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Behringer Harvard To Form Public REIT

Dallas-based Investor Registers With SEC for Stock Sale
By Tim Trainor
CoStar News
September 4, 2002 | 8:33 P.M.

Famed Dallas-based real estate investor Robert Behringer is launching Behringer Harvard REIT I, a newly organized Maryland corporation affiliated with his Dallas-based Behringer Harvard Funds. In a registration statement filed with the Securities and Exchange Commission, the company said it is planning to raise acquisition funds by selling to the public a maximum of 80,000,000 shares and a minimum of 250,000 shares of common stock for $10 per share, plus an additional 8,000,000 shares at $10 per share pursuant to its dividend reinvestment plan. The new REIT is being formed to acquire and operate "institutional quality office buildings" and other commercial real properties as well as to provide commercial mortgage financing for the proposed purchases. The company said information regarding any proposed property acquisition will be included in a prospectus supplement to be contained in a post-effective amendment to the registration statement to be filed with the SEC in connection with the proposed offering.

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