EXHIBIT 21

SUBSIDIARIES OF GRUBB & ELLIS COMPANY

Subsidiaries				State of Incorporation
1.	Aequus Property Management Company				Texas
2.	Grubb & Ellis Affiliates, Inc.				Delaware
3.	Grubb & Ellis of Arizona, Inc.				Washington
4.	Grubb & Ellis Asset Services Company				Delaware
5.	Grubb & Ellis Europe, Inc.				California
6.	Grubb & Ellis Institutional Properties, Inc.				California
7.	Grubb & Ellis Management Services, Inc.				Delaware
	Subsidiaries of Grubb & Ellis Management Services, Inc.:
	a.	Grubb & Ellis Management Services of Michigan, Inc. (“GEMS of Michigan”)			Michigan
	b.	Grubb & Ellis Management Services of Canada, Inc.			Canada
	c.	GEMS Mexicana, S. DE R.L. DE C.V.			Mexico
	d.	Grubb & Ellis Management Services of Brazil LTDA			Brazil
	e.	GEMS of Sweden, AB			Sweden
	f.	GEMS Korea, LLC			Korea
	g.	Crane Realty & Management Co.			California
		Subsidiaries of Crane Realty & Management Co.:
		1.	Crane Realty Services, Inc.		California
	h.	Middle East Real Estate Services, LLC			Delaware
		Subsidiaries of Middle East Real Estate Services, LLC
		1.	Gulf States Realty Advisors, LLC		Qatar
8.	Grubb & Ellis Mortgage Group, Inc.				California
9.	Grubb & Ellis Mortgage Services, Inc.				California
10.	Grubb & Ellis New York, Inc.				New York
11.	Grubb & Ellis of Michigan, Inc.				Michigan
12.	Grubb & Ellis of Nevada, Inc.				Nevada
13.	Grubb & Ellis Advisers of California, Inc.				California
14.	Grubb & Ellis Consulting Services Company				Florida
	Subsidiaries of Grubb & Ellis Consulting Services Company:
	a.	Landauer Hospitality International, Inc.			Delaware
	b.	Landauer Securities, Inc.			Massachusetts
15.	Grubb & Ellis Southeast Partners, Inc.				California
16.	HSM Inc.				Texas
17.	White Commercial Real Estate				California
18.	Wm. A. White/Grubb & Ellis, Inc.				New York
19.	GERA Property Acquisition LLC				Delaware
	Subsidiaries of GERA Property Acquisition LLC
	a.	GERA 6400 Shafer LLC			Delaware
	b.	GERA Abrams Centre LLC			Delaware
	c.	GERA Danbury LLC			Delaware