BEHRINGER HARVARD BUYS URBAN, INFILL MIXED-USE PROPERTY IN PACIFIC NW

PORTLAND, ORE. — Behringer Harvard has acquired Tupelo Alley, a mixed-use community consisting of 188 apartment units and approximately 10,000 square feet of retail space in Portland. Located at 3850 N. Mississippi Ave., Tupelo Alley consists of three controlled-access residential buildings, one a mid-rise structure and the other two three stories tall. Constructed in summer 2009, the community is seeking LEED certification. The purchase was made through the joint venture between Behringer Harvard Multifamily REIT I Inc. and PGGM Private Real Estate Fund, an investment vehicle for Dutch pension funds.