Grubb & Ellis Company News
Grubb & Ellis Realty Investors Launches Wealth Management Program for High Net Worth Investors
SANTA ANA, Calif.,
"The Wealth Management program is an exciting and unique addition to our investment platform that fills an unmet need among a specialized pool of investors," said
Through the Wealth Management program, Grubb & Ellis Realty Investors offers qualified individuals, entities and corporations the opportunity to benefit from the potential advantages of real estate investment through a passive, sole-ownership vehicle that delivers discretion to the investor. The Wealth Management program is open to all qualified investors seeking to build or expand their commercial real estate portfolio, whether their investment objectives are 1031 exchange driven or not.
"The Wealth Management program is consistent with Grubb & Ellis' strategy to leverage the synergies between our brokerage, management and investment businesses," said Scott D. Peters, Chief Executive Officer of Grubb & Ellis Company. "Both our broker-dealer network and our brokers will benefit from having the opportunity to provide institutional-quality real estate advisory services to high net worth investors who prefer direct real estate ownership, whether it be a single property or a portfolio of properties."
Since its founding in 1998, Grubb & Ellis Realty Investors has been one of the nation's leading sponsors of securitized 1031 tenant-in-common (TIC) exchange and other commercial real estate investment programs.
"Unlike our TIC programs, which may include up to 35 individual tenant-in-common investors in each asset, Wealth Management investors will enjoy sole-ownership of institutional-caliber properties with zero management intensity throughout the entire portfolio construction process and ownership cycle," said Hanson.
Grubb & Ellis Realty Investors became a subsidiary of Grubb & Ellis Company on
About Grubb & Ellis Realty Investors
Grubb & Ellis Realty Investors, LLC is a wholly owned indirect subsidiary of Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment management firm. Grubb & Ellis Realty Investors and affiliates manage a growing portfolio of nearly 39 million square feet of real estate, including more than 10,000 apartment units, with a combined market value in excess of
Grubb & Ellis Realty Investors and affiliates are currently buying and selling properties throughout the
FORWARD-LOOKING LANGUAGE
This press release contains "forward-looking statements" within the meaning of Private Securities Litigation Reform Act of 1995. Any statement in this press release about expectations, beliefs, plans, objectives, assumptions or future events or performance are not historical facts and are forward-looking statements. Any forward-looking statements are based upon the current beliefs and expectations of management and involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, achievements or transactions of the company and its affiliates to be materially different from any future results, performance, achievements or transactions expressed or implied by such forward-looking statements.
The following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: changes in the company's results of operations; uncertainties relating to the implementation of the company's real estate investment and asset management strategies; changes in general and local economic and real estate conditions; the inability to combine the businesses of NNN Realty Advisors and Grubb & Ellis successfully, or that such combination may take longer, be more difficult, time-consuming or costly to accomplish than expected; and increased operating costs and business disruption following the merger of NNN Realty Advisors and Grubb & Ellis, including adverse effects on employee retention and on business relationships with third parties.
Additional information or factors which could impact the company and the forward-looking statements contained herein are included in Grubb & Ellis' filings with the Securities and Exchange Commission, including but not limited to the joint proxy statement/prospectus of Grubb & Ellis and NNN Realty Advisors. Any forward-looking statements speak only as of the date on which they are made and the company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
SOURCE Grubb & Ellis Realty Investors, LLC
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