| Property Name: | Three Two Three Tahoe |
| Location: | Stateline, Nevada |
| Description: | Three Two Three Tahoe is a planned six-story, 49 unit luxury condominium development in the South Lake Tahoe community of Stateline, Nevada. The building will be constructed atop Kingsbury Grade and offer spectacular views of Lake Tahoe and Carson Valley. Building quality, finishes, services and amenities are expected to surpass existing condominium developments in the area. Once completed, this property will represent one of the last remaining entitled whole-share (non-timeshare) condominium developments in South Lake Tahoe. The accumulation and consolidation of these development rights are the result of 15 years of effort. A supply constrained market, an amenity-rich location, the lack of competition, high barriers to entry, and a favorable tax climate make this development ideal for the Fund’s opportunistic investment strategy. |
| Year Built: | In Development |
| Asset Size: | 188,406 sq. ft. (49 units) |
| Acquisition Date: | December 2005 |
| Investment of Behringer Harvard Fund(s): |
Strategic Opportunity Fund I LP |
