Exhibit 10.61
 
  THIRD AMENDED AND RESTATED CREDIT AGREEMENT
    GRUBB & ELLIS COMPANY
 Borrower
 THE GUARANTORS NAMED HEREIN
 Guarantors   THE LENDERS NAMED HEREIN
 DEUTSCHE BANK TRUST COMPANY AMERICAS
 Syndication Agent
 DEUTSCHE BANK SECURITIES INC.
 Sole Book-Running Manager and Sole Lead Arranger ,
  DEUTSCHE BANK TRUST COMPANY AMERICAS
 Initial Issuing Bank and Administrative Agent




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T A B L E O F C O N T E N T S
 Section
    
    PageARTICLE I DEFINITIONS AND ACCOUNTING TERMSSECTION 1.01              Certain Defined Terms
    
    
    1SECTION 1.02              Computation of Time Periods; Other Definitional Provisions
    
    
    24SECTION 1.03              Accounting Terms
    
    
    24ARTICLE II AMOUNTS AND TERMS OF THE ADVANCES AND THE LETTERS OF CREDITSECTION 2.01              The Advances and the Letters of Credit
    
    
    25SECTION 2.02              Making the Advances
    
    
    26SECTION 2.03              Issuance of and Drawings and Reimbursement Under Letters of Credit
    
    
    27SECTION 2.04              Repayment of Advances
    
    
    29SECTION 2.05              Termination or Reduction of the Commitments
    
    
    30SECTION 2.06              Prepayments
    
    
    30SECTION 2.07              Interest
    
    
    33SECTION 2.08              Fees
    
    
    34SECTION 2.09              Conversion of Advances
    
    
    34SECTION 2.10              Increased Costs, Etc
    
    
    35SECTION 2.11              Payments and Computations
    
    
    36SECTION 2.12              Taxes
    
    
    37SECTION 2.13              Sharing of Payments, Etc
    
    
    39SECTION 2.14              Use of Proceeds
    
    
    39SECTION 2.15              Defaulting Lenders
    
    
    40SECTION 2.16              Evidence of Obligations
    
    
    42SECTION 2.17              Extension of Termination Date
    
    
    43SECTION 2.18              Lender Pro Rata Shares
    
    
    43ARTICLE III CONDITIONS OF LENDINGSECTION 3.01              Conditions Precedent
    
    
    43SECTION 3.02              Conditions Precedent to Each Borrowing and any Extension
    
    
    47SECTION 3.03              Determinations Under Section 3.01
    
    
    47ARTICLE IV REPRESENTATIONS AND WARRANTIESSECTION 4.01              Representations and Warranties of the Borrower
    
    
    48ARTICLE V COVENANTS OF THE BORROWERSECTION 5.01              Affirmative Covenants
    
    
    54SECTION 5.02              Negative Covenants
    
    
    60SECTION 5.03              Reporting Requirements
    
    
    68SECTION 5.04              [Intentionally Omitted]
    
    
    72ARTICLE VI EVENTS OF DEFAULTSECTION 6.01              Events of Default
    
    
    72




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Section
    
    PageSECTION 6.02              Actions in Respect of the Letters of Credit upon Default
    
    
    75ARTICLE VII THE Administrative AgentSECTION 7.01              Authorization and Action
    
    
    75SECTION 7.02              Administrative Agents Reliance, Etc
    
    
    76SECTION 7.03              DBTCA and Affiliates
    
    
    77SECTION 7.04              Lender Party Credit Decision
    
    
    77SECTION 7.05              Indemnification
    
    
    77SECTION 7.06              Successor Administrative Agents
    
    
    78ARTICLE VIII GUARANTYSECTION 8.01              Guaranty; Limitation of Liability
    
    
    79SECTION 8.02              Guaranty Absolute
    
    
    81SECTION 8.03              Waivers and Acknowledgments
    
    
    82SECTION 8.04              Subrogation
    
    
    82SECTION 8.05              Guaranty Supplements
    
    
    83SECTION 8.06              Subordination
    
    
    83SECTION 8.07              Continuing Guaranty; Assignments
    
    
    84ARTICLE IX MISCELLANEOUSSECTION 9.01              Amendments, Etc
    
    
    84SECTION 9.02              Notices, Etc
    
    
    85SECTION 9.03              No Waiver; Remedies
    
    
    85SECTION 9.04              Costs and Expenses
    
    
    86SECTION 9.05              Right of Set-off
    
    
    87SECTION 9.06              Binding Effect
    
    
    87SECTION 9.07              Assignments and Participations
    
    
    87SECTION 9.08              Execution in Counterparts
    
    
    90SECTION 9.09              No Liability of the Issuing Bank
    
    
    91SECTION 9.10              Confidentiality; Patriot Act
    
    
    91SECTION 9.11              Release of Collateral
    
    
    91SECTION 9.12              Jurisdiction, Etc.
    
    
    91SECTION 9.13              Governing Law
    
    
    92SECTION 9.14              Waiver of Jury Trial
    
    
    92
 ii




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SCHEDULESSchedule I
    
    -
    
    Commitments, Pro Rata Shares and Applicable Lending OfficesSchedule II
    
    -
    
    GuarantorsSchedule III
    
    -
    
    Existing Letters of CreditSchedule IV
    
    -
    
    Real Property AssetsSchedule V
    
    -
    
    Recapitalization PlanSchedule VI
    
    -
    
    Cash Flow ProjectionsSchedule VII
    
    -
    
    Initial Approved BudgetSchedule 2.06(e)(iii)
    
    -
    
    Mandatory Amortization PaymentSchedule 3.01(a)(ii)(F)
    
    -
    
    UCC-1 Financing Statements to be TerminatedSchedule 4.01(b)
    
    -
    
    SubsidiariesSchedule 4.01(d)
    
    -
    
    Authorizations, Approvals, Actions, Notices and FilingsSchedule 4.01(f)
    
    -
    
    Disclosed LitigationSchedule 4.01(p)
    
    -
    
    Labor MattersSchedule 4.01(q)
    
    -
    
    Environmental DisclosureSchedule 4.01(t)
    
    -
    
    Existing DebtSchedule 4.01(v)
    
    -
    
    Existing LiensSchedule 4.01(w)
    
    -
    
    Owned Real PropertySchedule 4.01(x)(i)
    
    -
    
    Leased Real Property (Lessee)Schedule 4.01(x)(ii)
    
    -
    
    Leased Real Property (Lessor)Schedule 4.01(y)
    
    -
    
    InvestmentsSchedule 4.01(z)
    
    -
    
    Material ContractsSchedule 4.01(aa)
    
    -
    
    Intellectual PropertySchedule 4.01(bb)
    
    -
    
    Non-Guarantor SubsidiariesSchedule 4.01(cc)
    
    -
    
    Contingent ObligationsSchedule 4.01(dd)
    
    -
    
    TIC InvestmentsSchedule 4.01(ee)
    
    -
    
    Inactive SubsidiariesSchedule 5.01(r)(i)
    
    -
    
    Post Closing Account Control Agreement AccountsEXHIBITSExhibit A

    -
        Form of Revolving Credit NoteExhibit B

    -
        Form of Notice of BorrowingExhibit C

    -
        Form of Assignment and AcceptanceExhibit D

    -
        Form of Security AgreementExhibit E

    -
        Form of Guaranty SupplementExhibit F

    -
        Form of Opinion of Special Counsel to the Loan PartiesExhibit G

    -
        Form of Compliance CertificateExhibit H

    -
        Form of Budget Reconciliation and Cash Flow Variance ReportExhibit I

    -
        Form of Lender WarrantsExhibit J

    -
        Form of Opinion with Respect to Lender WarrantsExhibit K

    -
        Form of Post Closing Opinion of Special Counsel to the Loan Parties
 iii




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THIRD AMENDED AND RESTATED CREDIT AGREEMENT
 Borrower Lead Arranger DBTCA Initial
Issuing Bank Administrative Agent
 PRELIMINARY STATEMENTS
 Existing
Agreement
   ARTICLE I
 DEFINITIONS AND ACCOUNTING TERMS
 Certain Defined Terms
 Account Control Agreement
 Accounting Change
 Adjusted Excess Cash Flow less
 Administrative Agent
 Administrative Agents Account




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Advance
 Affiliate
 Agreement
 Agreement Value Master Agreement
 Applicable Lending Office
 Applicable Margin provided, however, provided,
however,
 2




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Applicable Paydown Percentage
 Appropriate Lender
 Approved Budget
 Approved Fund
 Assignment and Acceptance
 Available Amount
 Bankruptcy Law
 Base Rate
 Prime Lending Rate
 1 2
  Base Rate Advance
 Beneficial Owner
 Borrower
 Borrowers Account
 3




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Borrower Properties
 Borrowing
 Breakage Indemnity Letter
 Budget Non-Compliance Event
 Budget Reconciliation and Cash Flow Variance Report
 Business Day
 Capital Expenditures
 Capitalized Leases
 Cash Equivalents
 4




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##### 



Cash Flow Projections
 CERCLA
 CERCLIS
 CFC
 Change of Control
 Collateral
 Collateral Account
 Collateral Documents
 Commission Advance Program provided
 Commitment
 5




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Commodity Account Control Agreement
 Compliance Certificate
 Confidential Information
 Consolidated
 Consolidated EBITDA less
 Consolidated Net Income provided
 Contingent Obligation primary obligations primary obligor
 6




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##### 



Continuing Directors
 Conversion Convert Converted
 Current Assets
 Customary Carve-Out Agreement
 DBSI
 DBTCA
 Debt plus provided
 Debt for Borrowed Money
 7




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Default
 Default Interest
 Defaulted Advance
 Defaulted Amount
 Defaulting Lender
 Deposit Account
 Disclosed Litigation
 Disposition Dispose Dispose
of
 Divested Entity
 Domestic Lending Office
 8




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Domestic Subsidiary
 Early Termination Date
 EBITDA
 Effective Date
 Eligible Assignee OECD provided provided however Eligible Assignee
 9




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Environmental Action
 Environmental Law
 Environmental Permit
 Equity Interests
 ERISA
 ERISA Affiliate
 ERISA Event
 10




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Escrow Bank
 Eurocurrency Liabilities
 Eurodollar Lending Office
 Eurodollar Rate minus
 Eurodollar Rate Advance
 Eurodollar Rate Reserve Percentage
 Events of Default
 Existing Agreement
 Existing Agreement Date
 Existing Debt
 Existing Letters of Credit
 Extension Date
 11




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Facility
 Federal Funds Rate
 Fee Letter
 Fiscal Year
 Fixed Charges
 Foreign Subsidiary
 GAAP
 GERA Existing Financing
 GERA Property Acquisition Subsidiaries
 Governmental Authority 
 Governmental Authorization 
 Guaranteed Obligations
 12




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Guarantors
 Guaranty
 Guaranty Supplement
 Hazardous Materials
 Hedge Agreements
 Hedge Bank
 Inactive Subsidiaries
 Indemnified Party
 Initial Issuing Bank
 Initial Lender Parties
 Initial Lenders
 Initial Pledged Debt
 Insufficiency
 Intellectual Property Security Agreement
 Interest Expense
 Interest Period
 13




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##### 



provided however
  provided however
  Interim Mandatory Amortization Payments
 Internal Revenue Code
 Investment Debt provided
 Issuing Bank
 14




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Kojaian Group
 L/C Collateral Account
 L/C Related Documents
 Lead Arranger
 Legacy TIC Syndication
 Lender Party
 Lender Warrants
 Lenders
 Letter of Credit Advance
 Letter of Credit Agreement
 Letter of Credit Commitment
 Letter of Credit Facility
 Letters of Credit
 Lien
 15




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Limited Joint Venture
 Limited Purpose Subsidiary
 Loan Documents
 Loan Parties
 Mandatory Amortization Date
 Mandatory Amortization Payment
 Mandatory Prepayment Event
 Margin Stock
 Material Adverse Change
 Material Adverse Effect
 Material Contract
 Measurement Period
 Mortgages
 16




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Multiemployer Plan
 Multiple Employer Plan
 Net Cash Proceeds
 17




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##### 



Non-Recourse Debt Non-Recourse Mezzanine Financing Customary Carve-Out Agreement
 Non-Recourse Mezzanine Financing
 Note
 Notice of Borrowing
 NPL
 Obligation
 OECD
 18




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##### 



Off Balance Sheet Obligation
 Other Taxes
 Participant
 Patriot Act
 PBGC
 Permitted Cash Reserves plus
 Permitted Liens
 Permitted Variance
 19




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Person
 Plan
 Pledged Debt
 Pledged Equity
 Post-Petition Interest
 Preferred Interests
 Pre-Negotiation Agreement
 Prepayment Failure Event
 Property
 Property-Level Subsidiary
 Pro Rata Share Revolver B Pro Rata Share times provided that
 Real Property Assets
 Recapitalization Plan
 Redeemable
 20




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Register
 Regulation U
 Required Lenders provided however,
 Restricted Investment
 Restricted Payments
 Revised Approved Budget
 Revolver A Pro Rata Share times provided that
 Revolving Credit A Advance
 Revolving Credit Advance
 Revolving Credit B Advance
 Revolving Credit A Borrowing
 21




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Revolving Credit Borrowing
 Revolving Credit B Borrowing
 Revolving Credit A Commitment
 Revolving Credit B Commitment
 Revolving Credit Commitment
 Revolving Credit A Facility
 Revolving Credit B Facility
 Revolving Credit Facility
 Revolving Credit A Lender
 Revolving Credit B Lender
 Revolving Credit Lender
 Revolving Credit Note
 Secured Hedge Agreement
 Secured Obligations
 22




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Secured Parties
 Securities Account
 Securities Account Control Agreement
 Security Agreement
 Single Employer Plan
 Solvent Solvency
 Subordinated Obligations
 Subsidiaries Guaranty
 Subsidiary
 Supplemental Collateral Agent
 Swing Line Bank
 Taxes
 23




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Termination Date Early Termination Date
 Type
 Unused Revolving Credit B Commitment minus plus
 Voting Interests
 Warrant Agreement
 Welfare Plan
 Withdrawal Liability
 Computation of Time Periods; Other Definitional Provisions from to until as amended
 Accounting Terms GAAP
 24




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##### 



Accounting Change
 ARTICLE II
 AMOUNTS AND TERMS OF THE ADVANCES
AND THE LETTERS OF CREDIT
 The Advances and the Letters of Credit
 The Revolving Credit A Advances Revolving Credit A Advance
 The Revolving Credit B Advances Revolving Credit B Advance
 25




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##### 



The Letters of Credit Letters of Credit
 Making the Advances Notice of Borrowing
    26




---



##### 



Drawings and Reimbursement Under Letters of Credit
 Letter of Credit Reports
 Letter of Credit Participations; Drawing and Reimbursement Participant
 27




---



##### 



28




---



##### 



Repayment of Advances Revolving Credit A Advances
 Revolving Credit B Advances
  Letter of Credit Advances
  L/C Related Documents
     29




---



##### 



provided however
 first second third
 Termination or Reduction of the Commitments Optional provided however
 Mandatory
  Prepayments Optional
 30




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##### 



provided however
 Mandatory Prepayment of the Revolving Credit B Advances
   Change of Control Prepayment
 Payments with Interest
 Other Mandatory Prepayment Events th provided however
 Mandatory Prepayment Event
    31




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##### 



provided, however first second provided further first second
 Mandatory Amortization Payment Mandatory Amortization Date provided however Prepayment Failure Event provided, however
   Interim Mandatory Amortization Payments
  32




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##### 



Revised Approved Budget
  Interest Scheduled Interest
 Base Rate Advances plus
 Eurodollar Rate Advances plus
 Default Interest Default Interest provided however
 33




---



##### 



Notice of Interest Period and Interest Rate
 Fees Unused Commitment Fees provided however provided further
  Fees to the Administrative Agent
 Restatement Fee
 Conversion of Advances Optional provided however
 Mandatory
 34




---



##### 



Increased Costs, Etc
   35




---



##### 



provided however
 Payments and Computations
   36




---



##### 



provided however
  Taxes excluding, Taxes
 37




---



##### 



Other Taxes
  United States United
States person
 provided however
 38




---



##### 



other
than provided however
 Sharing of Payments, Etc provided however provided further
 Use of Proceeds
 39




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Defaulting Lenders
  40




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##### 



first
 second,
 third,
  Escrow Bank
 first
 41




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##### 



second
 third
 fourth
   Evidence of Obligations
  prima facie provided however
 42




---



##### 



Extension of Termination Date Extension Date provided if and only if
  Lender Pro Rata Shares
 ARTICLE III
 CONDITIONS OF LENDING
 Conditions Precedent Effective Date
  43




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Security Agreement
          44




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##### 



45




---



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Disclosed Litigation
       46




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##### 



Conditions Precedent to Each Borrowing and any Extension
      provided however
     Determinations Under Section 3.01
 47




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ARTICLE IV
 REPRESENTATIONS AND WARRANTIES
 Representations and Warranties of the Borrower
    48




---



##### 



49




---



##### 



50




---



##### 



51




---



##### 



52




---



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Inactive Subsidiaries
  53




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ARTICLE V
 COVENANTS OF THE BORROWER
 Affirmative Covenants
 Compliance with Laws, Etc
 Payment of Taxes, Etc provided however
 Compliance with Environmental Laws provided however
 Maintenance of Insurance
 54




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##### 



Preservation of Corporate Existence, Etc provided however provided further
 Visitation Rights
 Keeping of Books
 Maintenance of Properties, Etc
 Transactions with Affiliates provided
 Covenant to Guarantee Obligations and Give Security
  55




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##### 



provided
   56




---



##### 



provided however
   Further Assurances
  57




---



##### 



Preparation of Environmental Reports
 Compliance with Terms of Leaseholds
 Cash Concentration Accounts
 Interest Rate Hedging
 Performance of Material Contracts
 Inactive Subsidiaries
 58




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##### 



provided, however, th
 Post Closing Matters
      Sale of Danbury Real Property
 Sale of Real Property
 59




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##### 



provided
 2008 Form 10-K
  Approved Budget
 Recapitalization Plan provided, however,
 Permitted Cash Reserves
 Net Proceeds of Mandatory Prepayment Events
 Negative Covenants
 Liens, Etc
 60




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##### 



provided
 provided however
   provided
   Debt and Preferred Interests
   61




---



##### 



provided
     provided provided further provided still
further
 62




---



##### 



provided
  provided, however,
  provided however
 Change in Nature of Business
 Mergers, Etc
 63




---



##### 



provided provided further
     provided however
 Sales, Etc., of Assets
      64




---



##### 



Investments
           Restricted Payments Restricted Payments
 Lease Obligations
 65




---



##### 



Amendments of Constitutive Documents
 Accounting Changes
 Prepayments, Etc., of Debt
 Negative Pledge provided however
 Partnerships, Etc provided however Restricted Investment provided
 66




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##### 



Speculative Transactions
 Formation of Subsidiaries
 Payment Restrictions Affecting Subsidiaries
 Amendment, Etc., of Material Contracts
 67




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##### 



Bonuses
 Subsidiary Debt
 Capital Expenditures
 Legacy TIC Syndication
 ACH Payments
 Approved Budget
 Recapitalization Plan
 Fixed Charges
 Inactive Subsidiaries
 Reporting Requirements
 Default Notice
 68




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##### 



Annual Financials provided, however provided
 Quarterly Financials provided
 Monthly Financials
 69




---



##### 



Budget Reconciliation and Cash Flow Variance Budget Reconciliation and Cash Flow Variance Report Permitted Variance provided, however, Budget
Non-Compliance Event
 Approved Budget and Cash Flow Projection Approved Budget
 70




---



##### 



Recapitalization Plan Status Reports
  Litigation
 Securities Reports
 Agreement Notices
 ERISA ERISA Events and ERISA Reports
 71




---



##### 



Plan Terminations
 Plan Annual Reports
 Multiemployer Plan Notices
 Environmental Conditions
 Other Information
  ARTICLE VI
 EVENTS OF DEFAULT
 Events of Default Events of Default
    72




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##### 



provided however
 73




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##### 



74




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##### 



provided however
 Actions in Respect of the Letters of Credit upon Default
 ARTICLE VII
 THE ADMINISTRATIVE AGENT
 Authorization and Action provided however
  75




---



##### 



Supplemental Collateral Agent provided however
 Administrative Agents Reliance, Etc
 76




---



##### 



DBTCA and Affiliates
 Lender Party Credit Decision
 Indemnification Indemnified Costs provided however
  77




---



##### 



provided however
 provided
 Successor Administrative Agents provided however
 78




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##### 



th
 ARTICLE VIII
 GUARANTY
 Guaranty; Limitation of Liability Guaranteed Obligations
  79




---



##### 



80




---



##### 



Guaranty Absolute
         81




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##### 



Waivers and Acknowledgments
      Subrogation
 82




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##### 



Guaranty Supplements Guaranty Supplement Additional Guarantor Guarantor Guarantor this Guaranty hereunder hereof Guaranty thereunder thereof
 Subordination Subordinated Obligations
 Prohibited Payments, Etc
 Prior Payment of Guaranteed Obligations Post-Petition Interest
 83




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##### 



Turn-Over
 Administrative Agent Authorization
 Continuing Guaranty; Assignments
 ARTICLE IX
 MISCELLANEOUS
 Amendments, Etc provided however
 84




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##### 



provided further provided
further
 Notices, Etc
 No Waiver; Remedies
 85




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##### 



Costs and Expenses
 Indemnified Party
  86




---



##### 



Right of Set-off provided however
 Binding Effect
 Assignments and Participations provided however
 87




---



##### 



88




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##### 



Register
  provided however
 provided however
 provided however
 89




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##### 



provided
 Granting
Lender SPC provided
 Execution in Counterparts
 90




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##### 



No Liability of the Issuing Bank
 Confidentiality; Patriot Act provided
 Release of Collateral
 Jurisdiction, Etc
 91




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##### 



Governing Law
 Waiver of Jury Trial
 Pre-Negotiation Agreement
 Limited Waiver
  92




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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




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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: CFOWM. A. WHITE/GRUBB & ELLIS INC.By
    
    /s/ Richard W. PehlkeName: Richard W. PehlkeTitle: CFO




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




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GRUBB & 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: CFOGRUBB & 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 President




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GRUBB & ELLIS HEALTHCARE REIT ADVISOR, LLCBy
    
    /s/ Jeffery T. HansonName:  Jeffery T. HansonTitle:     CEOGRUBB & ELLIS HEALTHCARE REIT II ADVISOR, LLCBy
    
    /s/ Jeffery T. HansonName:  Jeffery T. HansonTitle:     CEONNN ROCKY MOUNTAIN EXCHANGE, LLCBy
    
    /s/ Michael J. RispoliName:  Michael J. RispoliTitle:     CFONNN 200 GALLERIA MEMBER, LLCBy
    
    /s/ Michael J. RispoliName:  Michael J. RispoliTitle:     CFO
 ACKNOWLEDGED ANDAGREED TO WITH RESPECT TOSECTIONS 2.06(e) and 5.01(s):GERA DANBURY LLCBy:
    
    /s/ Richard W. PehlkeName:  Richard W. PehlkeTitle:    CFO




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DEUTSCHE BANK TRUST COMPANYAMERICAS, as Administrative Agent,Initial Lender, Initial Issuing BankBy
    
    /s/ James RolisonName:  James RolisonTitle:    Managing
DirectorBy
    
    /s/ George R. ReynoldsName:  George R. ReynoldsTitle:    Director




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JPMORGAN CHASE BANK, N.A.,as a LenderBy
    
    /s/ Jacqueline P. YardleyName: Jacqueline P. YardleyTitle: Senior Vice President




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KEYBANK NATIONAL ASSOCIATION,as a LenderBy
    
    /s/ James T. FreelName: James T. FreelTitle: Senior Vice President




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FIFTH THIRD BANK,as a LenderBy
    
    /s/ Matthew D. RodgersName: Matthew D. RodgersTitle: Vice President