Behringer Harvard REIT I, Inc.
Behringer Harvard REIT I, Inc. is a real estate investment trust created to primarily acquire a portfolio of office properties located in markets and submarkets with identified barriers to new development activity.
The Behringer Harvard REIT I, Inc. is for investors seeking:
- Investment portfolio diversification
- Capital preservation
- Current cash distributions
- Capital appreciation
- Conservative leverage
The REIT
This publicly registered, non-listed REIT offers common stock at $10 per share with a minimum investment of $2,000 (some states may vary). Stockholders may acquire its common stock at $9.50 per share through its distribution reinvestment plan.
- Strategy–Our plan is to acquire, operate, and enhance properties with attributes identified as having the greatest probability to produce current income and increase in value over the life of the REIT.
- Targeted Assets–We generally target institutional-quality office properties with premier business addresses and desirable locations, personalized amenities, and high-quality construction with highly creditworthy commercial tenants. (We may also invest in institutional-quality industrial, retail, hospitality, multifamily and other real properties; real estate-related securities; or collateralized mortgage-backed securities; mortgage, bridge, or mezzanine loans; or in entities that make similar investments.)
- Targeted Markets–We look for markets and submarkets of major metropolitan cities with identified barriers to new development activity and consistent demand, each of which creates a greater possibility that existing properties will increase in value over time.
- Holding Period–The holding period of approximately eight years to 12 years from termination of the initial public offering is designed to capitalize on the REIT’s asset characteristics for potential increased current income, and to position the assets for capital appreciation.
- Conservative Leverage–The REIT’s policy is to generally limit aggregate borrowings to approximately 55 percent of aggregate asset value once we have ceased raising capital and invested substantially all of our capital.
- Defined Exit Strategy–We plan a timely disposition of assets consistent with the defined holding period, or an exchange listing.
REIT Portfolio
To view the properties in this REIT, please click here.
Governance Documents
The board of directors of Behringer Harvard REIT I has established certain Corporate Governance Committees and adopted a Code of Business Conduct. To view the Committee Charters and Code of Business Conduct, see our Governance Documents.
Risk Factors
Behringer Harvard REIT I, Inc. was formed June 26, 2002. There can be no assurance the investment objectives described herein will be achieved. This investment is subject to substantial risks. These risks include the following:
- absence of a public market for these securities
- limited operating history
- absence of properties identified for acquisition
- limited transferability and lack of liquidity
- reliance on the REIT's advisor
- payment of significant fees to the advisor and its affiliates
- potential conflicts of interest
- investments in real estate-related securities, collateralized mortgage-backed securities, and mezzanine loans
This investment is not suitable for all investors. Refer to the prospectus for a more detailed discussion of risks and suitability standards in your state.
Offering Availability: Available in all U.S. states.
Investing in America's Commercial Real Estate