GBE Grubb & Ellis Company Common Stock

SANTA ANA, Calif., May 13 /PRNewswire/ -- Grubb & Ellis Realty Investors, LLC today announced the promotion of Ross Crowe to Vice President of Asset Management. In his new position, Crowe is responsible for the overall management of the company's real estate assets in Austin, Houston, San Antonio, and Amarillo, Texas, as well as Wichita, Kansas. His duties include planning, leasing, financial analyses and investor reporting for each asset in the assigned portfolio. "Ross Crowe is an astute individual who offers a vast amount of knowledge and expertise to those he interacts with," said Grubb & Ellis Realty Investors Executive Vice President Kent Peters. "He has an impeccable record of success in the industry and we are honored to have him oversee our assets." Crowe joined Grubb & Ellis Realty Investors in 2007 as a regional asset manager, where he oversaw an investment portfolio comprised of commercial real estate properties located in the Austin and Houston areas. He is currently a board member of the Downtown Austin Alliance (DAA). Crowe previously served as a member of the boards of the Building Owners and Managers Association and The Texas Guaranteed Student Loan Corporation, where he served as an appointee of the Texas Commissioner of Higher Education. Prior to joining Grubb & Ellis Realty Investors, Crowe was a senior managing director with Kennedy Wilson, where he provided Fortune 100 and regional clients redevelopment, planning and a variety of other real estate services such as transaction management, asset management, financial analysis, and management practice training. He also supervised Kennedy Wilson's third party property management services for the Southwest Region. Crowe previously served as vice president and western regional director of operations for Grubb & Ellis Company, where he oversaw property and facilities operations for the West Region. About Grubb & Ellis Realty Investors Grubb & Ellis Realty Investors, LLC is the real estate investment and asset management subsidiary of Grubb & Ellis Company (NYSE:GBE), a leading real estate services and investment firm. Grubb & Ellis Realty Investors and affiliates manage a growing portfolio of assets valued in excess of $6.1 billion located throughout 30 states. One of the nation's most active buyers and sellers of commercial real estate, Grubb & Ellis Realty Investors has completed acquisition and disposition volume totaling approximately $10.4 billion on behalf of program investors since its founding in 1998; more than 70 percent of this volume has been transacted since Jan. 1, 2005. Grubb & Ellis Realty Investors and affiliates are currently buying and selling properties throughout the United States, offering a full range of commercial real estate investment programs, including tenant-in-common (TIC) programs for investors structuring tax-deferred (like-kind) exchanges under Section 1031 of the Internal Revenue Code, non-traded public real estate investment trusts (REITs), multi-member limited liability companies (LLCs) and institutional investments. Through the Grubb & Ellis Wealth Management program, Grubb & Ellis Realty Investors also offers high net worth investors a comprehensive program to build or expand their commercial real estate portfolio, whether their investment objectives are 1031 exchange driven or not. DATASOURCE: Grubb & Ellis Realty Investors, LLC CONTACT: Julia McCartney of Grubb & Ellis Realty Investors, LLC, +1-714-667-8252, ext. 230, Web site: http://www.grubb-ellis.com/ Company News On-Call: http://www.prnewswire.com/comp/136726.html

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