Exhibit 10.62
 THIRD AMENDED AND RESTATED SECURITY AGREEMENT
    as Grantors
   as Administrative Agent




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T A B L E O F C O N T E N T S
 Section
    
    
    
    PageSection 1.
    
    Grant of Security
    
    
    2Section 2.
    
    Security for Obligations
    
    
    6Section 3.
    
    Grantors Remain Liable
    
    
    6Section 4.
    
    Delivery and Control of Security Collateral
    
    
    6Section 5.
    
    Maintaining the Account Collateral
    
    
    8Section 6.
    
    Investing of Amounts in the Collateral Account and the L/C Collateral Account
    
    
    9Section 7.
    
    Release of Amounts
    
    
    9Section 8.
    
    Maintaining Electronic Chattel Paper, Transferable Records and Letter-of-Credit Rights and Giving Notice of Commercial Tort Claims
    
    
    10Section 9.
    
    Representations and Warranties
    
    
    10Section 10.
    
    Further Assurances
    
    
    14Section 11.
    
    As to Equipment and Inventory
    
    
    16Section 12.
    
    Insurance
    
    
    16Section 13.
    
    Post-Closing Changes; Bailees; Collections on Assigned Agreements, Receivables and Related Contracts
    
    
    17Section 14.
    
    As to Intellectual Property Collateral
    
    
    18Section 15.
    
    Voting Rights; Dividends; Etc.
    
    
    19Section 16.
    
    As to the Assigned Agreements
    
    
    21Section 17.
    
    Payments Under the Assigned Agreements
    
    
    21Section 18.
    
    As to Letter-of-Credit Rights
    
    
    22Section 19.
    
    Transfers and Other Liens; Additional Shares
    
    
    22Section 20.
    
    Administrative Agent Appointed Attorney-in-Fact
    
    
    22Section 21.
    
    Administrative Agent May Perform
    
    
    23Section 22.
    
    The Administrative Agents Duties
    
    
    23Section 23.
    
    Remedies
    
    
    23
 i




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Section
    
    
    
    PageSection 24.
    
    Indemnity and Expenses
    
    
    25Section 25.
    
    Amendments; Waivers; Additional Grantors; Etc.
    
    
    25Section 26.
    
    Notices, Etc.
    
    
    26Section 27.
    
    Continuing Security Interest; Assignments under the Credit Agreement
    
    
    26Section 28.
    
    Release; Termination
    
    
    26Section 29.
    
    Execution in Counterparts
    
    
    27Section 30.
    
    The Mortgages
    
    
    27Section 31.
    
    Governing Law
    
    
    27
 Schedules I
    
    -
    
    Location, Chief Executive Office, Place Where Agreements Are Maintained, Type Of
Organization, Jurisdiction Of Organization And Organizational Identification NumberSchedule II
    
    -
    
    Pledged Equity and Pledged DebtSchedule III
    
    -
    
    Assigned AgreementsSchedule IV
    
    -
    
    Locations of Equipment and InventorySchedule V
    
    -
    
    Changes in Name, Location, Etc.Schedule VI
    
    -
    
    Patents, Trademarks and Trade Names, Copyrights and IP AgreementsSchedule VII
    
    -
    
    Account CollateralSchedule VIII
    
    -
    
    Intentionally OmittedSchedule IX
    
    -
    
    Commercial Tort ClaimsSchedule X
    
    -
    
    Letters of CreditExhibitsExhibit A
    
    -
    
    Form of Security Agreement SupplementExhibit B
    
    -
    
    Form of Account Control AgreementExhibit C
    
    -
    
    Form of Consent and AgreementExhibit D
    
    -
    
    Form of Securities Account Control AgreementExhibit E
    
    -
    
    Form of Commodity Account Control AgreementExhibit F
    
    -
    
    Form of Intellectual Property Security AgreementExhibit G
    
    -
    
    Form of Intellectual Property Security Agreement SupplementExhibit H
    
    -
    
    Form of Consent to Assignment of Letter of Credit RightsExhibit I
    
    -
    
    Form of Account Control RatificationExhibit J
    
    -
    
    Form of ACH Account Control Agreement
 ii




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THIRD AMENDED AND RESTATED SECURITY AGREEMENT
 Borrower Grantors Administrative Agent
 PRELIMINARY STATEMENTS.
 Credit Agreement
  Initial
Pledged Equity Initial
Pledged Debt
 Pledged Security Entitlements Pledged Financial Assets Securities Accounts
 ACH Deposit
Accounts Other Deposit Accounts Deposit Accounts
 L/C Collateral Account




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UCC provided UCC Federal Book Entry Regulations Treasury/Reserve Automated Debt Entry System (TRADES) Additional Provisions
  Grant of Security Collateral
 Equipment
 Inventory
 Receivables
 2




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Related Contracts provided however
 Security Collateral
   Pledged Equity
 Pledged Debt
   3




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Assigned Agreements Agreement Collateral
 Account Collateral
 Collateral Account
   Intellectual Property Collateral
 Patents
  4




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Trademarks
 Copyrights
 Computer Software
 Trade Secrets
 IP Security
Agreement Supplement
  IP Agreements
  5




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Commercial Tort Claims Collateral
   Security for Obligations Secured Obligations
 Grantors Remain Liable
 Delivery and Control of Security Collateral
 6




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Securities Account Control Agreement
 Commodity Account Control Agreement Security Control
Agreements
    7




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Maintaining the Account Collateral
 Pledged Account Banks Account Control Agreement
 Obligor
   8




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Investing of Amounts in the Collateral Account and the L/C Collateral Account
 Release of Amounts
 9




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Maintaining Electronic Chattel Paper, Transferable Records and Letter-of-Credit Rights and
Giving Notice of Commercial Tort Claims
 UETA
 Collateral L/C
  Representations and Warranties
   10




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11




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Account Control Ratification
     12




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13




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Further Assurances
 14




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15




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As to Equipment and Inventory
   Insurance
  16




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Post-Closing Changes; Bailees; Collections on Assigned Agreements, Receivables and Related
Contracts
  17




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provided however
 As to Intellectual Property Collateral
 18




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Intellectual Property
Security Agreement
 After-Acquired Intellectual Property IP Security Agreement Supplement
 Voting Rights; Dividends; Etc
 19




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provided
however
 provided however
         20




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As to the Assigned Agreements
         Payments Under the Assigned Agreements
  21




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As to Letter-of-Credit Rights
  Transfers and Other Liens; Additional Shares
  Administrative Agent Appointed Attorney-in-Fact
    22




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Administrative Agent May Perform
 The Administrative Agents Duties
 Subagent provided however
 Remedies
  23




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first
 second provided provided provided further
 24




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Indemnity and Expenses Indemnified Party
  Amendments; Waivers; Additional Grantors; Etc
 25




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Security Agreement Supplement Additional Grantor
 Notices, Etc
 Continuing Security Interest; Assignments under the Credit Agreement
 Release; Termination provided however
 26




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Execution in Counterparts
 The Mortgages
 Section 31. Governing Law . This Agreement shall be governed by, and construed in accordance with,
the laws of the State of New York.
 [Signature Pages Follow]
 27




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GRUBB & ELLIS COMPANYBy
    
    /s/ Richard W. PehlkeName: Richard W. PehlkeTitle: EVP & CFOGRUBB & ELLIS AFFILIATES, INC.By
    
    /s/ Richard W. PehlkeName: Richard W. PehlkeTitle: CFOGRUBB & ELLIS MANAGEMENT SERVICES, INC.By
    
    /s/ Richard W. PehlkeName: Richard W. PehlkeTitle: CFOGRUBB & ELLIS OF ARIZONA, INC.By
    
    /s/ Richard W. PehlkeName: Richard W. PehlkeTitle: CFOGRUBB & ELLIS CONSULTING SERVICES COMPANYBy
    
    /s/ Richard W. PehlkeName: Richard W. PehlkeTitle: CFOGRUBB & ELLIS INSTITUTIONAL PROPERTIES, INC.By
    
    /s/ Richard W. PehlkeName: Richard W. PehlkeTitle: CFO
 28




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GRUBB & ELLIS OF MICHIGAN, INC.By
    
    /s/ Richard W. PehlkeName: Richard W. PehlkeTitle: CFOGRUBB & ELLIS MORTGAGE GROUP, INC.By
    
    /s/ Richard W. PehlkeName: Richard W. PehlkeTitle: CFOGRUBB & ELLIS OF NEVADA, INC.By
    
    /s/ Richard W. PehlkeName: Richard W. PehlkeTitle: CFOGRUBB & ELLIS NEW YORK, INC.By
    
    /s/ Richard W. PehlkeName: Richard W. PehlkeTitle: CFOGRUBB & ELLIS ADVISERS OF CALIFORNIA, INC.By
    
    /s/ Richard W. PehlkeName: Richard W. PehlkeTitle: CFOHSM INC.By
    
    /s/ Richard W. PehlkeName: Richard W. PehlkeTitle: CFO
 29




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WM. A. WHITE/GRUBB & ELLIS INC.By
    
    /s/ Richard W. PehlkeName: Richard W. PehlkeTitle:  CFOLANDAUER HOSPITALITY INTERNATIONAL, INC.By
    
    /s/ Richard W. PehlkeName: Richard W. PehlkeTitle:  CFOLANDAUER SECURITIES, INC.By
    
    /s/ Richard W. PehlkeName: Richard W. PehlkeTitle:  CFOGRUBB & ELLIS MANAGEMENT SERVICES OF MICHIGAN, INC.By
    
    /s/ Richard W. PehlkeName: Richard W. PehlkeTitle:  CFOGRUBB & ELLIS EUROPE, INC.By
    
    /s/ Richard W. PehlkeName: Richard W. PehlkeTitle:  CFONNN REALTY ADVISORS, INC.By
    
    /s/ Michael J. RispoliName:  Michael J. RispoliTitle:  CFO
 30




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GRUBB & ELLIS REALTY INVESTORS, LLCBy
    
    /s/ Michael J. RispoliName:  Michael J. RispoliTitle:  CFOTRIPLE NET PROPERTIES REALTY, INC.By
    
    /s/ Michael J. RispoliName:  Michael J. RispoliTitle:  CFOGRUBB & ELLIS RESIDENTIAL MANAGEMENT, INC.By
    
    /s/ Michael J. RispoliName:  Michael J. RispoliTitle:  CFOGERA PROPERTY ACQUISITION LLCBy
    
    /s/ Richard W. PehlkeName:  Richard W. PehlkeTitle:  CFOGERA 6400 SHAFER LLCBy
    
    /s/ Richard W. PehlkeName:  Richard W. PehlkeTitle:  CFOGERA ABRAMS CENTRE LLCBy
    
    /s/ Richard W. PehlkeName:  Richard W. PehlkeTitle:  CFO
 31




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GRUBB & ELLIS ALESCO GLOBAL ADVISORS, LLCBy
    
    /s/ Joseph WelshName: Joseph WelshTitle: Chief Financial OfficerNNN/ROC APARTMENT HOLDINGS, LLCBy
    
    /s/ Michael J. RispoliName: Michael J. RispoliTitle: CFOGRUBB & ELLIS HOUSING, LLCBy
    
    /s/ Michael J. RispoliName: Michael J. RispoliTitle: CFOGRUBB & ELLIS APARTMENT REIT ADVISOR, LLCBy
    
    /s/ Stanley J. Olander, Jr.Name: Stanley J. Olander, Jr.Title: CEO and PresidentGRUBB & ELLIS HEALTHCARE REIT ADVISOR, LLCBy
    
    /s/ Jeffrey T. HansonName: Jeffrey T. HansonTitle: CEOGRUBB & ELLIS HEALTHCARE REIT II ADVISOR, LLCBy
    
    /s/ Jeffrey T. HansonName: Jeffrey T. HansonTitle: CEO
 32




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NNN ROCKY MOUNTAIN EXCHANGE, LLC.By
    
    /s/ Michael J. RispoliName: Michael J. RispoliTitle: CFONNN 200 GALLERIA MEMBER, LLC.By
    
    /s/ Michael J. RispoliName: Michael J. RispoliTitle: CFO
 33