X0202 3 2007-04-30 0 0001347523 NNN Apartment REIT, Inc. NONE 0001268021 GARY ROBERT A IV 1551 NORTH TUSTIN AVENUE SUITE 200 SANTA ANA CA 92705 1 0 0 0 Common Stock 1000 D Upon initial election to the board, Mr. Gary received 1,000 shares of restricted common stock. The restricted shares vested immediately as to 20.0% of the shares on the date of grant, July 19, 2006; the remainder vests on each anniversary thereafter over four years. /s/ Andrea R. Biller / Attorney-in-Fact for Robert A. Gary, IV 2007-04-30