Grubb & Ellis Equity Advisors is Terminating Relationship with Grubb & Ellis Apartment REIT

 SANTA ANA, CA (Nov. 1, 2010) – Grubb & Ellis Equity Advisors, LLC the primary real estate investment and asset management subsidiary of Grubb & Ellis Company (NYSE: GBE), today announced that its and its affiliates’ advisory and dealer-manager relationship with Grubb & Ellis Apartment REIT is being terminated.

 “Over the past few months there has been an increasing divergence in perspective between Grubb & Ellis Equity Advisors, as the advisor, and the REIT’s board of directors, which has resulted in fundamental differences of opinion as it relates to strategic direction of the REIT,” said Jeff Hanson (top right photo), president and chief executive officer of Grubb & Ellis Equity Advisors.

”Grubb & Ellis will continue to work constructively with the REIT board over the coming months to ensure that the interests of shareowners are preserved throughout the transition period.”

 Hanson added, “We remain committed to the non-traded REIT industry and will continue to focus our efforts on Grubb & Ellis Healthcare REIT II, which began acquiring assets earlier this year and seeks to raise $3 billion in equity.”

 Contact:  Damon Elder, Phone, 714.975.2659, Email: damon.elder@grubb-ellis.com