-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VnIukwN0dNWkyT9GTGEklZPyk/ivePPkgbI5kg0kJdQkHVLPkxlTJWDIMI/VsDFn P53jth2MbreY40kO2fBszQ== 0000936392-08-000694.txt : 20090126 0000936392-08-000694.hdr.sgml : 20090126 20081031170825 ACCESSION NUMBER: 0000936392-08-000694 CONFORMED SUBMISSION TYPE: CORRESP PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20081031 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Grubb & Ellis Apartment REIT, Inc. CENTRAL INDEX KEY: 0001347523 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 1551 N. TUSTIN AVENUE STREET 2: SUITE 300 CITY: SANTA ANA STATE: CA ZIP: 92705 BUSINESS PHONE: 714-667-8252 MAIL ADDRESS: STREET 1: 1551 N. TUSTIN AVENUE STREET 2: SUITE 300 CITY: SANTA ANA STATE: CA ZIP: 92705 FORMER COMPANY: FORMER CONFORMED NAME: NNN Apartment REIT, Inc. DATE OF NAME CHANGE: 20051221 CORRESP 1 filename1.htm corresp
(GRUBB & ELLIS LOGO)
October 31, 2008
Ms. Karen Garnett
Assistant Director
Division of Corporate Finance
United States Securities and Exchange Commission
Mail stop 4561
Washington, D.C. 20549-7010
     
Re:
  Grubb & Ellis Apartment REIT, Inc.
 
  Post Effective Amendment No. 10 to Form S-11
 
  Filed October 9, 2008
 
  File No. 333-130945
Dear Ms. Garnett:
     This letter sets forth the responses of Grubb & Ellis Apartment REIT, Inc. (the “Company”) to the comments of the staff (the “Staff”) of the Securities and Exchange Commission (the “Commission”) included in a letter dated October 30, 2008 with regard to the above-referenced filing. For your convenience, we have set forth below your comments followed by the relevant responses.
General
1. Comment: As you know we are reviewing your Form 10-K for the fiscal year ended December 31, 2007, and have issued a number of comments regarding that review. In conjunction with that review, we will also be reviewing your registration statement, which contains your fiscal year end financial information.
     Response: The Company understands that its Form 10-K for the fiscal year ended December 31, 2007 is currently under review. The Company responded to the Staff’s comments to the Form 10-K on October 24, 2008.
Supplement No. 1 Dated October 9, 2008
2. Comment: We note the disclosure on page 4 that as of June 30, 2008 you had an amount payable to your advisor of $810,000. On page 7, the amount payable to your advisor is disclosed as $1,273,000. Please explain to us the difference between the two noted figures.
1551 N. Tustin Avenue, Suite 300, Santa Ana, California 92705
tel (714)667-8252· fax (714)667-6860

 


 

     Response: The disclosure on page 4 refers to payables to the Company’s affiliates that will “be paid from cash flow from operations”. The disclosure on page 7 refers to total payables to the Company’s affiliates. The difference of $463,000 relates to offering costs which are paid from cash flow from financing activities.
     Thank you for your consideration of the Company’s responses to the Staff’s comments. We appreciate your review and assistance. If you have any questions regarding this response, please do not hesitate to call the undersigned at 714-667-8252.
Very truly yours,
/s/ Shannon K S Johnson
Shannon K S Johnson
Chief Financial Officer
cc:   Stanley J. Olander, Jr.
Lesley H. Solomon

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-----END PRIVACY-ENHANCED MESSAGE-----