Alexan Black Mountain is a planned 213-unit luxury complex slated for development on an 11-acre site in Henderson, Nevada.

With the fast-paced development of the area, as well as the influx of students to Nevada State College, there exists a strong need for Class A multifamily housing, particularly since college-owned housing is not currently available.

After completion of the development, Behringer Harvard will have the option to purchase this asset at predetermined pricing.

Development plans for Alexan Black Mountain include a total of 219,273 rentable square feet, and the first units will open for residence in late 2007.

Surrounding the site for Alexan Black Mountain is a mixed-used, master-planned area that will support and service Nevada State College, the fastest-growing fouryear college in the state.

Henderson has been called one of the highest growth metro areas in the United States and was named in 2006 as one of the Best Places to Live by Money magazine.

Behringer Harvard is contributing approximately
$9.8 million in mezzanine funds for the development of Alexan Black Mountain with an option to purchase the asset at a predetermined price after completed construction.

Property Highlights:

• Upscale complex with 213 luxury units planned
• Located on a prime 11-acre plot in proximity to Nevada State College