Exhibit (a)(3)











November 1, 2005



TO:          SHAREHOLDERS OF G REIT, INC.

SUBJECT:     OFFER TO PURCHASE SHARES

Dear Shareholder:

As described in the enclosed Offer to Purchase and related Letters of
Transmittal (the "Offer") the Purchasers named in the attached Offer
(collectively the "Purchasers") are offering to purchase up to 1,000,000 Shares
of common stock (the "Shares") in G REIT, INC. at a purchase price equal to:

                                  $7 per Share
                                  ------------

You may wish to consider the following information when making your decision
whether to tender your Shares:

     o    G-REIT has cancelled share repurchase program as of April 30, 2004.

     o    The Offer provides you with the  opportunity  to obtain  liquidity for
          your investment.

     o    You can avoid  proration,  selling your Shares only if we purchase all
          of  them  by  checking  the  "All  or  None"  box  on  the  Letter  of
          Transmittal.

The Offer will provide you with an opportunity to liquidate all, or a portion
of, your investment in G REIT, INC. without the usual transaction costs
associated with market sales.

After carefully reading the enclosed Offer, if you elect to tender your Shares,
mail (using the enclosed pre-addressed, postage paid envelope) or fax a duly
completed and executed copy of the Letter of Transmittal (printed on purple
paper) and change of address forms, and any other documents required by the
Letter of Transmittal, to the Depositary for the Offer at:

                        MacKenzie Patterson Fuller, Inc.
                               1640 School Street
                            Moraga, California 94556
                            Facsimile: (925) 631-9119


If you have any questions or need assistance, please call the Depository at
800-854-8357.

This Offer expires (unless extended) December 12, 2005