Grubb & Ellis Realty Investors Sells Reserve at Maitland in Maitland, Fla.

SANTA ANA, Calif., June 19 /PRNewswire-FirstCall/ -- Grubb & Ellis Realty
Investors, LLC today announced the disposition of Reserve at Maitland in the
northern Orlando-suburb of Maitland, Fla., on behalf of tenant-in-common
investors. This is the 53rd securitized 1031 TIC exchange program taken
full-cycle by Grubb & Ellis Realty Investors, an unrivaled industry record.
Located at 30, 65, and 70 Keller Road, Reserve at Maitland is comprised of
three single-story, Class A office buildings that offer six tenant spaces with
a combined rentable area of approximately 197,000 square feet. Situated on
approximately 9.5 acres, the property was completed in 2001 and offers a ratio
of five parking spaces per 1,000 square feet for a total of 943.
Reserve at Maitland, originally purchased in August 2004, was sold to
Flagler Development Group, represented by Daniel Finkle from Holliday Fenoglio
Fowler, L.P.
About Grubb & Ellis Realty Investors
Grubb & Ellis Realty Investors, LLC is the real estate investment and
asset management subsidiary of Grubb & Ellis Company (NYSE: GBE), a leading
real estate services and investment firm. Grubb & Ellis Realty Investors and
affiliates manage a growing portfolio of assets valued in excess of $6.1
billion located throughout 30 states. One of the nation's most active buyers
and sellers of commercial real estate, Grubb & Ellis Realty Investors has
completed acquisition and disposition volume totaling approximately $10.4
billion on behalf of program investors since its founding in 1998; more than
70 percent of this volume has been transacted since Jan.1, 2005.
Grubb & Ellis Realty Investors and affiliates are currently buying and
selling properties throughout the United States, offering a full range of
commercial real estate investment programs, including tenant-in-common (TIC)
programs for investors structuring tax-deferred (like-kind) exchanges under
Section 1031 of the Internal Revenue Code, non-traded public real estate
investment trusts (REITs), multi-member limited liability companies (LLCs) and
institutional investments. Through the Grubb & Ellis Wealth Management
program, Grubb & Ellis Realty Investors also offers high net worth investors a
comprehensive program to build or expand their commercial real estate
portfolio, whether their investment objectives are 1031 exchange driven or
not.
SOURCE Grubb & Ellis Realty Investors, LLC

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