Document:

EX-10.3

November 14, 2008

Mr. Scott D. Peters

1551 North Tustin Avenue

Suite 300

Santa Ana, CA 92705

Dear Scott:

As you are aware, the Board of Directors of Grubb & Ellis Healthcare REIT, Inc. (the
“Company”) desires to become self-managed. As an initial step, we are hiring you to
spearhead this endeavor.

On November 11, 2008, the Board of Directors of the Company approved the terms of your initial
compensation arrangement with the Company, which will be re-evaluated after six (6) months, as
described below. This letter agreement (“Letter Agreement”) sets forth the terms and
conditions of your initial compensation package and your employment arrangement as Chief Executive
Officer and President of the Company, as approved by the Board of Directors of the Company (the
“Board”). After you have reviewed the terms of this Letter Agreement, please sign below to
signify your acceptance.

You are hereby employed as of November 1, 2008 as the Chief Executive Officer and President of
the Company. In your capacity as Chief Executive Officer and President of the Company, you will
have the duties, responsibilities and authority commensurate with such position as shall be
assigned to you by the Board. In your capacity as Chief Executive Officer and President of the
Company, you will report directly to the Board.

Your employment shall be for a term beginning on November 1, 2008 and ending on November 1,
2010 (the “Employment Period”), unless terminated earlier as described below. The Letter
Agreement will expire at midnight on that date. During the Employment Period, the Company
understands that you intend to live in Arizona and to perform the services hereunder primarily at
the Company’s offices located in or near Phoenix, Arizona or Scottsdale, Arizona. You acknowledge
and agree that the nature of the Company’s business will require you to travel from time to time.

During the Employment Period, you will be entitled to four (4) weeks of paid vacation time per
calendar year, and accrual of vacation time is capped at a maximum of five (5) weeks. A maximum of
one (1) week of any unused vacation may carry over from calendar year to calendar year in
accordance with the general policies of the Company and subject to applicable law.

During the Employment Period, you agree to devote your full business time and best efforts to
the business and affairs of the Company and, to the extent necessary to discharge the
responsibilities assigned to you hereunder, to use your best efforts to perform faithfully and
efficiently such responsibilities. During the Employment Period it will not be a violation of this
Letter Agreement for you to (A) serve on corporate, civic or charitable boards or committees, (B)
deliver lectures, fulfill speaking engagements or teach at educational institutions and (C) manage
personal investments, so long as such activities do not interfere with the performance of your
responsibilities as an employee of the Company in accordance with this Letter Agreement and do not
involve competition with the Company or any other actual or apparent conflict of interest with the
Company. You agree that you shall not otherwise perform any services for any other business or be
employed or engaged as a consultant by any other person or enterprise during the Employment Period.

Effective November 1, 2008, your initial annual base salary has been set at the annual rate of
three hundred fifty thousand dollars ($350,000.00) (“Base Salary”), payable in semi-monthly
installments. During the Employment Period, you will be eligible to receive an annual cash bonus,
based upon the achievement of performance goals set by the Compensation Committee of the Board (the
“Committee”) from time to time, after discussion of such goals with you. The amount of any
such bonus and the decision as to whether to pay such a bonus shall be in the sole discretion of
the Company. The maximum annual bonus payable to you upon the achievement of the applicable
performance goals initially has been set at one hundred percent (100%) of your Base Salary. The
Company will pay your annual bonus, if any, no later than March 15 of the year following the year
in which you earned the bonus. Your maximum bonus for fiscal year 2008, if any, will be prorated
based on the number of days that you were employed by the Company during such fiscal year. These
Base Salary and bonus terms shall be subject to review and modification by the Company in its sole
discretion at any time after April 30, 2009, as described below.

We understand that, upon your separation from Grubb & Ellis Company, you elected to continue
participation in Grubb & Ellis Company’s group medical, dental, vision and/or prescription drug
plan benefits under Section 4980B of the Internal Revenue Code (COBRA). During the six month
period beginning on November 1, 2008, and ending on April 30, 2009, we will pay your applicable
monthly premium under COBRA for participation in such plans subject to the condition that you
remain eligible for participation in those plans. At the conclusion of such six month period, in
connection with its review of your compensation arrangement described below, the Committee will
evaluate alternatives for medical, dental, vision and/or prescription drug plan coverage for you.
Any decisions made with respect to such coverage will be made by the Committee, after consultation
with you, but in the Committee’s sole discretion.

On November 14, 2008 (the “Grant Date”), the Board granted you forty thousand (40,000)
restricted shares of the Company’s common stock (the “Restricted Shares”). Subject to your
continued employment by the Company through each vesting date, the Restricted Shares will vest and
become non-forfeitable in equal annual installments of 33-1/3% each, on the first, second and third
anniversaries of the Grant Date. The Restricted Shares will be granted pursuant to, and will be
subject to the terms and conditions of, the NNN Healthcare/Office REIT, Inc. 2006 Incentive Plan
and the Company’s standard Restricted Stock Agreement. If there is any inconsistency or ambiguity
among this Letter Agreement, the Plan or the Restricted Stock Agreement, the Plan shall prevail.

Nothing in any of the Company’s personnel policies will be deemed to constitute a contract of
employment or otherwise to be contractually binding. At all times, your employment with the
Company is “at-will” which means that you may resign at any time for any reason and the Company may
terminate your employment at any time for any reason, with or without advance notice. If your
employment is terminated for any reason, this Letter Agreement will terminate automatically and the
Company shall have no further obligations to you, other than for payment of your base salary
through the date of termination to the extent not theretofore paid. Notwithstanding the foregoing,
if, during the Employment Period, the Company terminates your employment other than for Cause or
Disability (each as defined below), and, within forty-five (45) days after your date of
termination, you enter into a separation agreement including a general release of claims and
obligations against Company and its affiliates in a form and substance acceptable to the Company,
then you will be entitled to (A) a severance payment equal to 0.5 times your Base Salary, payable
in a lump sum in cash within sixty (60) days after your date of termination, the exact payment date
to be determined by the Company but in no event earlier than eight (8) days after you execute the
separation agreement; and (B) a payment equal to a pro-rata portion of your annual bonus for the
performance year in which your date of termination occurs, determined by multiplying a fraction,
the numerator of which is the number of days during the performance year of termination that you
are employed by the Company and the denominator of which is 365, by the amount you would be able to
receive if the date of termination were the end of the performance year. The bonus payment
described in (B) will be payable to you in a lump sum in cash within sixty (60) days after your
date of termination, but in no event earlier than eight (8) days after you execute the separation
agreement.

For purposes of this Letter Agreement, “Cause” shall consist of any of the following (i) your
failure to meet performance standards agreed upon by you and the Board; (ii) your failure to follow
the lawful directions of the Board; (iii) any act of fraud, misappropriation, dishonesty or
embezzlement by you, whether or not such act was committed in connection with the business of the
Company; (iv) your breach of this Letter Agreement that is not cured by you within thirty (30) days
of written notice by the Company; (v) your failure to abide by laws applicable to you in your
capacity as an employee, executive or representative of Company or applicable to Company or any of
its parents or subsidiaries; (vi) your conviction of, or plea of guilty or nolo contendere to, the
commission of a felony or a crime involving moral turpitude (including pleading guilty or nolo
contendere to a felony or lesser charge which results from plea bargaining), whether or not such
felony, crime or lesser offense is connected with the business of the Company; or (vii) violation
of the Company’s policy against harassment or its equal employment opportunity policy or a material
violation of any other policy or procedure of the Company.

For purposes of this Letter Agreement, “Disability” shall mean your inability to perform the
essential functions of your job, with or without reasonable accommodation for a period of at least
ninety (90) substantially continuous days.

This Letter Agreement shall be interpreted and administered in a manner so that any amount or
benefit payable hereunder shall be paid or provided in a manner that is either exempt from or
compliant with the requirements Section 409A of the Internal Revenue Code (the “Code”) and
applicable Internal Revenue Service guidance and Treasury Regulations issued thereunder (and any
applicable transition relief under Section 409A of the Code).

Notwithstanding anything in this Letter Agreement to the contrary, to the extent that any
amount or benefit that would constitute non-exempt “deferred compensation” for purposes of Section
409A of the Code would otherwise be payable or distributable hereunder by reason of your
termination of employment, such amount or benefit will not be payable or distributable to you by
reason of such circumstance unless (i) the circumstances giving rise to such termination of
employment meet any description or definition of “separation from service” in Section 409A of the
Code and applicable regulations (without giving effect to any elective provisions that may be
available under such definitions), or (ii) the payment or distribution of such amount or benefit
would be exempt from the application of Section 409A of the Code by reason of the short-term
deferral exemption or otherwise. If this provision prevents the payment or distribution of any
amount or benefit, such payment or distribution shall be made on the date, if any, on which an
event occurs that constitutes a Section 409A-compliant “separation from service,” or such later
date as may be required by the following paragraph.

If any amount or benefit that would constitute non-exempt “deferred compensation” for purposes
of Section 409A of the Code would otherwise be payable or distributable under this Letter Agreement
by reason of your separation from service during a period in which you are a “specified employee”
(as defined in Section 409A of the Code and applicable regulations), then payment or commencement
of such non-exempt amounts or benefits shall be delayed until the earlier of (i) thirty (30) days
following your death, or (ii) the first day of the seventh month following your separation from
service.

In connection with the Board’s approval of the terms of your compensation and employment
arrangement as provided herein, it reserved the right to review and revise such terms after a
period of six months (approximately April 30, 2009). At such time and at any time thereafter, the
Board or the Committee may, in its sole discretion, change the terms of your employment arrangement
and compensation provided herein, including, but not limited to, increasing or decreasing the rate
of your annual base salary and/or your annual cash bonus opportunity. Notwithstanding the
foregoing, in connection with such six month review of your compensation arrangement, the Company
will not decrease your annual base salary by more than twenty percent (20%) from the Base Salary
provided herein. In its six-month review, the Board or the Committee will consider, among other
things, your performance and the Company’s performance. After this initial six-month period, the
Board or the Committee will review your compensation at least annually and may increase or decrease
your compensation and/or your annual cash bonus opportunity from year to year. The annual review
of your compensation by the Board or the Committee will consider, among other things, your own
performance, and the Company’s performance.

You agree that upon termination of this Letter Agreement or your employment or at any time
upon request of the Company, you shall return to the Company immediately any and all records,
files, software, software code, memoranda, reports, price lists, customer lists, drawings, plans,
sketches, documents, technical information, contracts, sales or marketing materials, personnel
information financial information, and the like (together with all copies of such documents and
things) relating to the business of Company and all other property of the Company and shall not
retain or provide to others any copies, excerpts, summaries, abstracts or other representations
thereof.

The provisions of this Letter Agreement are severable from one another and the invalidity of
one part of the Letter Agreement shall not invalidate any other part.

This Letter Agreement shall be deemed to be made in and shall in all respects be interpreted,
construed and governed by and in accordance with the laws of the State of Maryland (without giving
effect to the conflict of law principles thereof). No provision of this Agreement or any related
documents shall be construed against, or interpreted to the disadvantage of either of us by any
court or any governmental or judicial authority by reason of either of us having, or being deemed
to have, structured or drafted such provision or any portion of this Letter Agreement.

This Letter Agreement is intended to be the final expression of our agreement with respect to
the subject matter hereof and this is the complete and exclusive statement of the terms of that
agreement, notwithstanding any representations, statements or agreements to the contrary made by
either of us. This Agreement supersedes any former agreements governing the same subject matter.
This Letter Agreement may not be amended or modified otherwise than by a written agreement executed
by the parties hereto or their respective successors and legal representatives.

If the foregoing is acceptable to you, please so indicate by signing a copy of this letter
where indicated below and returning it to the undersigned.

Very truly yours,

GRUBB & ELLIS HEALTHCARE REIT, INC.

By: /s/ Andrea R. Biller

Andrea R. Biller

Executive Vice President

Agreed and accepted this 14th day of November, 2008.

/s/ Scott D. Peters

Scott D. PetersEX-10.(q)(7)

CREDIT ACCEPTANCE CORPORATION

RESTRICTED STOCK UNIT AWARD AGREEMENT

Credit Acceptance Corporation (the “Corporation”) hereby grants you, Ken Booth (the
“Participant”), a Restricted Stock Unit Award (the “Award”) under the Credit Acceptance Corporation
2004 Incentive Compensation Plan, dated as of April 1, 2004 and approved by the shareholders of the
Corporation on May 13, 2004 (the “Plan”). The terms and conditions of the Award are set forth
below.

GRANT DATE:  November 13, 2008

NUMBER OF RESTRICTED STOCK UNITS:  22,500

PERFORMANCE PERIOD:  2009 through 2013

PERFORMANCE MEASURE: Restricted Stock Units will vest based upon percentage growth in Economic
Profit as set forth in Appendix A to this Agreement.

THIS AGREEMENT, effective November 13, 2008, represents the grant of Restricted Stock Units by
the Corporation to the Participant named above, pursuant to the provisions of the Plan and this
Agreement. All capitalized terms shall have the meanings ascribed to them in the Plan, unless
specifically set forth otherwise herein. The parties hereto agree as follows:

	1.	 	Performance Period. The Performance Period commences on January 1, 2009, and ends on
December 31, 2013.

	2.	 	Value of Restricted Stock Units. Each Restricted Stock Unit shall represent and have
a value equal to one share of common stock, par value $0.01, of the Company, subject to
adjustment as provided in Section 6.03 of the Plan.

	3.	 	Restricted Stock Units and Achievement of Performance Goal. The number of Restricted
Stock Units to be earned under this Agreement, shall be based upon the Company’s increase in
adjusted Economic Profit as approved by the Compensation Committee as compared to the targets
set forth in Appendix A to this Agreement.

	4.	 	Termination Provisions. Except as provided in Section 11 (a) of this Agreement,
Participant shall be eligible for payment of earned Restricted Stock Units, as specified in
Section 3, regardless of the Participant’s employment with the Company through the end of the
Performance Period.

	5.	 	Dividend Equivalents. During the Performance Period, the Company shall credit to
Participant, on each date that the Company pays a cash dividend to holders of common stock
generally, an additional number of Restricted Stock Units (“Additional Restricted Stock
Units”) equal to the total number of whole Restricted Stock Units and Additional Restricted
Stock Units previously credited to Participant under this Agreement multiplied by the dollar
amount of the cash dividend paid per share of common stock by the Company on such date,
divided by the closing price of a share of common stock on such date. Any fractional
Restricted Stock Unit resulting from such calculation shall be included in the Additional
Restricted Stock Units. A report showing the number of Additional Restricted Stock Units so
credited shall be sent to Participant periodically, as determined by the Company. The
Additional Restricted Stock Units so credited shall be subject to the same terms and
conditions as the Restricted Stock Units granted pursuant to this Agreement and the Additional
Restricted Stock Units shall be forfeited in the event that the Restricted Stock Units with
respect to which the dividend equivalents were paid are forfeited.

	6.	 	Form and Timing of Restricted Stock Units. Other than a Change of Control, payment
of the earned Restricted Stock Units shall be made in stock. Payment of earned Restricted
Stock Units shall be made on February 22, 2016.

	7.	 	Tax Withholding. The Company shall have the power and the right to deduct or
withhold, or require the Participant or beneficiary to remit to the Company, an amount
sufficient to satisfy federal, state, and local taxes, domestic or foreign, required by law or
regulation to be withheld with respect to any taxable event arising as a result of this
Agreement.

	8.	 	Nontransferability. Restricted Stock Units may not be sold, transferred, pledged,
assigned or otherwise alienated or hypothecated, other than by will or by the laws of descent
and distribution.

	9.	 	Administration. This Agreement and the rights of the Participant hereunder are
subject to all the terms and conditions of the Plan, as the same may be amended from time to
time, as well as to such rules and regulations as the Committee may adopt for administration
of the Plan. It is expressly understood that the Committee is authorized to administer,
construe, and make all determinations necessary or appropriate to the administration of the
Plan and this Agreement, all of which shall be binding upon the Participant. Any
inconsistency between the Agreement and the Plan shall be resolved in favor of the Plan.

	10.	 	Specific Restrictions upon Shares. The Participant hereby agrees with the Company as
follows:

	 	a.	 	The Participant shall acquire the shares issuable with respect to the
Restricted Stock Units granted hereunder for investment purposes only not with a view
of resale or other distribution thereof to the public in violation of the Securities
Act of 1933, as amended (the “1933 Act”) and shall not dispose of any such shares in
transactions which, in the opinion of counsel to the Company, violate the 1933 Act, or
the rules and regulations thereunder, or any applicable state securities or “blue Sky”
laws.

	 	b.	 	If any shares acquired with respect to the Restricted Stock Units shall be
registered under the 1933 Act, no public offering (otherwise than on a national
securities exchange, as defined in the Exchange Act) of any such shares shall be made
by the Participant under such circumstances that he or she (or such other person) may
be deemed an underwriter, as defined in the 1933 Act; and

	11.	 	Miscellaneous.

	 	a.	 	Change in Control. As provided by Section 6.02 of the Plan, in the event of
a Change in Control, the restrictions applicable to the Restricted Stock Units granted
under this Agreement shall lapse, the Performance Goal shall be deemed to have been
achieved at target level, and all other terms and conditions shall be deemed to have
been satisfied. The price for each RSU shall be the price as of the date of the
occurrence of the change of control. Subject to Section 11(h) of this Agreement,
payment shall be made in cash within thirty (30) days following the effective date of
the Change in Control.

	 	b.	 	Adjustments to Shares. Subject to Plan Section 6.03, in the event of any
merger, reorganization, recapitalization, stock dividend, stock split, extraordinary
distribution with respect to the Stock or other change in corporate structure
affecting the Stock, the Committee or Board of Directors of the Company will make such
substitution or adjustments in the aggregate number and kind of shares of Stock
subject to this Restricted Stock Unit Award to prevent dilution of rights.

	 	c.	 	Notices. Any written notice required or permitted under this Agreement shall
be deemed given when delivered personally, as appropriate either to the Participant or
to the Human Resources Department of the Company, or when deposited in a United States
Post Office as registered mail, postage prepaid, addressed as appropriate either to
the Participant at his or her address as he or she may designate in writing to the
Company, or to the Attention: Human Resources Department, Credit Acceptance
Corporation, at its headquarters office or such other address as the Company may
designate in writing to the Participant.

	 	d.	 	Failure to Enforce Not a Waiver. The failure of the Company to enforce at
any time any provision of this Agreement shall in no way be construed to be a waiver
of such provision or of any other provision hereof.

	 	e.	 	Governing Law. All questions concerning the construction, validity and
interpretation of this Agreement shall be governed by and construed according to the
laws of the State Michigan.

	 	f.	 	Provision of Plan. The Restricted Stock Units provided for herein and
granted pursuant to the Plan, and said Restricted Stock Units and this Agreement are
in all respects governed by the Plan and subject to all of the terms and provisions
thereof, whether such terms and provisions are incorporated in this Agreement, solely
by reference or expressly cited herein. If there is any inconsistency between the
terms of this Agreement and the terms of the Plan, the Plan’s terms shall completely
supersede and replace the conflicting terms of this Agreement.

	 	g.	 	Code section 162(m). It is intended that payments pursuant to this Agreement
to a Participant who is a “covered officer” within the meaning of section 162(m) of
the Internal Revenue Code constitute “qualified performance-based compensation” within
the meaning of section 1.162.27(e) of the Income Tax Regulations. To the maximum
extent possible, this Agreement and the Plan shall be so interpreted and construed.

	 	h.	 	Section 16 Compliance. If the Participant is subject to Section 16 of the
Exchange Act, except in the case of death or disability, or unless otherwise exempt,
at least six months must elapse from the date of vesting of the Restricted Stock Units
granted hereunder to the date of the Participant’s disposition of such Restricted
Stock Units or the underlying shares of stock.

IN WITNESS WHEREOF, the Credit Acceptance Corporation has executed this Agreement in duplicate on
the 13th day of November, 2008.

CREDIT ACCEPTANCE CORPORATION

BY:  /s/ Charles A. Pearce

PRINT NAME:  Charles A. Pearce

It: Chief Legal Officer and Corporate Secretary

I, acknowledge receipt of a copy of the Plan (either as an attachment hereto or that has been
previously received by me) and that I have carefully read this Award Agreement and the Plan. I
agree to be bound by all of the provisions set forth in this Award Agreement and the Plan.

BY: /s/ Ken Booth

Ken Booth

1

Appendix A

Each year, 20% of the Restricted Stock Unit is eligible to vest.

If compounded Economic Profit improves at least 10% annually (“Cumulative Growth”), starting with
January 1, 2009 as compared with 2008, 100% of the Restricted Stock Units eligible to vest will
vest.

If Cumulative Growth is greater than 0% but less than 10% then half of the eligible Restricted
Stock Units will vest.

In Years 2 through 5, if Cumulative Growth is 10% or greater, then all the Restricted Stock Units
that did not vest in prior years, will also vest.

2

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