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At A Glance

REIT Name: Behringer Harvard Opportunity REIT I

IPO Date: September 2005

Total Equity Raised: $539 million

Property Focus: Diversified-commercial

Total Properties: 22

Self-Managed: No

Advisor: LSG-BH I Advisor LLC

Share Redemption Plan: Suspended

Website: www.behringerinvestments.com

Balance Sheet (as of 12/31/16) (in thousands except share data)

Total Assets $254,845

Total Liabilities $169,050

Shareholders' Equity $85,365

Shares Outstandin 56,500,472

Operating Data (01/01/16 through 12/31/16)

Total Revenues $54,364

Total Expenses $80,753

Net Income (Loss) $(19,764)

Net Income (Loss) Per Share $(0.35)

Cash Provided by Operations $(1,338)

Dividends Declared $0

Dividends Per Share $0

Funds From Operations (FFO) NIA

FFO Per Share N/ A

Summary

Behringer Harvard Opportunity REIT I. 

Completed IPO in December 2007 after raising $538 million. As of December 31, 2016, has investments in 5 assets including two wholly-owned properties and three consolidated properties through investments in joint ventures. Also has an investment in a joint venture consisting of 17 properties that are accounted for using the equity method. Investment properties are located in Colorado, Missouri, Texas, The Commonwealth of The Bahamas, the Czech Republic and Poland. Total liabilities were 66% of total assets at end of December. Company has ceased reporting FFO. Company is in various stages of marketing all of its assets for sale. Based on plan of liquidation approved by shareholders in January 2017, company expects to dispose of all of its remaining assets within two years. The company has estimated that total liquidating distributions will be in the range of approximately $1.75 to $2.01 per share. Company has hired an investment banking firm to serve as financial adviser in connection with the evaluation of strategic alternatives and the possible execution of a liquidity event. Distributions and share repurchases continue to be suspended and are not expected to resume. In February 2017 the company engaged an affiliate of The Lightstone Group as its external advisor.


Data referenced from the Direct Investments Spectrum
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