G&E HEALTHCARE REIT ACQUIRES MEDICAL OFFICE PORTFOLIO

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MEQUON AND FRANKLIN, WIS. — Grubb & Ellis Healthcare REIT has acquired Wisconsin Medical Office Buildings Portfolio 2, a healthcare portfolio located in the greater Milwaukee area. The portfolio contains two ambulatory surgery centers located in Mequon and Franklin. Together, the buildings total approximately 130,000 square feet, and were constructed in 2001 and 2004. Grub & Ellis acquired the portfolio as part of a sale/leaseback transaction with Aurora Health Care. It is the second such transaction between the two companies. The purchase was negotiated by Grubb & Ellis Healthcare REIT’s in-house acquisition team, with assistance from Grubb & Ellis Healthcare REIT Advisor LLC. The acquisition price was not disclosed.

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