NNN Healthcare/Office REIT Acquires Gwinnett Professional Center in Lawrenceville, Georgia

SANTA ANA, Calif., Aug. 2 /PRNewswire/ -- NNN Healthcare/Office REIT,Inc. has acquired Gwinnett Professional Center in the Atlanta suburb ofLawrenceville, Georgia. The acquisition closed on July 27, 2007. Gwinnett Professional Center is a three-story, multi-tenant medicaloffice building totaling approximately 60,000 square feet built upon morethan five acres on the campus of Gwinnett Medical Center, the dominanthealthcare provider in the county of Gwinnett. In 2006, the GwinnettMedical Center received approval for an $88 million expansion that willresult in the construction of a new five-story tower atop the northern wingof the existing hospital, resulting in an eight-story tower with anadditional 129 acute care beds. The Gwinnett Hospital System is comprised of three hospitals andsupporting structures that have provided acute and emergency care topatients in Gwinnett County for more than 50 years. In 2006, the hospitalsystem received the Distinguished Hospital Award for Clinical Excellencefrom HealthGrades, one of the nation's leading independent healthcareratings companies. The award signifies that Gwinnett Medical Center ranksamong the top five percent of all hospitals in the nation for overallclinical performance. "We view the Greater Atlanta market as a highly attractive area forinvestment due to the continuing strong rate of population growth anddemand for healthcare services in the region," explained Danny Prosky, vicepresident of acquisitions for NNN Healthcare/Office REIT. "GwinnettProfessional Center is a stable, high-quality asset that has enhancedlong-term value due to the planned expansion of Gwinnett Medical Center,which we expect will increase demand for space in this complementaryproperty." NNN Healthcare/Office REIT purchased Gwinnett Professional Center fromunaffiliated third parties represented by Michael Kuras and Matthew Levinof Sperry Van Ness. Gwinnett Professional Center is currently 73 percent leased to numerousmedical tenants, including Gwinnett Pediatrics, Physiotherapy Associatesand North Atlanta Urology Associates. NNN Healthcare/Office REIT offers a monthly distribution of 7.25percent per annum and has acquired eight other geographically-diverseproperties: -- Triumph Hospital Northwest and Triumph Hospital Southwest in Greater Houston, Texas; -- Thunderbird Medical Plaza in Glendale, Arizona; -- Shakerag Medical Center and Yorktown Medical Center in Fayette County, Georgia; -- Commons V Medical Office Building in Naples, Florida; -- Lenox Office Park Building G in Memphis, Tennessee; -- The Gallery Professional Building in St. Paul, Minnesota; -- Crawfordsville Medical Office Park and Athens Surgery Center in Crawfordsville, Indiana; and -- Southpointe Office Parke and Epler Parke I in Indianapolis, Indiana. As of July 30, 2007, NNN Healthcare/Office REIT has sold approximately12.1 million shares of its common stock for more than $120 million throughits initial public offering, which began in the third quarter of 2006. Including the purchase of Gwinnett Professional Center, NNNHealthcare/Office REIT has acquired a portfolio of properties valued atapproximately $155 million. NNN Realty Advisors, Inc., a nationwide commercial real estate assetmanagement and services firm, is the sponsor of NNN Healthcare/Office REIT,Inc. NNN Realty Advisors and affiliates manage a growing portfolio of morethan 36 million square feet of real estate, including approximately 8,400apartment units, with a combined market value approaching $5 billion. NNNRealty Advisors and affiliates are currently buying and selling propertiesthroughout the United States, offering a full range of commercial realestate investments, including tenant-in-common (TIC) programs for investorsstructuring tax-deferred (like-kind) exchanges under Section 1031 of theInternal Revenue Code, real estate investment trusts (REITs), value addedproperty funds, and institutional investments. This press release contains certain forward-looking statements withrespect to the future population growth of Greater Atlanta, Georgia and theexpected impact the planned expansion of Gwinnett Medical Center will haveupon tenant demand for Gwinnett Professional Center. Forward-lookingstatements are statements that are not descriptions of historical facts andinclude statements regarding management's intentions, beliefs,expectations, plans or predictions of the future, within the meaning ofSection 27A of the Securities Act of 1933, as amended, and Section 21E ofthe Securities Exchange Act of 1934, as amended. Because such statementsinclude risks, uncertainties and contingencies, actual results may differmaterially from those expressed or implied by such forward-lookingstatements. These risks, uncertainties and contingencies include, but arenot limited to, the following: uncertainties relating to changes in generaleconomic and real estate conditions; uncertainties relating to the economyof Greater Atlanta, Georgia; uncertainties relating to the implementationof our real estate investment strategy; and other risk factors as outlinedin the Company's prospectus, as amended from time to time, and as detailedfrom time to time in our periodic reports, as filed with the Securities andExchange Commission.