AMENDED AND RESTATED CONSOLIDATED UNSECURED PROMISSORY NOTEConsolidated Unsecured Promissory Note • August 17th, 2010 • Grubb & Ellis Apartment REIT, Inc. • Real estate investment trusts
FOR VALUE RECEIVED, Grubb & Ellis Apartment REIT Holdings, L.P., a Virginia limited partnership (“Borrower”), unconditionally promises to pay to the order of NNN Realty Advisors, Inc., a Delaware corporation (“Lender”), in the manner and at the place hereinafter provided, the principal amount of Seven Million Seven Hundred Fifty Thousand Dollars ($7,750,000).
