GBE Grubb & Ellis Company Common Stock

SANTA ANA, Calif., Nov. 7 /PRNewswire/ -- NNN Realty Advisors, Inc. today announced that it will release its 2007 third quarter results on Thursday, November 8, before the market opens. On Nov. 2, Grubb & Ellis Company (NYSE:GBE) announced that the Securities and Exchange Commission had declared the registration statement on Form S-4 effective with respect to the proposed merger with NNN Realty Advisors. NNN Realty Advisors stockholders of record as of Oct. 26, 2007 have been mailed proxies and are entitled to vote by proxy or in person at a special meeting of NNN Realty Advisors stockholders scheduled for Dec. 6, 2007. Grubb & Ellis will hold its special meeting of stockholders later that day to vote on the proposed merger. The transaction is expected to close as soon as practicable following the stockholders' meetings, subject to obtaining approval of the merger by the stockholders of both NNN Realty Advisors and Grubb & Ellis. NNN Realty Advisors is a nationwide commercial real estate asset management and services firm that sponsors real estate investment programs to provide investors with the opportunity to engage in tax-deferred exchanges of real property and to invest in other real estate investment vehicles, including public non-traded real estate investment trusts and real estate investment funds. NNN Realty Advisors is the parent company of Triple Net Properties, LLC, Triple Net Properties Realty, Inc. and NNN Capital Corp., a FINRA-registered broker-dealer. NNN Realty Advisors is the sponsor of more than 200 commercial real estate investment programs; including tax-deferred 1031 tenant-in-common (TIC) exchanges and two recently launched public non-traded real estate investment trusts, NNN Apartment REIT and NNN Healthcare/Office REIT. NNN Realty Advisors currently manages a portfolio of commercial real estate valued at approximately $5.4 billion. THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT AN OFFER TO BUY OR THE SOLICITATION OF AN OFFER TO SELL ANY SHARES. In connection with the proposed merger, Grubb & Ellis Company and NNN Realty Advisors have filed a joint proxy statement/prospectus with the Securities and Exchange Commission as part of a registration statement regarding the proposed merger. Investors and security holders are urged to read the joint proxy statement/prospectus of Grubb & Ellis and NNN Realty Advisors because it contains important information about Grubb & Ellis and NNN Realty Advisors and the proposed merger. Investors and security holders may obtain copies of the definitive proxy statement/prospectus , and other documents filed by Grubb & Ellis and NNN Realty Advisors with the SEC at the SEC's Website at http://www.sec.gov/. The definitive joint proxy statement/prospectus and other relevant documents may also be obtained free of charge from NNN Realty Advisors and Grubb & Ellis by directing such request to: NNN Realty Advisors, Inc., 1551 N. Tustin Avenue, Suite 300, Santa Ana, CA 92705, 714.667.8252 x861, Attention: Michael Rispoli or to Grubb & Ellis Company, 500 West Monroe Street, Suite 2800, Chicago, IL 60661, 312.698.6707, Attention: Janice McDill. Investors and security holders are urged to read the joint proxy statement/prospectus and other relevant material when they become available before making any voting or investment decisions with respect to the merger. NNN Realty Advisors, Grubb & Ellis and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of NNN Realty Advisors and Grubb & Ellis, respectively, in connection with the merger. Information about NNN Realty Advisors' and Grubb & Ellis' directors and executive officers is set forth in the joint proxy statement/prospectus, which can be found on the SEC's website at http://www.sec.gov/. DATASOURCE: NNN Realty Advisors, Inc. CONTACT: Jill Swartz of NNN Realty Advisors, Inc., +1-714-667-8252, ext. 251, Web site: http://www.1031nnn.com/

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