2008 YEAR END INVESTOR UPDATE 2008 Acquisition Highlights Medical Portfolio 3, Indianapolis, IN The portfolio of 20 buildings has a combined gross leaseable area of approximately 689,000 square feet and is 91 percent leased. Renaissance Medical Centre, Bountiful, UT Located in a Salt Lake City suburb, this property consists of approximately 112,000 square feet of gross leaseable area and is 88 percent leased. Senior Care Portfolio 1, Texas and California Senior Care Portfolio 1 is comprised of six senior care centers and skilled nursing facilities located in Texas and California. The four Texas properties are master leased to Southwest LTC, an operator of 19 senior care centers in Texas. These properties consist of approximately 155,000 square feet of combined gross leasable area. The California properties of Senior Care Portfolio 1 consist of two properties with approximately 71,000 square feet of gross leaseable area. All six properties are 100 percent leased. Amarillo Hospital, Amarillo, TX Located in Amarillo, Texas, Amarillo Hospital is a two-story building consisting of approximately 65,000 square feet of gross leaseable area. Built in 2007, this property is currently 100 percent leased. Oklahoma City Medical Portfolio, Oklahoma City, OK Oklahoma City Medical Portfolio consists of two medical office buildings, 5401 and 5701 N. Portland, located on the Deaconess Hospital Campus. 5401 N. Portland, which is physically attached to the Deaconess Hospital building, is approximately 96 percent leased to 16 tenants. 5701 N. Portland is a three-story building that offers approximately 61,000 square feet of gross leaseable area that is 86 percent leased to 17 tenants. 5995 Plaza Drive, Cypress, CA The property consists of approximately 104,000 square feet of gross leaseable area, situated on five acres, and is 100 percent leased. Medical Portfolio 4, Arizona, Ohio and Texas Medical Portfolio 4 is a geographically diverse group of five medical office buildings located in Phoenix, Arizona; Parma, Ohio; and various suburbs of Dallas, Texas. Totaling approximately 223,000 square feet of gross leasable area, the portfolio is currently 83 percent leased. Fort Road Medical Building, St. Paul, MN This building consists of approximately 50,000 square feet of gross leasable area, is connected to nearby hospitals and medical offices by a series of underground tunnels, and is 92 percent leased. DISTRIBUTION OF REIT PORTFOLIO* Medical Office Assisted Living/Skilled Nursing Hospital Office * based on purchase price as of December 31, 2008. Shares Sold and Equity Raised Grubb & Ellis Healthcare REIT has sold approximately 79.6 million shares of its common stock for more than $795.4 million as of January 31, 2009. At the close of 2008, Grubb & Ellis Healthcare REIT has made a total of 42 acquisitions and accumulated a geographically diverse portfolio of healthcare related properties located across 17 states valued at approximately $966 million, based on purchase price. This newsletter contains certain forward-looking statements about the healthcare sector and the company’s portfolio. Any forward-looking statements are based upon the current beliefs and expectations of management and involve risks, uncertainties and other factors that may cause the actual results or performance of the company and its affiliates to be materially different from any future results or performance expressed or implied by such forward-looking statements. The material in this newsletter does not constitute an offer to sell, nor a solicitation of an offer to buy the securities described herein. Such an offering is made only by prospectus. Grubb & Ellis Securities, Inc., member FINRA/SIPC, is the dealer manager for the Grubb & Ellis Healthcare REIT offering. As of March 10, 2009. (877) 888-7348 www.gbe-reits.com/healthcare |