BEHRINGER HARVARD LAUNCHES BH CAPITAL TO TARGET DEBT INVESTMENTS

DALLAS — Dallas-based Behringer Harvard has formed BH Capital, LLC, a Behringer Harvard-related company focusing on the acquisition of small-balance debt instruments sold on the secondary market via individual transactions or portfolio sales. BH Capital's investment strategy is to take advantage of opportunities presented by recent economic disruptions to acquire a blend of performing and non-performing loans secured by commercial real estate and other types of commercial/industrial assets. BH Capital plans to acquire loans originating from the full spectrum of U.S. financial institutions, including sound, distressed and failed entities. The company will create and manage a series of private, closed-end funds which will be offered to accredited and institutional investors. It will operate as a separate entity while leveraging Behringer Harvard's comprehensive institutional-quality infrastructure, commercial real estate capabilities and shared services for marketing, accounting, human resources, legal/compliance, due diligence and other functions.