Behringer Harvard Summarizes 2011 Activities and Milestones

DALLAS, TX, Jan. 9, 2012 /PRNewswire/ -- Behringer Harvard's key milestones in 2011 were summarized today by Mr. Robert S. Aisner (top right photo), President and CEO of Behringer Harvard.

"We were pleased and gratified to celebrate the 10th anniversary of Behringer Harvard in 2011," said Mr. Aisner.

 "We are proud of our evolution thus far, which started with two predecessor organizations that began offering alternative investment opportunities in 1989.

“Although all our business units have faced economic headwinds, I believe we made significant progress during the last year in setting the stage for another decade of growth and expanded opportunity for Behringer Harvard and our various constituencies."

Behringer Harvard's multifamily platform received a boost in December 2011 via a new co-investment partnership with one of the world's largest pension funds, advised by Heitman LLC, a multinational real estate investment management firm with more than $23 billion in assets under management.

For a complete copy of the company’s news release, please contact:

Barbara Marler of Behringer Harvard, bmarler@behringerharvard.com, +1-469-341-2312, or Jodi Phillip of Richards Partners for Behringer Harvard, jodi_phillip@richards.com, +1-214-891-5883

Web Site: http://www.bhfunds.com/

Behringer Harvard Acquires Second Multifamily Property in Fort Lauderdale Metro Area

DALLAS, TX  /PRNewswire/ -- Behringer Harvard announced today its acquisition of a 280-unit, garden-style multifamily community at 5750 Lakeside Drive, immediately east of U.S. Highway 441 in Margate, Florida.

 The community, which will be rebranded as Lakes of Margate (middle right photo), comprises 13 apartment buildings of two or three stories each, a clubhouse, and two storage buildings, all constructed in 1986-1987 on a 13.8-acre site 15 miles southeast of Fort Lauderdale-Hollywood International Airport.

"Lakes of Margate is a well-leased multifamily community with a long history of stabilized occupancy in one of Fort Lauderdale's strongest apartment submarkets. This property also offers strong potential for value creation through unit upgrades," said Mr. Samuel A. Gillespie, Chief Operating Officer of Behringer Harvard Opportunity REIT II, Inc.

 "We're pleased to pursue a second co-investment project with Grand Peaks Properties, a respected real estate firm with strong experience in strategically acquiring and managing multifamily communities across the country."

Behringer Harvard acquired a 92.5 percent ownership interest in Lakes at Margate, which was purchased for the portfolio of Behringer Harvard Opportunity REIT II, Inc.

Denver-based Grand Peaks Properties acquired a 7.5 percent ownership interest and will assume management of the property. Lakes of Margate was 94 percent leased as of September 30, 2011.

 The new owners plan to invest approximately $2.3 million in capital improvements including upgrades to the apartment units.

Contact:  Barbara Marler of Behringer Harvard, +1-469-341-2312, bmarler@behringerharvard.com; or Nicole Traycoff of Richards Partners for Behringer Harvard, +1-214-891-5751, nicole_traycoff@richards.com

Web Site: http://www.bhfunds.com/