e8vkza
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
Amendment No. 2
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
|
|
|
Date of Report (Date of earliest event reported):
|
|
March 20, 2007 |
NNN Healthcare/Office REIT, Inc.
(Exact name of registrant as specified in its charter)
|
|
|
|
|
Maryland
(State or other jurisdiction
of incorporation)
|
|
333-133652
(Commission
File Number)
|
|
20-4738467
(I.R.S. Employer
Identification No.) |
|
|
|
|
|
1551 N. Tustin Avenue, Suite 200
Santa Ana, California
(Address of principal executive offices)
|
|
|
|
92705
(Zip Code) |
Registrants 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
INFORMATION TO BE INCLUDED IN THE REPORT
We previously filed a Form 8-K, or the Form 8-K, on
March 26, 2007, and a Form 8-K/A, Amendment No. 1, on
March 28, 2007, reporting our acquisition of a 100% membership
interest in NNN Lenox Medical, LLC and NNN Lenox Medical Land, LLC,
the entities that own Lenox Office Park Building G and two vacant
parcels of land, respectively, or the Lenox property, located in Memphis,
Tennessee as described in such Form 8-K. We are filing this
Form 8-K/A, Amendment No. 2, to provide the financial
information required by Item 9.01.
Item 9.01 Financial Statements and Exhibits.
(a) |
|
Financial statements of businesses acquired. |
The financial statements required by Item 9.01(a) are incorporated herein by reference to pages
F-36 through F-40 of Post-Effective Amendment No. 1 to NNN Healthcare/Office REIT, Inc.s
Registration Statement on Form S-11 (File No. 333-133652), which was filed with the Securities and
Exchange Commission on April 23, 2007.
(b) |
|
Pro forma financial information. |
|
|
|
|
|
|
|
NNN Healthcare/Office REIT, Inc. |
|
|
|
|
|
|
|
|
|
|
|
I.
|
|
Unaudited Pro Forma Condensed Consolidated Financial Statements
|
|
|
3 |
|
|
|
|
|
|
|
|
II.
|
|
Unaudited Pro Forma Condensed Consolidated Balance Sheet as of December 31, 2006
|
|
|
4 |
|
|
|
|
|
|
|
|
III.
|
|
Unaudited Pro Forma Condensed Consolidated Statement of Operations for the
Period from April 28, 2006 (Date of Inception) through December 31, 2006
|
|
|
5 |
|
|
|
|
|
|
|
|
IV.
|
|
Notes to Unaudited Pro Forma Condensed Consolidated Financial Statements
|
|
|
6 |
|
2
NNN Healthcare/Office REIT, Inc.
Unaudited Pro Forma Condensed Consolidated Financial Statements
for the Period from April 28, 2006 (Date of Inception) through
December 31, 2006 and as of December 31, 2006
The accompanying unaudited pro forma condensed consolidated balance sheet as of December 31,
2006 is presented as if we acquired the Southpointe Office Parke and Epler Parke I, or the
Southpointe property, Crawfordsville Medical Office Park and Athens Surgery Center, or the
Crawfordsville property, The Gallery Professional Building, or the Gallery property, and Lenox
Office Park, Building G, or the Lenox property, or collectively the Properties, on December 31,
2006. The properties were acquired using a combination of debt financing and proceeds, net of
offering costs, received from our initial public offering through the acquisition date at $10.00
per share. The pro forma adjustments assume these proceeds were raised as of December 31, 2006.
The accompanying unaudited pro forma condensed consolidated statement of operations for the
period from April 28, 2006 (Date of Inception) through December 31, 2006 is presented as if we
acquired the Properties on April 28, 2006 (Date of Inception). The properties were acquired using a
combination of debt financing and proceeds, net of offering costs, received from our initial public
offering through the acquisition date at $10.00 per share. The pro forma adjustments assume these
proceeds were raised as of April 28, 2006 (Date of Inception).
The accompanying unaudited pro forma condensed consolidated financial statements are unaudited
and are subject to a number of estimates, assumptions, and other uncertainties, and do not purport
to be indicative of the actual results of operations that would have occurred had the acquisitions
reflected therein in fact occurred on the dates specified, nor do such financial statements purport
to be indicative of the results of operations that may be achieved in the future. In addition, the
unaudited pro forma condensed consolidated financial statements include pro forma allocations of
the purchase price of the Properties based upon preliminary estimates of the fair value of the
assets acquired and liabilities incurred or assumed in connection with the acquisitions and are subject to
change.
3
NNN Healthcare/Office REIT, Inc.
Unaudited Pro Forma Condensed Consolidated
Balance Sheet as of December 31, 2006
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Acquisition
|
|
|
Acquisition
|
|
|
Acquisition
|
|
|
Acquisition
|
|
|
|
|
|
|
|
|
|
of
|
|
|
of
|
|
|
of
|
|
|
of
|
|
|
|
|
|
|
Company
|
|
|
Southpointe
|
|
|
Crawfordsville
|
|
|
Gallery
|
|
|
Lenox
|
|
|
Company
|
|
|
|
Historical
|
|
|
Property
|
|
|
Property
|
|
|
Property
|
|
|
Property
|
|
|
Pro
|
|
|
|
(A)
|
|
|
(B)
|
|
|
(C)
|
|
|
(D)
|
|
|
(E)
|
|
|
Forma
|
|
|
|
|
ASSETS
|
Real estate investments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Land
|
|
$
|
|
|
|
$
|
2,889,002
|
|
|
$
|
698,651
|
|
|
$
|
1,222,696
|
|
|
$
|
1,670,268
|
|
|
$
|
6,480,617
|
|
Building and improvements
|
|
|
|
|
|
|
9,962,564
|
|
|
|
5,435,201
|
|
|
|
5,298,549
|
|
|
|
13,601,051
|
|
|
|
34,297,365
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,851,566
|
|
|
|
6,133,852
|
|
|
|
6,521,245
|
|
|
|
15,271,319
|
|
|
|
40,777,982
|
|
Cash and cash equivalents
|
|
|
202,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
202,000
|
|
Restricted cash
|
|
|
|
|
|
|
328,714
|
|
|
|
34,451
|
|
|
|
636,829
|
|
|
|
600,519
|
|
|
|
1,600,513
|
|
Prepaid expenses
|
|
|
179,878
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
24,232
|
|
|
|
204,110
|
|
Due from affiliates
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
44,673
|
|
|
|
44,673
|
|
Identified intangible assets
|
|
|
|
|
|
|
2,802,217
|
|
|
|
1,075,340
|
|
|
|
2,671,085
|
|
|
|
3,247,267
|
|
|
|
9,795,909
|
|
Other assets
|
|
|
3,446
|
|
|
|
68,262
|
|
|
|
|
|
|
|
231,104
|
|
|
|
46,753
|
|
|
|
349,565
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets
|
|
$
|
385,324
|
|
|
$
|
16,050,759
|
|
|
$
|
7,243,643
|
|
|
$
|
10,060,263
|
|
|
$
|
19,234,763
|
|
|
$
|
52,974,752
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES, MINORITY INTEREST
AND STOCKHOLDERS (DEFICIT) EQUITY
|
Liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mortgage loan payable
|
|
$
|
|
|
|
$
|
9,146,000
|
|
|
$
|
4,264,000
|
|
|
$
|
6,000,000
|
|
|
$
|
12,000,000
|
|
|
$
|
31,410,000
|
|
Unsecured note payable to affiliate
|
|
|
|
|
|
|
5,115,000
|
|
|
|
2,385,000
|
|
|
|
1,000,000
|
|
|
|
|
|
|
|
8,500,000
|
|
Accrued liabilities
|
|
|
61,944
|
|
|
|
378,354
|
|
|
|
101,940
|
|
|
|
32,629
|
|
|
|
62,153
|
|
|
|
637,020
|
|
Due to affiliates
|
|
|
312,426
|
|
|
|
512,262
|
|
|
|
207,000
|
|
|
|
531,135
|
|
|
|
|
|
|
|
1,562,823
|
|
Security deposits and prepaid rent
|
|
|
|
|
|
|
85,505
|
|
|
|
25,066
|
|
|
|
3,572
|
|
|
|
52,274
|
|
|
|
166,417
|
|
Identified intangible liabilities
|
|
|
|
|
|
|
37,106
|
|
|
|
|
|
|
|
80,759
|
|
|
|
|
|
|
|
117,865
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities
|
|
|
374,370
|
|
|
|
15,274,227
|
|
|
|
6,983,006
|
|
|
|
7,648,095
|
|
|
|
12,114,427
|
|
|
|
42,394,125
|
|
Commitments and contingencies
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Minority interest of limited
partner in Operating Partnership
|
|
|
200,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
200,000
|
|
Stockholders equity:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preferred stock, $0.01 par
value; 200,000,000 shares authorized; none issued and
outstanding
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common stock, $0.01 par value;
1,000,000,000 shares authorized; 20,200 shares issued
and outstanding
|
|
|
162
|
|
|
|
877(F
|
)
|
|
|
294(F
|
)
|
|
|
2,726(F
|
)
|
|
|
8,046(F
|
)
|
|
|
12,105
|
|
Additional paid-in capital
|
|
|
52,563
|
|
|
|
775,655(F
|
)
|
|
|
260,343(F
|
)
|
|
|
2,409,442(F
|
)
|
|
|
7,112,290(F
|
)
|
|
|
10,610,293
|
|
Accumulated deficit
|
|
|
(241,771
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(241,771
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total stockholders
(deficit) equity
|
|
|
(189,046
|
)
|
|
|
776,532
|
|
|
|
260,637
|
|
|
|
2,412,168
|
|
|
|
7,120,336
|
|
|
|
10,380,627
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities, minority interest
and stockholders (deficit) equity
|
|
$
|
385,324
|
|
|
$
|
16,050,759
|
|
|
$
|
7,243,643
|
|
|
$
|
10,060,263
|
|
|
$
|
19,234,763
|
|
|
$
|
52,974,752
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The accompanying notes are an integral part of these pro forma
condensed consolidated financial statements.
4
NNN Healthcare/Office REIT, Inc.
Unaudited Pro Forma Condensed Consolidated Statement of Operations
for the Period from April 28, 2006 (Date of Inception) through December 31, 2006
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Acquisition of |
|
|
Acquisition of |
|
|
Acquisition of |
|
|
Acquisition of |
|
|
|
|
|
|
Company |
|
|
Southpointe |
|
|
Crawfordsville |
|
|
Gallery |
|
|
Lenox |
|
|
Company |
|
|
|
Historical (G) |
|
|
Property (H) |
|
|
Property (I) |
|
|
Property (J) |
|
|
Property (K) |
|
|
Pro Forma |
|
Rental and other income |
|
$ |
|
|
|
$ |
1,172,872 |
(L) |
|
$ |
563,701 |
(L) |
|
$ |
1,449,026 |
(L) |
|
$ |
1,546,288 |
(L) |
|
$ |
4,731,887 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rental expenses |
|
|
|
|
|
|
105,567 |
|
|
|
105,567 |
|
|
|
485,879 |
|
|
|
351,890 |
|
|
|
1,048,903 |
|
Property taxes and assessments |
|
|
|
|
|
|
255,797 |
|
|
|
62,258 |
|
|
|
97,447 |
|
|
|
25,715 |
|
|
|
441,217 |
|
Insurance |
|
|
|
|
|
|
4,737 |
|
|
|
2,030 |
|
|
|
31,805 |
|
|
|
25,038 |
|
|
|
63,610 |
|
Management fees |
|
|
|
|
|
|
51,138 |
(M) |
|
|
18,969 |
(M) |
|
|
57,683 |
(M) |
|
|
61,851 |
(M) |
|
|
189,641 |
|
General and administrative |
|
|
241,771 |
|
|
|
126,966 |
(N) |
|
|
59,471 |
(N) |
|
|
238,911 |
(N) |
|
|
350,194 |
(N) |
|
|
1,017,313 |
|
Interest expense |
|
|
|
|
|
|
375,832 |
(O) |
|
|
175,505 |
(O) |
|
|
245,807 |
(O) |
|
|
473,517 |
(O) |
|
|
1,270,661 |
|
Depreciation and amortization |
|
|
|
|
|
|
823,680 |
(L) |
|
|
190,165 |
(L) |
|
|
702,072 |
(L) |
|
|
1,138,831 |
(L) |
|
|
2,854,748 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
241,771 |
|
|
|
1,743,717 |
|
|
|
613,965 |
|
|
|
1,859,604 |
|
|
|
2,427,036 |
|
|
|
6,886,093 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from continuing operations |
|
$ |
(241,771 |
) |
|
$ |
(570,845 |
) |
|
$ |
(50,264 |
) |
|
$ |
(410,578 |
) |
|
$ |
(880,748 |
) |
|
$ |
(2,154,206 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss per share basic and diluted
continuing operations |
|
$ |
(149.03 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(1.80 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number of common
shares outstanding basic and diluted |
|
|
1,622 |
|
|
|
87,744 |
(P) |
|
|
29,450 |
(P) |
|
|
272,561 |
(P) |
|
|
804,558 |
(P) |
|
|
1,195,935 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The accompanying notes are an integral part of these pro forma
condensed consolidated financial statements.
5
NNN Healthcare/Office REIT, Inc.
Notes to Unaudited Pro Forma Condensed Consolidated Financial Statements
1. Notes to Unaudited Pro Forma Condensed Consolidated Balance Sheet as of December 31, 2006.
(A) As reported in our December 31, 2006 Annual Report on Form 10-K.
(B) Represents the purchase price of the assets acquired and liabilities incurred or assumed by NNN
Healthcare/ Office REIT Holdings, L.P. in connection with the acquisition of NNN Southpointe, LLC.
The purchase price of $14,800,000, plus closing costs and acquisition fees, was financed through
the assumption of an existing mortgage loan payable of $9,146,000 on the property with LaSalle Bank
National Association, or LaSalle, under a secured 10-year, fixed rate, 6.113% per annum,
interest-only loan and approximately $5,115,000 of the proceeds from a $7,500,000, six month,
unsecured, 6.86% per annum, interest-only loan with NNN Realty Advisors, Inc., or NNN Realty
Advisors, or our Sponsor, and the net proceeds from the issuance of approximately 87,744 shares of
common stock from our initial public offering. An acquisition fee of $444,000, or 3.0% of the
purchase price, was paid to our Advisor and its affiliate. The purchase price allocations are
preliminary and are subject to change.
(C) Represents the purchase price of the assets acquired and liabilities incurred or assumed by NNN
Healthcare/ Office REIT Holdings, L.P. in connection with the acquisition of NNN Crawfordsville,
LLC. The purchase price of $6,900,000, plus closing costs and acquisition fees, was financed
through the assumption of an existing mortgage loan payable of $4,264,000 on the property with
LaSalle under a secured 10-year, fixed rate, 6.123% per annum, interest-only loan and approximately
$2,385,000 of the proceeds from a $7,500,000, six month, unsecured, 6.86% per annum, interest-only
loan with NNN Realty Advisors and the net proceeds from the issuance of approximately 29,450 shares
of common stock from our initial public offering. An acquisition fee of $207,000, or 3.0% of the
purchase price, was paid to our Advisor and its affiliate. The purchase price allocations are
preliminary and are subject to change.
(D) Represents the purchase price of the assets acquired and liabilities incurred or assumed by NNN
Healthcare/ Office REIT Holdings, L.P. in connection with the acquisition of NNN Gallery Medical,
LLC. The purchase price of $8,800,000, plus closing costs and acquisition fees, was financed
through the assumption of an existing mortgage loan payable of $6,000,000 on the property with
LaSalle under a secured 10-year, fixed rate, 5.76% per annum, interest-only loan and a $1,000,000
six month, unsecured, 6.84% per annum, interest-only loan with NNN Realty Advisors and the net
proceeds from the issuance of approximately 272,561 shares of common stock from our initial public
offering. An acquisition fee of $264,000, or 3.0% of the purchase price, was paid to our Advisor
and its affiliate. The purchase price allocations are preliminary and are subject to change.
(E) Represents the purchase price of the assets acquired and liabilities incurred or assumed by NNN
Healthcare/ Office REIT Holdings, L.P. in connection with the acquisition of NNN Lenox Medical, LLC
and NNN Lenox Medical Land, LLC. The purchase price of $18,500,000, plus closing costs and
acquisition fees, was financed through the assumption of an existing mortgage loan payable of
$12,000,000 on the property with LaSalle under a secured 10-year, fixed rate, 5.88% per annum,
interest-only loan through February 1, 2011 and the net proceeds from the issuance of approximately
804,558 shares of common stock from our initial public offering. An acquisition fee of $555,000, or
3.0% of the purchase price, was paid to our Advisor and its affiliate. The purchase price
allocations are preliminary and are subject to change.
(F) The properties were acquired using proceeds, net of offering costs, received from our Offering
through the acquisition date at $10.00 per share. The pro forma adjustments assume these proceeds
were raised as of December 31, 2006.
2. Notes to Unaudited Pro Forma Condensed Consolidated Statement of Operations for the Period from
April 28, 2006 (Date of Inception) through December 31, 2006.
(G) As reported in our December 31, 2006 Annual Report on Form 10-K.
(H) Amounts represent the estimated operations of the Southpointe property for the period from
April 28, 2006 (Date of Inception) through December 31, 2006.
6
NNN Healthcare/Office REIT, Inc.
Notes to Unaudited Pro Forma Condensed Consolidated Financial Statements
(I) Amounts represent the estimated operations of the Crawfordsville property for the period from
April 28, 2006 (Date of Inception) through December 31, 2006.
(J) Amounts represent the estimated operations of the Gallery property for the period from April
28, 2006 (Date of Inception) through December 31, 2006.
(K) Amounts represent the estimated operations of the Lenox property for the period from April 28,
2006 (Date of Inception) through December 31, 2006.
(L) Depreciation expense on the portion of the purchase price allocated to building is recognized
using the straight-line method and a 39 year life. Depreciation expense on improvements is
recognized using the straight-line method over an estimated useful life between 3 and 114 months.
Amortization expense on the identified intangible assets excluding, above and below market leases,
is recognized using the straight-line method over an estimated useful life between 3 and 234
months.
The amounts allocated to above market leases are included in the identified intangible assets and
below market lease values are included in identified intangible liabilities in the accompanying
unaudited pro forma condensed consolidated balance sheet and are amortized to rental income over
the weighted-average remaining term of the acquired leases with each property. Pro forma
amortization of above and below market leases amortized to rental income for the period from April
28, 2006 (Date of Inception) through December 31, 2006 is $(16,112), $0, $6,952 and $0 for the
Southpointe property, Crawfordsville property, Gallery property and Lenox property, respectively.
The purchase price allocations, and therefore depreciation and amortization expense, are
preliminary and subject to change.
(M) Pursuant to our advisory agreement, our advisor or its affiliates are entitled to receive, for
services in managing our properties, a monthly property management fee of up to 4.0% of the gross
cash receipts of the property. Historical rates varied between 2.25% and 6.0%. As a result, the pro
forma amount shown is reflective of our current advisory agreement.
(N) Pursuant to our advisory agreement, our advisor or its affiliates are entitled to receive a
monthly asset management fee calculated at one-twelfth of 1.0% of average invested assets,
calculated as of the close of business on the last day of each month, subject to our stockholders
receiving annualized distributions in an amount equal to at least 5.0% per annum on average
invested capital. At the time of acquisition of each property, the stockholders had received
annualized distributions greater than 5.0% per annum. As such, an asset management fee is reflected
for the period from April 28, 2006 (Date of Inception) through December 31, 2006 of $90,424,
$42,553, $56,875 and $119,435 for the Southpointe property, Crawfordsville property, Gallery
property and Lenox property, respectively.
(O) We financed the purchase of the Southpointe property using a 10-year, fixed rate, 6.113% per
annum mortgage loan and a six month unsecured note. We financed the purchase of the Crawfordsville
property using a 10-year, fixed rate, 6.123% per annum mortgage loan and a six month unsecured
note. We financed the purchase of the Gallery property using a 10-year, fixed rate, 5.76% per annum
mortgage loan and a six month unsecured note. We financed the purchase of the Lenox property using
a 10-year, fixed rate, 5.88% per annum mortgage loan. We have repaid the six month unsecured notes
from proceeds from our offering. As such, amount represents interest expense, and the amortization
of the corresponding debt issuance costs, for all properties on only the 10-year, fixed rate
mortgage loans.
(P) Represents the weighted-average number of shares of common stock from our initial public
offering required to generate sufficient offering proceeds to fund the purchase of each of the
Southpointe, Crawfordsville, Gallery and Lenox properties. The calculation assumes the investments
were acquired on April 28, 2006 (Date of Inception).
7
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.
|
|
|
|
|
|
NNN Healthcare/Office REIT, Inc.
|
|
Date: May 29, 2007 |
By: |
/s/ Scott D. Peters
|
|
|
|
Name: |
Scott D. Peters |
|
|
|
Title: |
Chief Executive Officer |
|
|
8