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G reit liquidating trust grantor letter

g reit liquidating trust grantor letter-25

Subject to certain exceptions related to transfer by will, intestate succession or operation of law, beneficial interests in the Liquidating Trust will not be transferable, nor will a beneficiary have authority or power to sell or in any other manner dispose of any such beneficial interests.

You should also read the risk factors that are discussed in periodic reports that we file from time to time with the Securities and Exchange Commission, including the risk factors that are contained in our Form 10-K for the year ended December 31, 2006.The Liquidating Trust is intended to qualify as a "liquidating (grantor) trust" for federal income tax purposes.As such, the Liquidating Trust should not itself be subject to federal income tax.The tax summary above is for general informational purposes only and does not address all possible tax considerations that may be material to a stockholder of the Company and does not constitute legal or tax advice.Moreover, it does not deal with all tax aspects that might be relevant to a stockholder of the Company, in light of its personal circumstances, nor does it deal with particular types of stockholders that are subject to special treatment under the federal income tax laws.The operating partnership will be dissolved in connection with the dissolution of the Company, and all of its assets and liabilities will be distributed to the Company immediately before the transfer to the Liquidating Trust. It is expected that from time to time the Liquidating Trust will make distributions of its assets to beneficiaries, but only to the extent that such assets will not be needed to provide for the liabilities (including contingent liabilities) assumed by the Liquidating Trust.

It is currently contemplated that all of the members of the Company's board of directors, Gary H. No assurances can be given as to the amount or timing of any distributions by the Liquidating Trust.

Upon the transfer of the Company's assets and liabilities to the Liquidating Trust, all outstanding shares of the Company's common stock will be deemed cancelled.

The rights of beneficiaries in their beneficial interests will not be represented by any form of certificate or other instrument.

However, if the board of directors of the Company should determine to extend the Record Date beyond January 22, 2008, the Company will issue a press release announcing such date.

If you have any questions or require additional information, an investor services representative is available to assist you at (877) 888-7348 ext. Triple Net Properties, LLC, the advisor to G REIT, Inc., is a wholly owned indirect subsidiary of Grubb & Ellis Company, a leading real estate services and investment management firm.

This press release contains forward-looking statements that predict or indicate future events that do not relate to historical matters.