X0202 4 2007-06-12 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 2007-06-12 4 A 0 1000 0.00 A 2000 D Upon his reappointment as an independent director to the board of directors on June 12, 2007, Mr. Gary was granted 1,000 shares of restricted common stock. The restricted shares vested immediately as to 20.0% of the shares on the date of grant; the remainder vests on each anniversary thereafter over four years. /s/ Andrea R. Biller/Attorney-In-Fact for Robert A. Gary, IV 2007-06-22