Behringer Harvard Sells Houston Office Property

Regions Southwest | Houston
Behringer Harvard Sells Houston Office Property
July 8, 2008

Behringer Harvard announced today the sale of Enclave on the Lake, an approximately 171,000-square-foot office building in the Energy Corridor of west Houston, Texas. This asset was one of the 36 properties purchased during the first acquisition phase of the company's Behringer Harvard REIT I Inc. Investing in April 2004 with other tenants-in-common investors under the sponsorship of Behringer Harvard, Behringer Harvard REIT I Inc. acquired a 36 percent interest in Enclave on the Lake. As a result of this disposition, the REIT and other TIC investors will realize an annualized cash-on-cash return of approximately 19 percent.

 
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