438-UNIT MULTIFAMILY COMMUNITY ACQUIRED IN LOS ANGELES

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Los Angeles — Behringer Harvard has purchased The Gallery at NoHo Commons, a 438-unit multifamily community built in 2007. Located at 5416 N. Fairview Avenue adjacent to the North Hollywood Metro Station in Los Angeles, the development consists of five four-story residential buildings with amenities including a resort-style swimming pool and spa in a landscaped plaza, a state-of-the-art fitness center, a business center, a social lounge, a recording studio and two five-story parking garages. The purchase price was not disclosed.

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