BEHRINGER HARVARD INVESTS IN LUXURY MULTIFAMILY DEVELOPMENT

HOUSTON — Behringer Harvard, which manages global institutional-quality investment programs for individual and institutional investors through its real estate investment trusts, has invested in The Domain at Eldridge, a 320-unit luxury multifamily community slated for development in Houston's Energy Corridor. Behringer Harvard has provided mezzanine financing for the construction of The Domain at Eldridge, which will begin construction this spring at a 9.9-acre site on Crescent Plaza Drive near the southeast corner of Eldridge Parkway and Briar Forest Drive. First units available for lease are expected in Spring 2012. Simmons Vedder Partners will develop the property, while financing for its construction will be provided by JPMorgan Chase. Units at The Domain at Eldridge are expected to average 970 square feet, offering one or two bedrooms and bathrooms.