Exhibit 99.1
 LIMITED WAIVER
 Dated as of April 14, 2009Deutsche Bank Trust Company Americas,as Administrative Agent under theCredit Agreement referred to below60 Wall StreetNew York, New York 10005
 Re: Grubb & Ellis Company Credit Facility
  Credit Agreement Borrower Guarantors Administrative
Agent Lender Parties
 Waiver Period
  Limited Waiver




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Very truly yours,BORROWERGRUBB & ELLIS COMPANYBy:
    /s/ Richard W. PehlkeName:
    Richard W. PehlkeTitle:
    EVP-CFO (Signatures continued on next page)
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DEUTSCHE BANK TRUST COMPANY AMERICAS
 By:

/s/
James RolisonName: James RolisonTitle: Managing DirectorBy
    
    /s/ Perry FormanName: Perry FormanTitle: Director
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KEYBANK, NATIONAL ASSOCIATION
 By
    
    /s/ James T. FreelName: James T. FreelTitle: Senior Vice President
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JPMORGAN CHASE BANK, N.A.
 By
    
    /s/ Michael J. BurkeName: Michael  J. BurkeTitle: SVP
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FIFTH THIRD BANK,
 By
    
    /s/ Matthew D. RodgersName: Matthew D. RodgersTitle: Vice President
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CONSENT
   GUARANTORS:
GRUBB & ELLIS AFFILIATES, INC.By
    /s/ Richard W. PehlkeName:
    Richard W. PehlkeTitle:
    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 ASSET SERVICES COMPANYBy
    /s/ Richard W. PehlkeName:
    Richard W. PehlkeTitle:
    CFO ( Signatures continued on next page)
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GRUBB & ELLIS CONSULTING SERVICES COMPANYBy
    /s/ Richard W. PehlkeName:
    Richard W. PehlkeTitle:
    CFOGRUBB & ELLIS INSTITUTIONAL PROPERTIES, INC.By
    /s/ Richard W. PehlkeName:
    Richard W. PehlkeTitle:
    CFOGRUBB & 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:
    CFO ( Signatures continued on next page)
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GRUBB & ELLIS ADVISERS OF CALIFORNIA, INC.By
    /s/ Richard W. PehlkeName:
    Richard W. PehlkeTitle:
    CFOGRUBB & ELLIS SOUTHEAST PARTNERS, INC.By
    /s/ Richard W. PehlkeName:
    Richard W. PehlkeTitle:
    CFOHSM INC.By
    /s/ Richard W. PehlkeName:
    Richard W. PehlkeTitle:
    CFOWM. 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:
    CFO ( Signatures continued on next page)




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GRUBB & 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 RispoliName:
    Michael RispoliTitle:
    CFOGRUBB & ELLIS REALTY INVESTORS, LLCBy:
    /s/ Michael RispoliName:
    Michael RispoliTitle:
    CFOTRIPLE NET PROPERTIES REALTY INC.By:
    /s/ Michael RispoliName:
    Michael RispoliTitle:
    CFOGRUBB & ELLIS RESIDENTIAL MANAGEMENT INC.By:
    /s/ Michael RispoliName:
    Michael RispoliTitle:
    CFO