of thousands of registered representatives. As our equity raise continues to accelerate, Grubb & Ellis Healthcare REIT will rely even more heavily upon Danny as we rapidly expand our presence and acquire investment-grade healthcare properties throughout the United States."

Throughout his 16-year career, Prosky has been responsible for the acquisition of more than 10 million square feet of healthcare-related real estate. In 2007, Prosky was named co-chair of the Medical Office Building and Healthcare Facilities Conference Planning Committee of the Building Owners and Managers Association International.

He had previously served as vice chair of the committee since 2005.Grubb & Ellis Healthcare REIT offers a monthly distribution of 7.25 percent per annum and has sold approximately 26.8 million shares of its common stock, excluding the shares issued under its distribution reinvestment plan, for approximately $268 million as of March 31, 2008.

CONTACT:

Julia McCartney,

+1-714-667-8252, ext. 230,

julia.mccartney@grubb-ellis.com

Web site: http://www.grubb-ellis.com/