8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 23, 2008

Grubb & Ellis Apartment REIT, Inc.

(Exact name of registrant as specified in its charter)

Maryland	000-52612	20-3975609
(State or other jurisdiction	(Commission	(I.R.S. Employer
of incorporation)	File Number)	Identification No.)

1551 N. Tustin Avenue, Suite 300
Santa Ana, California	92705
(Address of principal executive	(Zip Code)
offices)

Registrant’s telephone number, including area code: 714-667-8252

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

TABLE OF CONTENTS

Exhibit 99.1

Item 7.01 Regulation FD Disclosure.

On May 23, 2008, we distributed a 2008 First Quarter Investor Update newsletter, or the Newsletter, to the stockholders of Grubb & Ellis Apartment REIT, Inc. The full text of the Newsletter is attached as Exhibit 99.1 to this report and is incorporated by reference into this Item 7.01.

The information furnished under this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for the purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1 Grubb & Ellis Apartment REIT, Inc. 2008 First Quarter Investor Update

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SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Grubb & Ellis Apartment REIT, Inc.
Date: May 23, 2008	By:	/s/ Stanley J. Olander, Jr.
		Name:	Stanley J. Olander, Jr.
		Title:	Chief Executive Officer and President

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EXHIBIT INDEX

Exhibit No.	Description
99.1	Grubb & Ellis Apartment REIT, Inc. 2008 First Quarter Investor Update

EX-99.1

Exhibit 99.1

2008 FIRST QUARTER INVESTOR UPDATE Q1 Grubb & Ellis Apartment REIT, Inc. has enjoyed a number of accomplishments since its offering began in the third quarter of 2006. This update will provide you with detailed information regarding the activity of the REIT during the first quarter of 2008 so that you may be informed on its progress. FIRST QUARTER ACCOMPLISHMENTS • By March 31, 2008 Grubb & Ellis Apartment REIT had surpassed the $100,000,000 milestone in equity raised. • In March 2008, Grubb & Ellis Apartment REIT acquired Arboleda Apartments, located in Cedar Park, Texas, a suburb of Austin. This property is featured on the reverse side of this update. • Since its inception, the REIT has acquired properties in seven diverse metropolitan markets providing the range and scope set forth in our acquisition objectives. • As of March 31, 2008, the overall occupancy for the portfolio was 91 percent. • The portfolio now includes 10 acquisitions consisting of 2,685 units totaling approximately 2.3 million rentable square feet. • Grubb & Ellis Apartment REIT continues to obtain attractive debt, despite the difficult credit market. • According to REIS MetroTrend Futures, as of the 4th quarter 2007, five of the REIT’s property markets are in the top 15 metropolitan markets for job growth in the United States in 2008: Austin, Texas: #1 San Antonio, Texas: #2 Houston, Texas: #3 Dallas, Texas: #10 Charlotte, North Carolina: #15 Stanley J. Olander, Jr. Chairman, President and CEO Grubb & Ellis Apartment REIT, Inc. CEO FROM THE OF GRUBB & ELLIS COMPANY Our goal has always been to provide you with the best real estate investment product the industry has to offer, and we believe that the merger between Grubb & Ellis Company and NNN Realty Advisors has given us the opportunity to reach this important objective. Grubb & Ellis Company is the sponsor of Grubb & Ellis Apartment REIT, Inc. As such, the REIT benefits from the local market knowledge of 1,800 brokerage professionals located in more than 100 markets, some of the most respected market research in the industry, and the same world-class property management organization that was selected as Microsoft’s Vendor of the Year in 2007. We thank you for the confidence and support you have placed in Grubb & Ellis Apartment REIT, and we look forward to using our expanded platform to better serve your needs. Scott D. Peters President and Chief Executive Officer Grubb & Ellis Company, sponsor of Grubb & Ellis Apartment REIT, Inc. five of the reit's property markets are among the top 15 metropolitan regions identified by REIS metrotrend futures to experience the greatest job growth in the U.S. during 2008.

PROPERTY HIGHLIGHT Arboleda Apartments Located in Cedar Park, Texas, a suburb of Austin, Texas, Arboleda Apartments is a 312-unit multifamily property consisting of approximately 251,000 rentable square feet. Completed in 2007, the property consists of 13 two- and three-story buildings that offer six different floor plans ranging in size from 650-square-foot one bedroom/one bath units to 1,230-square-foot three bedroom/two bath units. Community amenities include a fitness center, business center, controlled access gates and detached garages. Unit features include full-size washer and dryer connections, kitchen pantries, walk-in closets and patios and balconies. Arboleda Apartments is adjacent to the 183-A Toll Road and in close proximity to U.S. Route 183. The property provides 536 parking spaces, including 48 detached garages. Arboleda Apartments is currently 93 percent occupied. (877) 888-7348 www.gbe-reits.com To learn more, visit www.gbe-reits.com. Shares Sold and Equity Raised Grubb & Ellis Apartment REIT, Inc. has sold approximately 10 million shares of its common stock for more than $100 million as of March 31, 2008. At the close of the first quarter 2008, Grubb & Ellis Apartment REIT has acquired a portfolio of 10 Class A multifamily communities, valued at approximately $249 million, based on purchase price. Should you have any questions regarding your investment in Grubb & Ellis Apartment REIT, please contact your financial advisor. This newsletter contains forward-looking statements. Any forward-looking statements are based upon the current beliefs and expectations of management and involve risks, uncertainties and other factors that may cause the actual results or performance of the company and its affiliates to be materially different from any future results or performance expressed or implied by such forward-looking statements. The material in this newsletter does not constitute an offer to sell, nor a solicitation of an offer to buy the securities described herein. Such an offering is made only by prospectus. Therefore, this material must be accompanied or preceded by a prospectus. You should carefully review the risk factor disclosure in the prospectus and consult with your advisor before investing. Grubb & Ellis Securities, Inc., member FINRA/SIPC, is the dealer-manager for the Grubb & Ellis Apartment REIT offering. April 30, 2008. 0108_apt_investor Update