| Property Name: | Northwest Highway Land/Bretton Woods |
| Location: | Dallas, Texas |
| Description: | Development construction has been completed on this land parcel located at Northwest Highway and
Midway Road in Dallas. Stephenson Custom Homes has been selected to be the exclusive home builder for
this upscale community, and it has purchased one lot on which it is to build a model home. Construction
on the model home is expected to commence in October 2007. Plans for this land call for the development of a total of up to five speculative homes, which are expected to help stimulate interest in this community. Briggs-Freeman will be the listing agent. |
| Year Built: | 2006 |
| Asset Size: | 4.97 acres |
| Asset Submarket: | Northwest Dallas |
| Acquisition Date: | March 2005 |
| Asset Type: | Land held for development |
| Investment of Behringer Harvard Fund(s): |
Short-Term Opportunity Fund I LP |


