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Exhibit 99.1




|NNN Apartment REIT, Inc.

2007 Annual Stockholder Meeting

Presented by:

Stanley J. Olander, Jr.

Chairman, CEO & President
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|This document contains forward-looking statements within the meaning of the
federal securities laws which are intended to be covered by the safe harbors
created by those laws. Forward-looking statements are based on certain
assumptions and describe future plans, strategies and expectations of us.  Actual
events or our investments and results of operations could differ materially from
those expressed or implied in the forward-looking statements.  Factors which could
have a material adverse effect on our operations and future prospects include: our
ability to effectively deploy the proceeds raised in our initial public offering; changes
in economic conditions generally and the real estate market specifically;
legislative/regulatory changes, including changes to laws governing the taxation of
REITs; availability of capital and other risk factors identified in our filings with the
SEC.  These risks and uncertainties should be considered in evaluating forward-
looking statements and undue reliance should not be placed on such statements.

Forward-Looking Statements
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|Raised approximately $48.7 million or 4.9 million shares



 7% annual distribution rate



 Number of properties acquired: 2



 Number of units: 705



 Aggregate purchase price: $62.8 million


Current Status of the Offering (as of June 6, 2007)
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|Primary Objective



- Class A apartment communities, generally newer
properties, less than five years old






NNN Apartment REIT, Inc.

investments:
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|Stable cash flow

  Portfolio diversification

  Preservation and protection of capital

  Growth of income and principal without taking undue risks

  Potential for capital appreciation

  Potential tax advantages on a portion of distributions

There is no guarantee investors will realize appreciation or receive distributions from this investment.

NNN Apartment REIT, Inc. seeks to deliver:

Our program objectives
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|Stanley "Jay" Olander, Jr., Chief Executive Officer, President and Chairman

Mr. Olander also serves as the Chief Executive Officer of our advisor.  Mr. Olander was
Founder, President, Chief Financial Officer and Director of Cornerstone Realty Income Trust,
Inc.  Cornerstone was founded in 1993 as a public non-traded REIT and raised equity through
a number of best efforts offerings between 1993 - 1996.  In April 2005, Cornerstone merged
with Colonial Properties Trust, Inc.  Prior to the merger, Cornerstone was listed on the New
York Stock Exchange, owned approximately 23,000 apartment units in five states and had a
total market capitalization of approximately $1.5 billion.  Mr. Olander has been responsible for
the acquisition and financing of approximately 40,000 apartment units.




NNN Apartment REIT, Inc.

Management Team:

Gus Remppies, Executive Vice President and Chief Investment Officer

Mr. Remppies also serves as Executive Vice President and Chief Investment Officer of our
advisor.  From 1995 to 2005, Mr. Remppies worked for Cornerstone Realty Income Trust, Inc.
and was responsible for all acquisitions, dispositions, financing and development.  During his
tenure, Mr. Remppies oversaw the acquisition and development of approximately 30,000
apartment units and the placement of over $500 million in secured and unsecured debt with a
variety of lenders.
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|NNN Apartment REIT, Inc.

David Carneal, Executive Vice President and Chief Operating Officer

Mr. Carneal also serves as Executive Vice President and Chief Operating Officer of our
advisor. From 1998 to 2003, Mr. Carneal served as Vice President of Operations of
Cornerstone Realty Income Trust, Inc. and from 2003 to 2005, he served as its
Executive Vice President and Chief Operating Officer. Mr. Carneal was responsible for
overseeing the property management operations of approximately 23,000 apartment
units. Prior to joining Cornerstone, Mr. Carneal held management and development
positions with several other multifamily property management companies including
Trammell Crow Residential.



Scott D. Peters, Executive Vice President and Director

Mr. Peters also serves as Executive Vice President and Chief Financial Officer of our
advisor, Chief Executive Officer, President, and Director of NNN Realty Advisors, Inc.,
Chief Executive Officer of Triple Net Properties, LLC, and Chief Executive Officer and
President of G REIT, Inc.  Mr. Peters also served as former Senior VP and CFO and
Director of Golf Trust America, Inc., a publicly traded real estate investment trust, from
February 1997 to February 2007.
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|Shannon K S Johnson, CPA, Chief Financial Officer

Ms. Johnson has also served as a Financial Reporting Manager for Triple Net
Properties since January 2006 and as the Chief Financial Officer of NNN
Healthcare/Office REIT, Inc. since April 2006. From June 2002 to January 2006, Ms.
Johnson gained public accounting and auditing experience while employed as an
auditor with PricewaterhouseCoopers LLP. From September 1999 to June 2002, Ms.
Johnson worked as an auditor with Arthur Andersen LLP, where she worked on the
audits of a variety of public and private entities. Ms. Johnson is a certified public
accountant.



Andrea Biller, Esq., Secretary

Ms. Biller has also served as General Counsel of our advisor, Executive Vice
President, Secretary and General Counsel of NNN Realty Advisors, Inc., Executive
Vice President and General Counsel of Triple Net Properties, LLC, Executive Vice
President and Secretary of G REIT, Inc., Secretary of T REIT, Inc. and Executive Vice
President and Secretary of NNN Healthcare/Office REIT, Inc.  Ms. Biller practiced as a
private attorney specializing in securities and corporate law from 1990 to 1995 and
2000 to 2002. She practiced at the SEC from 1995 to 2000, including two years as
special counsel for the Division of Corporation Finance. Ms. Biller is a member of the
California, Virginia and the District of Columbia State Bar Associations.




NNN Apartment REIT, Inc.
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|Three of the NNN Apartment REIT, Inc.'s five directors are independent



Glenn W. Bunting, Jr.

Mr. Bunting serves as President of American KB Properties, Inc., President of G.B.
Realty Corporations and is currently a director of Apple Hospitality Two, Inc., Apple
Hospitality Five, Inc. and Apple REIT Seven, Inc. Mr. Bunting also served as a director
of Cornerstone Realty Income Trust, Inc. Mr. Bunting earned a B.S. in Business
Administration from Campbell University.



Robert A. Gary, IV

Mr. Gary is also the Chairman of our Audit Committee and serves as the financial
expert. Mr. Gary co-founded Keiter, Stephens, Hurst, Gary and Shreaves, an
independent certified public accounting firm.  His accounting practice focuses on
general business, employee benefits and executive compensation and estate planning
and administration.  Mr. Gary earned a B.S. in Accounting from Wake Forrest
University and an M.B.A. from the University of Virginia's Darden School.



W. Brand Inlow

Mr. Inlow is a principal and co-founder and serves as Director of Acquisitions for
McCann Realty Partners, LLC, an apartment investment company focusing on garden
apartment communities in the Southeast. Mr. Inlow is also President of Jessie's Wish,
Inc. and serves as a director of T REIT, Inc. and G REIT, Inc.


Corporate Governance
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|Single family housing affordability is at a thirteen year low making it out
of reach for many due to:

Appreciation in home prices

Rapidly rising interest rates negatively impact qualification for mortgage
financing

Rising construction costs



Demand for multifamily housing is challenging supply:

Dwindling supply of private land for multifamily development

High cost of new construction

Impact of condo conversion




Strong market fundamentals

It's the right time for multifamily
properties

Source: National Multifamily Housing Council.
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|Between 2000 and 2030, Florida, Texas, and California are projected to account
for 46% of population growth - an estimated gain of over 12 million people per
state, or 36 million total



Top five fastest growing States



Nevada    114%       Texas   60%

Arizona   109%       Utah   56%

Florida     80%



88% of the nation's population growth will occur in the South and West -

    home to 10 of the fastest growing states.



By 2030, 65% of the nation's population will reside in these two regions.



Source: US Census Bureau; U.S. Department of Commerce Report April, 2006

Compelling Demographic Trends

It's the right time for multifamily properties
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|78 million downsizing baby boomers and 78 million children of the baby
boomers graduating from college

Today's empty nesters show a much higher propensity to rent than people
their age in previous generations

Population growth in key demographic segments





Traditional renting years (ages 20 - 29) is expected to grow 11% between

    now and 2010



The 45 - 75 year-old age bracket:  is expected to grow 22% by 2014

Source: U.S. Census Bureau

Apartments - not just a housing
alternative but an attractive lifestyle
alternative as well
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|Purchase Class A apartment communities in growth markets, at attractive
prices relative to replacement costs



Manage tenant rents to obtain immediate increase in cash flow



Make value-enhancing and income-producing capital improvements where
appropriate



Control operating costs and capital expenditures



Maintain high occupancy rates



Hold properties as long as required, generally for a minimum of four years


NNN Apartment REIT, Inc.'s

operating strategy
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|Here's where we will focus our
acquisitions

Metro areas projected to have growth rates higher than
national average with prospect for continued
performance



Not limited to any state or region.  Will consider
capitalizing on income opportunities that may result from
shifts in population and assets



Areas of special focus - NC, TX, NV and other metro
areas in Mid-Atlantic, SE and regions that seem likely to
benefit from population shift and economic growth
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|Quality properties, amenities, location, management and upscale tenants



     Often less than five years old

     High ceilings

     Upscale kitchens









Lifestyle features that make Class A
apartment properties appealing

Amenities

   Swim & tennis facilities

   Spa and exercise rooms

   Meeting and event facilities

   Concierge services

   Internet and cable/satellite ready

   On-site security; gates

   Spa tubs, showers and spacious closets

   Covered parking

   Fireplaces




   Construction features
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|Recent Acquisitions by

NNN Apartment REIT, Inc.
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|Recent Acquisitions by

NNN Apartment REIT, Inc.
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