Company Overview

Headquartered in the Dallas Metroplex, Behringer Harvard evolved from two predecessor companies—Behringer Partners and Harvard Property Trust, Inc.—which began operations in 1989.

Today, Behringer Harvard is a real estate company investing in assets domestically and internationally. The company manages real estate programs across a wide spectrum of investment styles for retail investors, as well as domestic and international institutions, through its real estate investment trusts, partnerships, joint ventures, and innovative program structures.

The Behringer Harvard Difference

Approach to Real Estate

When acquiring real estate for the long term, Behringer Harvard focuses primarily on institutional-quality real estate investments. Clearly defined holding periods and exit strategies are a hallmark of Behringer Harvard’s approach to real estate. The company structures its programs to employ distinct acquisition strategies, backs them with institutional-quality commercial assets, and manages them using time-tested operational techniques that focus on economies of scale and enhanced value at the time of the asset disposition. Behringer Harvard also maintains ongoing relationships with strategic partners, including leading national firms, in order to leverage these partners’ national and local relationships, expertise, and buying power economies. This approach also allows Behringer Harvard to focus on enhancing the value of its real estate assets.

A Range of Real Estate Investment Strategies

The Behringer Harvard business model brings together under one umbrella a range of widely accessible real estate programs pursuing core, value-added and opportunistic real estate acquisition, operation, and disposition strategies.

Core Strategies

Core real estate programs generally employ conservative operational strategies for lower-risk properties held for a relatively long term. The managers of Behringer Harvard's core real estate programs seek properties that are expected to provide higher income yield with stable bond-like current income characteristics, diversification and inflation-hedging benefits. Capital appreciation expectations are moderate for this type of asset holding strategy. To achieve this combination of attributes, Behringer Harvard managers generally seek well-established markets and stable, well-leased, well-maintained buildings with conservative leverage and minimum capital improvement and repair requirements. To further moderate risk, these programs target properties with multiple, highly creditworthy tenants in geographically diverse markets.

Value-Added Strategies

Value-added real estate programs usually assume a moderate level of risk with the goals of buying properties, improving or repositioning them to increase current yield and then selling when market conditions are ripe for achieving capital appreciation. The managers of Behringer Harvard's value-added programs seek to acquire properties that exhibit management or operational challenges such as below-market occupancy rates, require physical improvement or suffer from capital constraints. The asset financing in this category often features moderate leverage levels. To add value to the property, fund managers may attempt to retenant, recapitalize, or reposition the property.

Opportunistic Strategies

Opportunistic real estate programs assume greater risks with the objective of generating the highest possible returns and short-term capital appreciation, with generally minimal current income. Behringer Harvard opportunistic program managers seek a broader range of properties that present significant opportunities for near-term capital appreciation, often in markets with higher volatility in occupancy, lease rates and sale prices, lower barriers to entry and high growth potential. Acquisitions may be concentrated in limited geographic areas. To add value to the property, Behringer Harvard managers may attempt to retenant, recapitalize, or even develop or redevelop the property.

Experienced Management

Behringer Harvard real estate acquisitions are managed by a seasoned, cohesive team of real estate professionals. Our highly skilled real estate experts have extensive experience in the strategic acquisition and operation of a wide variety of institutional-quality commercial properties in geographically diverse and dynamic markets. They also receive counsel from independent directors or advisory boards composed of industry leaders, and are supported by the advice and financial contributions of institutional and individual investors. The combined talents of our management, directors, and advisory boards represent significant experience with virtually all property types, geographic regions, and economic environments.

The Behringer Harvard management team draws upon a depth of knowledge gained through real-world experience. Behringer Harvard is now positioned as one of the nation's fastest growing commercial real estate companies.

For More Information

To learn more about Behringer Harvard, call 866.655.3600 or visit behringerharvard.com. 

This material is neither an offer to sell nor the solicitation of an offer to buy any security, which can be made only by a prospectus, filed or registered with appropriate state and federal regulatory agencies, and sold by broker-dealers authorized to do so. This material must be preceded or accompanied by, and read in conjunction with, a prospectus to fully understand the implications and risks of the offering of securities to which this material relates. Behringer Harvard securities are offered by Behringer Securities LP as dealer manager. Behringer Securities LP is a member of FINRA/SIPC.

NEITHER THE ATTORNEY GENERAL OF THE STATE OF NEW YORK NOR ANY OTHER STATE SECURITIES REGULATOR HAS PASSED ON OR ENDORSED THE MERITS OF ANY OFFERING OF BEHRINGER HARVARD SECURITIES. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

An investment in a Behringer Harvard program is subject to substantial risks. These risks include absence of a public market for these securities, lack of an operating history, absence of properties identified for acquisition, limited transferability and lack of liquidity, reliance on the program's advisor, payment of significant fees to the advisor and its affiliates, potential conflicts of interest, potential development risks and construction delay, risks associated with lending activities, and lack of diversification in property holdings until significant funds have been raised. Such investments are not suitable for all investors. Refer to the applicable prospectus for a more detailed discussion of risks.