|
Grubb & Ellis Apartment REIT is qualified as a publicly registered, non-traded real estate investment trust (REIT) that seeks to provide investors with preservation of principal, income opportunities and the potential for capital appreciation. The REIT intends to raise up to approximately $1.05 billion in equity and to acquire a diversified portfolio of real estate assets, focusing primarily on income-producing apartment communities that may benefit from on-going economic and population growth.
Grubb & Ellis Apartment REIT sponsored by Grubb & Ellis Company (NYSE: GBE), one of the world’s largest and most respected commercial real estate services and investment companies. The REIT intends to leverage the resources and expertise of Grubb & Ellis Company to source, acquire and manage an attractive portfolio of assets on behalf of investors. The nationwide reach, expansive local market knowledge and expertise of Grubb & Ellis Company will assist the REIT in acquiring apartment communities where demographic trends indicate potential growth in the market and the underlying value of the real estate.
|