Exhibit 12 (a)(5)
PRESS RELEASE – PRESS RELEASE – PRESS RELEASE – PRESS RELEASE
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EVEREST INVESTORS 17, LP
199 S. Los Robles Avenue, Suite 200
Pasadena, CA 91101
CONTACT: | Chris Davis or Stacey McClain of Everest Investors 17, LP | |
| (626) 585-5920 |
|
FOR IMMEDIATE RELEASE
PASADENA, CALIFORNIA, October 31, 2006 – Everest Investors 17, LP today announced that it has extended the expiration date of its outstanding tender offer for limited partnership interests in G Reit Inc. The expiration date for the tender offer has been extended to 5:00 p.m., Los Angeles time, on Tuesday, November 14, 2006. The offer was previously scheduled to expire at 5:00 p.m., Los Angeles time, on Friday, November 3, 2006. G Reit reported that the number of shares tendered pursuant to the offer would not be available to Everest until the offer expires and G Reit confirms to Everest the interests owned by the shareholders that tendered under the offer.
