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SANTA ANA, CA-G REIT, a specialty REIT advised by Grubb &Ellis subsidiary Triple Net Properties that owns buildings occupiedby government tenants, intends to enter into a liquidating trust onJan. 22 to wind up the company's affairs and liquidate its assets.The specialty REIT, which was incorporated in 2001, has sold alarge portion of its assets in the past two years as part of along-range liquidation plan and expects to dispose of its sixremaining investments this year, according to its publicfilings.

"Although we can provide no assurances, we currently expect tosell all of our assets by March 31, 2008 and anticipate completingour plan of liquidation by June 30, 2008," it states in one of itsrecent filings. As of Sept. 30, G REIT owned interests in sixproperties totaling 1.6 million sf, with 49.2% of that spaceoccupied by government-related tenants.