EX-99.1
2
tex99_1.txt
EXHIBIT 99.1
Exhibit 99.1
[LOGO]
BEHRINGER HARVARD
REAL ESTATE INVESTMENTS
FOR IMMEDIATE RELEASE
BEHRINGER HARVARD PURCHASES LANDMARK
IN DALLAS-FORT WORTH METROPLEX
BURNETT PLAZA DOMINATES FORT WORTH'S CENTRAL BUSINESS DISTRICT
DALLAS, FEBRUARY 9, 2006 - Behringer Harvard REIT I, Inc. announced today its
acquisition of Burnett Plaza, one of the largest buildings in the Southwest and
a prominent landmark in the Dallas-Fort Worth metroplex.
Burnett Plaza is a 40-story, Class A office building that provides more than one
million square feet of rentable space. Towering 567 feet high, it dominates the
downtown Fort Worth skyline.
"This asset is the linchpin of a submarket enjoying low vacancy rates in Class A
properties, escalating market rents and good absorption", said Robert Behringer,
chairman and CEO of Behringer Harvard. "We expect Burnett Plaza to provide REIT
investors with an attractive opportunity to capitalize on a core asset in a
prime location with stable current yields backed by major tenants".
Strategically located on the west side of the central business district near
Interstate 30 and the Trinity Railway Express, the 2.24-acre site is immediately
adjacent to Burnett Park, Fort Worth's largest urban greenbelt. The
1,024,627-square-foot tower at 801 Cherry Street offers convenient access to
Sundance Square, the Fort Worth Convention Center, and a famed cultural district
featuring buildings designed by world-renowned architects, including the Kimbell
Art Museum and The Modern Art Museum of Fort Worth.
The building is 97 percent leased, with major tenants including AmeriCredit
Corporation, Burlington Resources, the U.S. Department of Housing and Urban
Development (HUD) and Practitioners Publishing. Management of Burnett Plaza will
be retained by Pennsylvania-based Brandywine Realty Trust. Steve Hentschel of
Lehman Brothers served as an advisor to both Behringer Harvard and Brandywine
Realty Trust.
ABOUT BEHRINGER HARVARD:
Behringer Harvard is an investment company that offers a diverse selection of
real estate funds reflecting core, value-added and opportunistic investment
strategies. Its publicly registered non-traded REITs and limited partnerships
provide strategic opportunities for sellers of institutional-quality real estate
as well as individual investors seeking to diversify their portfolios. The
company's finite-life programs, offered through the independent broker dealer
community, generally feature a total return focus and the financial transparency
of public securities. For more information, call toll-free 866.655.3600 or visit
behringerharvard.com.
THIS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS RELATING TO THE BUSINESS AND
FINANCIAL OUTLOOK OF BEHRINGER HARVARD REIT I, INC. THAT ARE BASED ON OUR
CURRENT EXPECTATIONS, ESTIMATES, FORECASTS AND PROJECTIONS AND ARE NOT
GUARANTEES OF FUTURE PERFORMANCE. ACTUAL RESULTS MAY DIFFER MATERIALLY FROM
THOSE EXPRESSED IN THESE FORWARD-LOOKING STATEMENTS, AND YOU SHOULD NOT PLACE
UNDUE RELIANCE ON ANY SUCH STATEMENTS. A NUMBER OF IMPORTANT FACTORS COULD CAUSE
ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FORWARD-LOOKING STATEMENTS
CONTAINED IN THIS RELEASE. SUCH FACTORS INCLUDE THOSE DESCRIBED IN THE RISK
FACTORS SECTIONS OF THE OFFERING DOCUMENTS FOR THE OFFERING OF EQUITY OF
BEHRINGER HARVARD REIT I, INC. FORWARD-LOOKING STATEMENTS IN THIS DOCUMENT SPEAK
ONLY AS OF THE DATE ON WHICH SUCH STATEMENTS WERE MADE AND WE UNDERTAKE NO
OBLIGATION TO UPDATE ANY SUCH STATEMENTS THAT MAY BECOME UNTRUE BECAUSE OF
SUBSEQUENT EVENTS. WE CLAIM THE SAFE HARBOR PROTECTION FOR FORWARD-LOOKING
STATEMENTS CONTAINED IN THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995.
CONTACTS
CONTACTS
Katie Myers Jason Mattox
Richards/Gravelle Executive Vice President
katie_myers@richards.com Behringer Harvard
214.891.5842 jmattox@behringerharvard.com
866.655.3600
Barbara Marler
Marketing Communications Manager
Behringer Harvard
bmarler@behringerharvard.com
469.341.2312
# # #

EX - 99 . 1 2 tex99 _ 1 . txt EXHIBIT 99 . 1 Exhibit 99 . 1 [ LOGO ] BEHRINGER HARVARD REAL ESTATE INVESTMENTS FOR IMMEDIATE RELEASE BEHRINGER HARVARD PURCHASES LANDMARK IN DALLAS - FORT WORTH METROPLEX BURNETT PLAZA DOMINATES FORT WORTH 'S CENTRAL BUSINESS DISTRICT DALLAS , FEBRUARY 9 , 2006 - Behringer Harvard REIT I , Inc . announced today its acquisition of Burnett Plaza , one of the largest buildings in the Southwest and a prominent landmark in the Dallas - Fort Worth metroplex . Burnett Plaza is a 40 - story , Class A office building that provides more than one million square feet of rentable space . Towering 567 feet high , it dominates the downtown Fort Worth skyline . " This asset is the linchpin of a submarket enjoying low vacancy rates in Class A properties , escalating market rents and good absorption " , said Robert Behringer , chairman and CEO of Behringer Harvard . " We expect Burnett Plaza to provide REIT investors with an attractive opportunity to capitalize on a core asset in a prime location with stable current yields backed by major tenants " . Strategically located on the west side of the central business district near Interstate 30 and the Trinity Railway Express , the 2.24 - acre site is immediately adjacent to Burnett Park , Fort Worth 's largest urban greenbelt . The 1,024,627 - square - foot tower at 801 Cherry Street offers convenient access to Sundance Square , the Fort Worth Convention Center , and a famed cultural district featuring buildings designed by world - renowned architects , including the Kimbell Art Museum and The Modern Art Museum of Fort Worth . The building is 97 percent leased , with major tenants including AmeriCredit Corporation , Burlington Resources , the U . S . Department of Housing and Urban Development ( HUD ) and Practitioners Publishing . Management of Burnett Plaza will be retained by Pennsylvania - based Brandywine Realty Trust . Steve Hentschel of Lehman Brothers served as an advisor to both Behringer Harvard and Brandywine Realty Trust . ABOUT BEHRINGER HARVARD : Behringer Harvard is an investment company that offers a diverse selection of real estate funds reflecting core , value - added and opportunistic investment strategies . Its publicly registered non - traded REITs and limited partnerships provide strategic opportunities for sellers of institutional - quality real estate as well as individual investors seeking to diversify their portfolios . The company 's finite - life programs , offered through the independent broker dealer community , generally feature a total return focus and the financial transparency of public securities . For more information , call toll - free 866 . 655 . 3600 or visit behringerharvard.com . THIS RELEASE CONTAINS FORWARD - LOOKING STATEMENTS RELATING TO THE BUSINESS AND FINANCIAL OUTLOOK OF BEHRINGER HARVARD REIT I , INC . THAT ARE BASED ON OUR CURRENT EXPECTATIONS , ESTIMATES , FORECASTS AND PROJECTIONS AND ARE NOT GUARANTEES OF FUTURE PERFORMANCE . ACTUAL RESULTS MAY DIFFER MATERIALLY FROM THOSE EXPRESSED IN THESE FORWARD - LOOKING STATEMENTS , AND YOU SHOULD NOT PLACE UNDUE RELIANCE ON ANY SUCH STATEMENTS . A NUMBER OF IMPORTANT FACTORS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FORWARD - LOOKING STATEMENTS CONTAINED IN THIS RELEASE . SUCH FACTORS INCLUDE THOSE DESCRIBED IN THE RISK FACTORS SECTIONS OF THE OFFERING DOCUMENTS FOR THE OFFERING OF EQUITY OF BEHRINGER HARVARD REIT I , INC . FORWARD - LOOKING STATEMENTS IN THIS DOCUMENT SPEAK ONLY AS OF THE DATE ON WHICH SUCH STATEMENTS WERE MADE AND WE UNDERTAKE NO OBLIGATION TO UPDATE ANY SUCH STATEMENTS THAT MAY BECOME UNTRUE BECAUSE OF SUBSEQUENT EVENTS . WE CLAIM THE SAFE HARBOR PROTECTION FOR FORWARD - LOOKING STATEMENTS CONTAINED IN THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 . CONTACTS CONTACTS Katie Myers Jason Mattox Richards / Gravelle Executive Vice President katie_myers@richards.com Behringer Harvard 214 . 891 . 5842 jmattox@behringerharvard.com 866 . 655 . 3600 Barbara Marler Marketing Communications Manager Behringer Harvard bmarler@behringerharvard.com 469 . 341 . 2312 # # #