Exhibit 99.1

A MESSAGE FROM GRUBB & ELLIS SECOND QUARTER INVESTOR UPDATE COMPANY In uncertain market conditions, investors may turn to public 2008Q2 non-traded REITs since they do not trade on a public market Grubb & Ellis Apartment REIT, Inc. has enjoyed a number of accomplishments since its exchange. During the First half offering began in the third quarter of 2006. This update will provide you with detailed information regarding the activity of the REIT during the second quarter of 2008. of 2008, Grubb & Ellis-sponsored SECOND QUARTER ACCOMPLISHMENTS public non-traded REITs gained Raised $21 million of equity in the second quarter 2008. considerable momentum as they Acquired two properties valued at $55 million based on purchase price. were able to acquire a number of Expanded portfolio to include a total of 12 properties with 3,181 units valued at more new properties. than $304 million based on purchase price. Grubb & Ellis is a name that Acquired Grubb & Ellis Apartment REIT#fs first properties in the metropolitan market of Atlanta, Georgia. you know and can trust. Our Expanded portfolio to include properties in a total of seven major metropolitan markets investment programs are that are experiencing above average job and population growth. provided the same world-class Achieved a 93.1 percent portfolio occupancy rate. property management services SECOND QUARTER ACQUISITIONS provided to some of the largest Creekside Crossing, Lithonia, GA Located in the Atlanta suburb of Lithonia, corporations and institutional Georgia, Creekside Crossing is a Class A, 280-unit multifamily property with nine different owners throughout the world. floor plans consisting of approximately 281,000 rentable square feet. The property is currently We thank you for the confidence 93 percent occupied. that you have placed in our Kedron Village, Peachtree City, GA company. We will continue Located in the Atlanta suburb of Peachtree City, Georgia, Kedron Village is comprised of six to focus on providing you townhouse buildings, seven three-story garden with the best service and apartment buildings, and a single-story leasing center with approximately 252,000 rentable investment products the industry square feet. The property is 93 percent occupied. has to offer. 2008 Q2 INVESTOR UPDATE

Q2 ACQUISITION PROPERTy HIgHLIgHT Shares Sold and Kedron Village Equity Raised Grubb & Ellis Apartment REIT has sold Located in the Atlanta suburb of Peachtree City, approximately 12 million shares Georgia, Kedron Village is a 216-unit Class A of its common stock for more than multifamily community consisting of approximately $121 million as of June 30, 2008. 252,000 rentable square feet situated on approximately At the close of the second 21.6 acres of land. Completed in 2001, the property is quarter 2008, Grubb & Ellis Apartment comprised of six townhouse buildings, seven three-story REIT has acquired a portfolio of 12 garden apartment buildings, and a single-story leasing Class A multifamily communities valued at approximately $304 million center. There are 14 floor plans that vary in unit size from based on purchase price. approximately 698 square feet to 1,826 square feet. Property amenities include a fitness center, business center, swimming pool and a car care center. Unit features may include full-size washer and dryer connections, This newsletter contains forward-looking kitchen pantries, walk-in closets, a fireplace and a patio or statements. Any forward-looking sunroom. Kedron Village offers easy access to State Route statements are based upon the current beliefs and expectations of management 74, is within one-half mile of Kedron Elementary School, and involve risks, uncertainties and other factors that may cause the actual results and is surrounded by residential developments. The or performance of the company and its affiliates to be materially different property is 93 percent occupied and provides a total of from any future results or performance expressed or implied by such forward- 425 parking spaces, including 100 direct-access garages, looking statements. The material in 20 detached garages and 305 surface parking spaces. 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 To learn more, visit FINRA/SIPC, is the dealer-manager for the www.gbe-reits.com/apartment. (877) 888-7348 www.gbe-reits.com/apartment Grubb & Ellis Apartment REIT offering. As of August 25, 2008.