REIT, TIC manager to build RE portfolios for ultra-high-net-worth investors. Grubb & Ellis Realty Investors, formerly Triple Net Properties, has launched the Grubb & Ellis Wealth Management program to help high-net-worth investors build or expand their commercial real-estate portfolios through direct investment.

Investors with at least $15 million to invest can use the program to access real estate investment through passive, sole-ownership vehicles.

Hands on

"Unlike our [tenant-in-common] programs, which may include up to 35 individual tenant-in-common investors in each asset, Wealth Management investors will enjoy sole-ownership of institutional-caliber properties with zero management intensity throughout the entire portfolio construction process and ownership cycle," says Jeff Hanson, president of Grubb & Ellis Realty Investors.

South Coast Metro, Calif.-based REIT manager Triple Net Properties became part of Santa Ana, Calif.-based real-estate services company Grubb & Ellis earlier this year. Hanson had been CIO of Triple Net Properties.

Grub & Ellis' CEO Scott Peters says a customizable investment program for high-net-worth clients -- available to them through independent broker-dealers, financial representatives and licensed commercial real estate brokers -- brings together capabilities from the company's brokerage, management and investment businesses. "Our broker-dealer network and our brokers will benefit from having the opportunity to provide institutional-quality real-estate advisory services to high-net-worth investors who prefer direct real-estate ownership, whether it be a single property or a portfolio of properties."

Grubb & Ellis Realty Investors oversees a portfolio worth more than $5.4 billion. -FWR

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