Document:

EX-10.2

FIRST AMENDMENT TO PURCHASE AND SALE

THIS FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT (the “Amendment”) is made this
21st day of July, 2010, by and between by and between GRUBB & ELLIS EQUITY ADVISORS,
LLC, a Delaware limited liability company (“Buyer”), CLC RE, LLC, a Virginia limited liability
company (“CLC Seller”), and ALBEMARLE HEALTH INVESTORS, LLC, a Virginia limited liability company
(“Albemarle Seller”, and together with CLC Seller, “Seller”).

WITNESSETH

A. Seller and Purchaser are parties to that certain Purchase and Sale Agreement
dated June 28, 2010 relating to seven (7) properties located in the State of Virginia, and the
other property described therein (the “Agreement”).

B. Seller and Purchaser desire to amend the Agreement as provided in this Amendment.

NOW THEREFORE, in consideration of the mutual covenants and agreements contained herein, the
parties hereto, intending to be legally bound hereby, agree as follows:

1. EXTENSION OF DILIGENCE PERIOD. Under the Agreement, the term “Due
Diligence Period” is defined as the period beginning upon the execution of the Agreement and
extending until July 21, 2010. The parties hereby agree that the Due Diligence Period is hereby
extended to July 28, 2010 with respect to the following items: (a) Medicare surveys of the
Property, and (b) the condition of title to the Real Property, including Buyer’s review of title
and survey, and (c) the physical condition of the Property, including without limitation zoning and
code compliance, the condition of the Improvements and all environmental matters. The rights and
obligations of the parties with respect under the Agreement, including without limitation the
rights and obligations with respect to the Initial Deposit, the Additional Deposit and the Final
Deposit that are established by the expiration of the Due Diligence Period shall be determined
based upon the extended Due Diligence Period specified in this Amendment.

2. CLOSING DATE. As used in the Agreement, the term “Closing Date” shall
mean August 20, 2010, which is the thirtieth (30th) day after the expiration of the original Due
Diligence Period prior to its extension pursuant to the terms of this Amendment.

3. MISCELLANEOUS. As amended by this Amendment, the parties hereto agree
that the Agreement remains in full force and effect. This Amendment may be executed in multiple
counterparts, each counterpart being executed by less than all of the parties hereto, and shall be
equally effective as if a single original had been signed by all parties; but all such counterparts
shall be deemed to constitute a single agreement, and this Amendment shall not be or become
effective unless and until each of the signatory parties below has signed at least one such
counterpart and caused the counterpart so executed to be delivered to the other party.

Signatures follow on the next page.

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IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the day and year
first set forth above.

“BUYER”:

GRUBB & ELLIS EQUITY ADVISORS, LLC

By: /s/ Jeffrey T. Hanson

Jeffrey T. Hanson

Chief Executive Officer

IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the day and
year first set forth above.

“SELLER”:

ALBEMARLE SELLER:

ALBEMARLE HEALTH INVESTORS, LLC

a Virginia limited liability company

By: /s/ James R. Pietrzak

James R. Pietrzak

Vice Chairman Manager

CLC SELLER:

CLC RE, LLC

By: CLC HEALTH INVESTORS, LLC

Its Sole Member

By: /s/ James R. Pietrzak

James R. Pietrzak

Vice Chairman Manager

“GUARANTOR”:

/s/ James R. Smith

James R. Smith

/s/ James R. Pietrzak

James R. Pietrzak

2EX-10.3

SECOND AMENDMENT TO PURCHASE AND SALE

THIS SECOND AMENDMENT TO PURCHASE AND SALE AGREEMENT (the “Second Amendment”) is made
effective as of the 28th day of July, 2010, by and between by and between GRUBB & ELLIS
EQUITY ADVISORS, LLC, a Delaware limited liability company (“Buyer”), CLC RE, LLC, a Virginia
limited liability company (“CLC Seller”), and ALBEMARLE HEALTH INVESTORS, LLC, a Virginia limited
liability company (“Albemarle Seller”, and together with CLC Seller, “Seller”).

WITNESSETH

A. Seller and Purchaser are parties to that certain Purchase and Sale Agreement
dated June 28, 2010 relating to seven (7) properties located in the State of Virginia, and the
other property described therein (as previously amended, the “Agreement”).

B. Seller and Purchaser desire to amend the Agreement as provided in this Second
Amendment.

NOW THEREFORE, in consideration of the mutual covenants and agreements contained herein, the
parties hereto, intending to be legally bound hereby, agree as follows:

1. CLOSING DATE. There shall be no modification of the Closing Date as a
result of this Second Amendment.

2. BASTIAN/BLAND REPAIRS. Buyer has informed Seller that Buyer has
identified repairs required in connection with the Bland Property consisting of repairs to the
Improvements constructed on the Bland Property and modifications to the drainage of the Bland
Property. Seller shall perform all such repairs at the direction of Buyer, all at the sole cost
and expense of Seller, not to exceed $125,000. All such repairs shall be subject to the approval
of Buyer, which approval shall not be unreasonably withheld, conditioned or delayed. If such
repairs are not completed as of the Closing, then at Closing a sum equal to 125% of the estimated
cost of completing the remaining repairs (not to exceed $125,000) shall be placed into escrow with
Title Insurer pursuant to a mutually acceptable escrow agreement also executed at Closing. Such
escrow agreement shall provide that any portion of the funds placed into escrow not used to
complete said repairs shall be paid to Seller upon completion of such repairs.

3. AFFIRMATION OF LEASE GUARANTORS. In addition to the items listed in
Section 10 of the Agreement, Seller shall deliver to Title Insurer, together with the other
executed documents required by said Section, a reaffirmation of the obligations of each guarantor
of the Leases other than the guaranty by General Electric Credit of Tennessee in connection with
the Lease for the Willow Creek Property, each in form and substance reasonably satisfactory to
Buyer, which affirmation shall state that the obligations of the guarantor are unaffected by an
assignment of the applicable Lease to Buyer.

4. MISCELLANEOUS. As amended by this Second Amendment, the parties hereto
agree that the Agreement remains in full force and effect. This Second Amendment may be executed
in multiple counterparts, each counterpart being executed by less than all of the parties hereto,
and shall be equally effective as if a single original had been signed by all parties; but all such
counterparts shall be deemed to constitute a single agreement, and this Second Amendment shall not
be or become effective unless and until each of the signatory parties below has signed at least one
such counterpart and caused the counterpart so executed to be delivered to the other party.

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IN WITNESS WHEREOF, the parties hereto have executed this Second Amendment as of the day and
year first set forth above.

“BUYER”:

GRUBB & ELLIS EQUITY ADVISORS, LLC

By: /s/ Andrea R. Biller

Andrea R. Biller

Executive Vice President

July 29, 2010

IN WITNESS WHEREOF, the parties hereto have executed this Second Amendment as of the day
and year first set forth above.

“SELLER”:

ALBEMARLE SELLER:

ALBEMARLE HEALTH INVESTORS, LLC

a Virginia limited liability company

By: /s/ James R. Pietrzak

James R. Pietrzak

Vice Chairman Manager

CLC SELLER:

CLC RE, LLC

By: CLC HEALTH INVESTORS, LLC

Its Sole Member

By: /s/ James R. Pietrzak

James R. Pietrzak

Vice Chairman Manager

“GUARANTOR”:

/s/ James R. Smith

James R. Smith

/s/ James R. Pietrzak

James R. Pietrzak

2EX-10.4

THIRD AMENDMENT TO PURCHASE AND SALE

THIS THIRD AMENDMENT TO PURCHASE AND SALE AGREEMENT (the “Third Amendment”) is made effective
as of the 27th day of August, 2010, by and among GRUBB & ELLIS EQUITY ADVISORS, LLC, a Delaware
limited liability company (“Buyer”), CLC RE, LLC, a Virginia limited liability company (“CLC
Seller”), and ALBEMARLE HEALTH INVESTORS, LLC, a Virginia limited liability company (“Albemarle
Seller”, and together with CLC Seller, “Seller”).

WITNESSETH

A. Seller and Purchaser are parties to that certain Purchase and Sale Agreement
dated June 28, 2010 relating to seven (7) properties located in the State of Virginia, and the
other property described therein (as previously amended, the “Agreement”).

B. Seller and Purchaser desire to amend the Agreement as provided in this Third
Amendment.

NOW THEREFORE, in consideration of the mutual covenants and agreements contained herein, the
parties hereto, intending to be legally bound hereby, agree as follows:

1. DEFINITIONS. All capitalized terms used, but not otherwise defined
herein, shall have the meanings ascribed thereto in the Agreement.

2. PURCHASE PRICE. Notwithstanding anything contained in the Agreement to
the contrary (including without limitation Section 1(h) of the Agreement), for Buyer’s purposes in
connection with financing its acquisition of a portion of the Property, the Purchase Price is
allocated as follows:

	 	(A)	 	Springs Property and Fincastle Property: $6,700,000.00; and

(B) Charlottesville Property, Willow Creek Property, Low Moor Property, Maple Grove
Property, and Bland Property: $38,300,000.00.

3. MISCELLANEOUS. As amended by this Third Amendment, the parties hereto
agree that the Agreement remains in full force and effect. This Third Amendment may be executed in
multiple counterparts, each counterpart being executed by less than all of the parties hereto, and
shall be equally effective as if a single original had been signed by all parties; but all such
counterparts shall be deemed to constitute a single agreement, and this Third Amendment shall not
be or become effective unless and until each of the signatory parties below has signed at least one
such counterpart and caused the counterpart so executed to be delivered to the other party.

The remainder of this page is intentionally blank. Signatures follow on the next page.

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IN WITNESS WHEREOF, the parties hereto have executed this Third Amendment as of the day and
year first set.

“BUYER”:

GRUBB & ELLIS EQUITY ADVISORS, LLC

By: /s/ Andrea R. Biller

Andrea R. Biller

Executive Vice President

August 27, 2010

IN WITNESS WHEREOF, the parties hereto have executed this Second Amendment as of the day
and year first set forth above.

“SELLER”:

ALBEMARLE SELLER:

ALBEMARLE HEALTH INVESTORS, LLC

a Virginia limited liability company

By: /s/ James R. Pietrzak

James R. Pietrzak

Vice Chairman Manager

CLC SELLER:

CLC RE, LLC

By: CLC HEALTH INVESTORS, LLC

Its Sole Member

By: /s/ James R. Pietrzak

James R. Pietrzak

Vice Chairman Manager

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