Current assets:

Cash and cash equivalents

Restricted cash

Investment in marketable equity securities

Accounts receivable from related parties — net

Notes and advances to related parties — net

Service fees receivable — net

Professional service contracts — net

Prepaid expenses and other assets

 

Total current assets

Accounts receivable from related parties — net

Notes and advances to related parties — net

Professional service contracts — net

Investments in unconsolidated entities

Property held for investment — net

Property, equipment and leasehold improvements — net

Identified intangible assets — net

Other assets — net

Goodwill

 

Total assets

 

 

 

Current liabilities:

Accounts payable and accrued expenses

Due to related parties

Notes payable and capital lease obligations

Other liabilities

 

Total current liabilities

Long-term liabilities:

NNN senior notes

Convertible notes

Mortgage notes

Notes payable and capital lease obligations

Other long-term liabilities

Deferred tax liabilities

 

Total liabilities

Commitments and contingencies

Preferred stock: 12% cumulative participating perpetual convertible; $0.01 par value; 1,000,000 authorized as of March 31, 2011; 965,700 shares issued and outstanding as of March 31, 2011

Shareowners’ deficit:

Preferred stock: $0.01 par value; 19,000,000 shares authorized as of March 31, 2011; no shares issued and outstanding as of March 31, 2011

Common stock: $0.01 par value; 200,000,000 shares authorized as of March 31, 2011; 69,921,581 shares issued and outstanding as of March 31, 2011

Additional paid-in capital

Accumulated deficit

Other comprehensive income

 

Total Grubb & Ellis Company shareowners’ deficit

Noncontrolling interests

 

Total deficit

 

Total liabilities and shareowners’ deficit

 

Management services

Transaction services

Investment management

Investment management — Daymark

Rental related

 

Total revenue

Compensation costs

General and administrative

Provision for doubtful accounts

Depreciation and amortization

Rental related

Interest

Real estate related recoveries

Intangible asset impairment

 

Total operating expense

 

 

Equity in losses of unconsolidated entities

Interest income

Other income

 

Total other income (expense)

 

Net loss attributable to noncontrolling interests

 

Preferred stock dividends

 

 

Net loss per share attributable to Grubb & Ellis Company common shareowners

 

Net loss per share attributable to Grubb & Ellis Company common shareowners

 

Basic weighted average shares outstanding

 

Diluted weighted average shares outstanding

 

Management services

Transaction services

Investment management

Investment management — Daymark

Rental related

 

Total revenue

Compensation costs

General and administrative

Provision for doubtful accounts

Depreciation and amortization

Rental related

Interest

Real estate related impairments

Intangible asset impairment

 

Total operating expense

 

 

Equity in losses of unconsolidated entities

Interest income

Other income

 

Total other expense

 

Loss from continuing operations before income tax benefit

Income tax benefit

 

Loss from continuing operations

 

Loss from discontinued operations — net of taxes

Gain from discontinued operations — net of taxes

 

Total income from discontinued operations

 

Net (loss) income attributable to noncontrolling interests

 

Preferred stock dividends

 

 

Loss from continuing operations attributable to Grubb & Ellis Company common shareowners

Income from discontinued operations attributable to Grubb & Ellis Company common shareowners

 

Net loss per share attributable to Grubb & Ellis Company common shareowners

 

Loss from continuing operations attributable to Grubb & Ellis Company common shareowners

Income from discontinued operations attributable to Grubb & Ellis Company common shareowners

 

Net loss per share attributable to Grubb & Ellis Company common shareowners

 

Basic weighted average shares outstanding

 

Diluted weighted average shares outstanding

 

As reported in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2011.

Adjustments have been made to reflect the sale of Daymark Realty Advisors, Inc. (“Daymark”) and Grubb & Ellis Alesco Global Advisors, LLC (“Alesco”) to unaffiliated third parties, as if the sales had occurred on March 31, 2011. As such, adjustments have been made to remove the carrying value of the assets and liabilities as of March 31, 2011 related to Daymark and Alesco.

In connection with the sale of Daymark, we paid $0.5 million to pay down a portion of the intercompany balance owed to Daymark as of March 31, 2011. $5.0 million of the intercompany balance was converted to a note payable from Grubb & Ellis Company to Daymark due five years from the date of the sale transaction (August 10, 2016) at an annual interest rate of 7.95% and $10.7 million of the intercompany payable balance was assumed by the purchaser. Adjustment also includes estimated closing costs of $4.2 million related to the sale of Daymark and anticipated sales proceeds of $2.25 million related to the pending sale of Alesco.

Includes $1.65 million of certain indemnifications and reimbursements of costs provided to purchaser.

Adjustments have been made to reflect the sale of Daymark and Alesco to unaffiliated third parties, as if the sales had occurred on January 1, 2011. As such, adjustments have been made to remove all revenues and expenses of Daymark and Alesco during the three months ended March 31, 2011.

Includes interest expense on the $5.0 million note payable to Daymark at an annual interest rate of 7.95%. The note matures five years from the date of the Daymark sale transaction (August 10, 2016).

As reported in our Annual Report on Form 10-K for the year ended December 31, 2010.

Adjustments have been made to reflect the sale of Daymark and Alesco to unaffiliated third parties, as if the sales had occurred on January 1, 2010. As such, adjustments have been made to remove all revenues and expenses of Daymark and Alesco during the year ended December 31, 2010.