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

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

SANTA ANA, Calif., April 10 /PRNewswire/ -- Grubb & Ellis Healthcare REIT,
Inc. today announced the promotion of Danny Prosky 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.
"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.
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
December 31, 2007, nearly $3 billion in investor equity has been raised for
these investment programs. The company and its subsidiaries currently manage a
growing portfolio of more than 216 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 attractiveness of Grubb & Ellis Healthcare REIT as an
investment option, the growth of Grubb & Ellis Healthcare REIT's property
portfolio and equity raise, and Grubb & Ellis Healthcare REIT's presence
throughout the United States. 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
economy and demand for healthcare-related services in the United States; 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.
SOURCE Grubb & Ellis Healthcare REIT, Inc.

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