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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	February 22, 2007
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  	G REIT, Inc.
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Maryland
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  	0-50261
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  	52-2362509
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	&nbsp;&nbsp;
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  	1551 N. Tustin Avenue, Suite 200, Santa Ana, California
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  	92705
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  _________________________________<BR>
  	(Address of principal executive offices)
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  	&nbsp;
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  ___________<BR>
  	(Zip Code)
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  	Registrant&#146;s telephone number, including area code:
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  	877-888-7348
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:</FONT>
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  <P><FONT SIZE="2">
  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  	Item 1.01 Entry into a Material Definitive Agreement.
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  On February 22, 2007, GREIT-One World Trade Center, L.P. ("Seller"), a wholly-owned subsidiary of GREIT, Inc., entered into a Seventh Amendment to Purchase and Sale Agreement (the "Amendment"), with Legacy Partners Realty Fund II, LLC ("Buyer"). Seller and Buyer are parties to a Purchase and Sale Agreement dated as of August 17, 2006, as amended by six amendments (the "Agreement"), which provides for the sale of the One World Trade Center property located in Long Beach, California for a sales price of $150,000,000.  The material terms of the Amendment extended the closing date of the Agreement to February 28, 2007.  However, closing is subject to certain agreed upon conditions and there can be no assurance that we will be able to complete the disposition of the One World Trade Center property.<br><br>The above description of the Amendment contained in Item 1.01 does not purport to be complete and is qualified in its entirety by reference to the Amendment, which is attached hereto as Exhibit 10.1 to this Current Report on Form 8-K.<br>
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  	Item 9.01 Financial Statements and Exhibits.
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  (d) Exhibit. <br><br>10.1 Seventh Amendment to Purchase and Sale Agreement by and between GREIT-One World Trade Center, L.P. and Legacy Partners Realty Fund II, LLC, dated February 22, 2007. <br>
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  	SIGNATURES
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  	Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
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  	G REIT, Inc.
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  	&nbsp;&nbsp;
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  <I>
  	February 26, 2007
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  	By:
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  <I>
  	/s/ Scott D. Peters
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  	&nbsp;
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  <I>
  	Name: Scott D. Peters
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  <I>
  	Title: President and Chief Executive Officer
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  	Exhibit&nbsp;Index
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  	Exhibit No.
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  	Description
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  	10.1
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  Seventh Amendment to Purchase and Sale Agreement by and between GREIT-One World Trase Center, L.P., and Legacy Partners Realty Fund II, LLC, dated February 22, 2007.
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_18466.htm", "description": "LIVE FILING", "secsgml_size_bytes": 11004}]
metadata_filer: {"company-data": {"conformed-name": "G REIT INC", "cik": "0001164246", "assigned-sic": "6798", "irs-number": "522362509", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-50261", "film-number": "07650312"}, "business-address": {"street1": "1551 N TUSTIN AVE", "street2": "STE 200", "city": "SANTA ANA", "state": "CA", "zip": "92705", "phone": "714-667-8252"}, "mail-address": {"street1": "1551 N TUSTIN AVE", "street2": "STE 200", "city": "SANTA ANA", "state": "CA", "zip": "92705"}}
text: G REIT, Inc. (Form: 8-K)
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  FORM 8-K
  CURRENT REPORT
  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  Date of Report (Date of Earliest Event Reported):
  February 22, 2007
  G REIT, Inc.
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Maryland
  0-50261
  52-2362509
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  1551 N. Tustin Avenue, Suite 200, Santa Ana, California
  92705
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  877-888-7348
  Not Applicable
  ______________________________________________
  Former name or former address, if changed since last report
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:
  [  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Top of the Form
  Item 1.01 Entry into a Material Definitive Agreement.
  On February 22, 2007, GREIT-One World Trade Center, L.P. ("Seller"), a wholly-owned subsidiary of GREIT, Inc., entered into a Seventh Amendment to Purchase and Sale Agreement (the "Amendment"), with Legacy Partners Realty Fund II, LLC ("Buyer"). Seller and Buyer are parties to a Purchase and Sale Agreement dated as of August 17, 2006, as amended by six amendments (the "Agreement"), which provides for the sale of the One World Trade Center property located in Long Beach, California for a sales price of $150,000,000.  The material terms of the Amendment extended the closing date of the Agreement to February 28, 2007.  However, closing is subject to certain agreed upon conditions and there can be no assurance that we will be able to complete the disposition of the One World Trade Center property.
  The above description of the Amendment contained in Item 1.01 does not purport to be complete and is qualified in its entirety by reference to the Amendment, which is attached hereto as Exhibit 10.1 to this Current Report on Form 8-K.
  Item 9.01 Financial Statements and Exhibits.
  (d) Exhibit.
  10.1 Seventh Amendment to Purchase and Sale Agreement by and between GREIT-One World Trade Center, L.P. and Legacy Partners Realty Fund II, LLC, dated February 22, 2007.
  Top of the Form
  SIGNATURES
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
  G REIT, Inc.
  February 26, 2007
  By:
  /s/ Scott D. Peters
  Name: Scott D. Peters
  Title: President and Chief Executive Officer
  Top of the Form
  Exhibit Index
  Exhibit No.
  Description
  10.1
  Seventh Amendment to Purchase and Sale Agreement by and between GREIT-One World Trase Center, L.P., and Legacy Partners Realty Fund II, LLC, dated February 22, 2007.