A MESSAGE GRUBB & SECOND QUARTER INVESTOR UPDATE In uncertain market conditions, investors may turn to public 2008Q2 non-traded REITs since they do not trade on a public Grubb & Ellis Healthcare REIT, Inc. has enjoyed a number of accomplishments since its o_ering market exchange. began in third quarter of 2006. This update will provide you with detailed information regarding the activity of the REIT during the second quarter of 2008. During the _rst half of 2008, SECOND QUARTER ACCOMPLISHMENTS Grubb & Ellis Healthcare REIT Raised $117 million of equity in second quarter 2008. gained considerable momentum. Closed 10 acquisitions valued in excess of $275 million based on purchase price. According to a medical o_ce Expanded portfolio which now consists of 36 acquisitions, including 109 buildings totaling more than 4.2 million square feet of gross leaseable area across 15 states. report issued by Real Capital Engaged 19 new broker-dealers which added Grubb & Ellis Healthcare REIT to their list of Analytics, Grubb & Ellis Healthcare approved products. REIT was the top buyer of medical SECOND QUARTER ACQUISITIONS properties during the past 12 5995 Plaza Drive, Cypress, CA months. This accomplishment The property consists of approximately 104,000 square feet of gross leaseable was made possible by a dedicated area, situated on five acres, and is 100 percent leased. sta_, whose market experience Academy Medical Center, Tucson, AZ Situated on five acres, the center consists of four buildings with approximately and professional relationships 41,000 square feet of gross leaseable area and is 95 percent leased. are critical to investing in today’s Decatur Medical Plaza, Decatur, GA environment. fiv Situated within three miles of major regional hospitals, it has approximately 43,000 square feet of gross leaseable area and is 100 percent leased. Grubb & Ellis is a name that Medical Portfolio 2, Missouri and Texas you know and can trust. Our Comprised of _ve buildings in two states, this portfolio has a gross leaseable area of approximately 173,000 square feet and is 96 percent leased. investment programs are provided Medical Portfolio 3, Indiana the same world-class property The portfolio of 20 buildings has a combined gross leaseable area of management services provided to approximately 689,000 square feet and is 91 percent leased. some of the largest corporations Nut_eld Professional Center, Derry, NH The medical o_ce building consists of 22 o_ce condominiums with and institutional owners approximately 70,000 square feet of gross leaseable area and is 100 percent leased. throughout the world. Renaissance Medical Centre, Bountiful, UT Located in a Salt Lake City suburb, this property consists of approximately We thank you for the con_dence 112,000 square feet of gross leaseable area and is 88 percent leased. that you have placed in our Senior Care Portfolio 1, Lomita and El Monte, CA company. We will continue to The California properties of Senior Care Portfolio 1 consist of two properties with approximately 71,000 square feet of gross leaseable area. Both properties are focus on providing you with 100 percent leased. the best service and investment SouthCrest Medical Plaza, Stockbridge, GA products the industry has to o_er. Located in an Atlanta suburb, these two buildings consist of approximately 81,000 square feet of gross leaseable area situated on 9.7 acres and are 79 percent leased. |