Click here to close now.


Microsoft Cloud Authors: Jordan Sanders, Carmen Gonzalez, Pat Romanski, Keith Mayer, Jayaram Krishnaswamy

News Feed Item

Behringer Harvard Links 2012 Milestones to Strategies for Future Growth

DALLAS, Jan. 8, 2013 /PRNewswire/ -- Mr. Robert S. Aisner, President and CEO of Behringer Harvard, summarized today the key milestones achieved by the firm in 2012 and their anticipated role in the company's strategic growth in 2013 and beyond.


"During 2012, we deepened our management bench and expanded our capacity to offer innovative investment opportunities by partnering with best-in-class providers of specialized services and related expertise," said Mr. Aisner. "For example, our joint venture with Prospect Capital Management LLC will enable us to offer corporate debt and equity investments that address the challenges presented by today's low-yielding fixed-income vehicles."

"Our focus on real estate investment opportunities continues with our newly launched net lease platform and planned real estate investment trust program. These new strategies will focus on providing attractive levels of fixed income, targeting repeatable cash distributions and tax efficiencies," Mr. Aisner added. "I believe these and other initiatives we will pursue during 2013 are paving the way to help us meet the evolving needs and objectives of investors."

Addition of Key Personnel

The addition of key personnel in 2012 demonstrates Behringer Harvard's commitment to the industry and to its shareholders. As previously announced, Mr. Michael O'Hanlon, a seasoned industry veteran, assumed leadership of the company's opportunity platform.

Our distribution platform, under the direction of Mr. Frank Muller, hired Mr. Mark Petersen to direct the company's retail distribution strategies. Mr. Muller also hired two institutional sales directors: Mr. Michael Davis, who serves the eastern region, and Mr. Casey Herren, who serves the western region. These two executives are expanding the firm's capability to provide innovative alternative investments to family offices, high-net-worth investors and pension plans.

Additional new hires in 2012 strengthened and diversified the firm's distribution platform by expanding the company's due diligence and national accounts teams. These personnel include Mr. Patrick Jez and Mr. Roland Quast.

Also, Mr. Brad Watt came aboard to launch the firm's net leasing platform. This new capability will be expanded into both retail and institutional channels.

Continued Investments and Program Innovations

"We continued to innovate in 2012 in ways that are enhancing and extending our investment program offerings and expanding our capital sources and distribution channels," Mr. Aisner concluded. "We will continue to focus – in 2013 and beyond – on expanding our investment program offerings in ways that address the evolving needs of both institutional and retail investors. Leveraging our entrepreneurial legacy, our goal is to offer innovative products that provide enhanced options for allocating capital, managing risk and diversifying assets while introducing different streams of income and return to investors."

Behringer Harvard Multifamily REIT I, Inc.

A Behringer Harvard investment program that continued in its acquisition phase, Behringer Harvard Multifamily REIT I, Inc. made eight additional property investments during the first nine months of 2012. The Behringer Harvard Multifamily REIT I, Inc. portfolio included investments in 48 multifamily communities in 14 states comprising 12,996 apartment homes, as of September 30, 2012. Among these assets, 12 involve development projects in various stages of construction, and two are stabilized properties that were acquired in 2012.

Behringer Harvard Multifamily REIT I, Inc. continued to focus during 2012 on investments in the top 50 metropolitan statistical areas, with an emphasis on coastal and southern growth markets. Performance of this REIT's property assets was strong in the first nine months of 2012, with total rental revenue increasing by 23 percent compared with the first nine months of 2011. This REIT will continue to focus in 2013 primarily on new development projects, where yields are expected to be comparatively more attractive as cap rates compress for highly amenitized multifamily communities in core growth markets.

Behringer Harvard REIT I, Inc.

Behringer Harvard's largest REIT to date, Behringer Harvard REIT I, Inc. became self-managed in late August 2012. This is expected to position the REIT for operational cost savings as well as structural flexibility that will facilitate a future liquidity event.

Behringer Harvard REIT I, Inc. continued to focus on a business plan that includes strengthening its balance sheet, improving occupancy and strategically disposing of selected assets. During the first nine months of 2012, the REIT reduced its geographic footprint by disposing of five properties and exiting two markets. These activities are expected to reduce leverage requirements and strengthen the balance sheet over time, further positioning the REIT for a liquidity event. This REIT owned and managed a portfolio of 52 assets, representing more than 20.6 million square feet of office space, as of September 30, 2012.

The business unit responsible for property management of Behringer Harvard's office assets was recognized for excellence again in 2012. The BOMA 360 Performance Program, sponsored by the Building Owners and Managers Association (BOMA) International, evaluates properties in six major areas to benchmark the performance of a specific property against industry standards. About half the company's office portfolio has been awarded the BOMA 360 designation. Behringer Harvard also was included on the "Best of the Best" list published by Midwest Real Estate News in the property management and property owner categories.

About Behringer Harvard

Across all its investment platforms through the third quarter of 2012, Behringer Harvard had investments in or managed more than 37.5 million square feet of properties of all types. These assets included approximately 24.7 million square feet of office/industrial/retail space, 14,735 apartment units, 1,539 hotel rooms and 792 acres of land for development, employing more than 600 people across the United States and Europe.

Some Behringer Harvard investment programs in later phases of their life cycles continued to respond to economic challenges. However, operating results improved on several fronts. For example, through the first nine months of 2012, Behringer Harvard Opportunity REIT I, Inc. increased its liquidity nearly fourfold, reduced debt by approximately 30 percent and replaced much of the remaining debt at a lower interest rate.

Behringer Harvard creates and manages global institutional-quality alternative investment programs for individual and institutional investors. Programs sponsored and managed by the Behringer Harvard group of companies have attracted equity of more than $6 billion and made investments into more than $11 billion in assets. For more information, contact our U.S. headquarters toll-free at 866.655.3600 or our European headquarters at 011 49 40 34 9999 90, or visit us online at

This release contains forward-looking statements relating to the business and financial outlook of Behringer Harvard Multifamily REIT I, Inc. and/or Behringer Harvard REIT I, Inc. and/or Behringer Harvard Opportunity REIT I, Inc. and/or Behringer Harvard Opportunity REIT II, 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 shares and/or the Annual Reports on Form 10-K for the year ending December 31, 2011, for Behringer Harvard Multifamily REIT I, Inc.; Behringer Harvard REIT I, Inc.; Behringer Harvard Opportunity REIT I, Inc.; and Behringer Harvard Opportunity REIT II, Inc., each as supplemented in Quarterly Reports on Form 10-Q. 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.


SOURCE Behringer Harvard

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data shows "less than 10 percent of IoT developers are making enough to support a reasonably sized team....
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York and Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound cha...
Just over a week ago I received a long and loud sustained applause for a presentation I delivered at this year’s Cloud Expo in Santa Clara. I was extremely pleased with the turnout and had some very good conversations with many of the attendees. Over the next few days I had many more meaningful conversations and was not only happy with the results but also learned a few new things. Here is everything I learned in those three days distilled into three short points.
DevOps is about increasing efficiency, but nothing is more inefficient than building the same application twice. However, this is a routine occurrence with enterprise applications that need both a rich desktop web interface and strong mobile support. With recent technological advances from Isomorphic Software and others, rich desktop and tuned mobile experiences can now be created with a single codebase – without compromising functionality, performance or usability. In his session at DevOps Summit, Charles Kendrick, CTO and Chief Architect at Isomorphic Software, demonstrated examples of com...
As organizations realize the scope of the Internet of Things, gaining key insights from Big Data, through the use of advanced analytics, becomes crucial. However, IoT also creates the need for petabyte scale storage of data from millions of devices. A new type of Storage is required which seamlessly integrates robust data analytics with massive scale. These storage systems will act as “smart systems” provide in-place analytics that speed discovery and enable businesses to quickly derive meaningful and actionable insights. In his session at @ThingsExpo, Paul Turner, Chief Marketing Officer at...
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
In his General Session at 17th Cloud Expo, Bruce Swann, Senior Product Marketing Manager for Adobe Campaign, explored the key ingredients of cross-channel marketing in a digital world. Learn how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects).
We all know that data growth is exploding and storage budgets are shrinking. Instead of showing you charts on about how much data there is, in his General Session at 17th Cloud Expo, Scott Cleland, Senior Director of Product Marketing at HGST, showed how to capture all of your data in one place. After you have your data under control, you can then analyze it in one place, saving time and resources.
The Internet of Everything is re-shaping technology trends–moving away from “request/response” architecture to an “always-on” Streaming Web where data is in constant motion and secure, reliable communication is an absolute necessity. As more and more THINGS go online, the challenges that developers will need to address will only increase exponentially. In his session at @ThingsExpo, Todd Greene, Founder & CEO of PubNub, exploreed the current state of IoT connectivity and review key trends and technology requirements that will drive the Internet of Things from hype to reality.
Two weeks ago (November 3-5), I attended the Cloud Expo Silicon Valley as a speaker, where I presented on the security and privacy due diligence requirements for cloud solutions. Cloud security is a topical issue for every CIO, CISO, and technology buyer. Decision-makers are always looking for insights on how to mitigate the security risks of implementing and using cloud solutions. Based on the presentation topics covered at the conference, as well as the general discussions heard between sessions, I wanted to share some of my observations on emerging trends. As cyber security serves as a fou...
With all the incredible momentum behind the Internet of Things (IoT) industry, it is easy to forget that not a single CEO wakes up and wonders if “my IoT is broken.” What they wonder is if they are making the right decisions to do all they can to increase revenue, decrease costs, and improve customer experience – effectively the same challenges they have always had in growing their business. The exciting thing about the IoT industry is now these decisions can be better, faster, and smarter. Now all corporate assets – people, objects, and spaces – can share information about themselves and thei...
Continuous processes around the development and deployment of applications are both impacted by -- and a benefit to -- the Internet of Things trend. To help better understand the relationship between DevOps and a plethora of new end-devices and data please welcome Gary Gruver, consultant, author and a former IT executive who has led many large-scale IT transformation projects, and John Jeremiah, Technology Evangelist at Hewlett Packard Enterprise (HPE), on Twitter at @j_jeremiah. The discussion is moderated by me, Dana Gardner, Principal Analyst at Interarbor Solutions.
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
Discussions of cloud computing have evolved in recent years from a focus on specific types of cloud, to a world of hybrid cloud, and to a world dominated by the APIs that make today's multi-cloud environments and hybrid clouds possible. In this Power Panel at 17th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the importance of customers being able to use the specific technologies they need, through environments and ecosystems that expose their APIs to make true change and transformation possible.
The Internet of Things is clearly many things: data collection and analytics, wearables, Smart Grids and Smart Cities, the Industrial Internet, and more. Cool platforms like Arduino, Raspberry Pi, Intel's Galileo and Edison, and a diverse world of sensors are making the IoT a great toy box for developers in all these areas. In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists discussed what things are the most important, which will have the most profound effect on the world, and what should we expect to see over the next couple of years.
Microservices are a very exciting architectural approach that many organizations are looking to as a way to accelerate innovation. Microservices promise to allow teams to move away from monolithic "ball of mud" systems, but the reality is that, in the vast majority of organizations, different projects and technologies will continue to be developed at different speeds. How to handle the dependencies between these disparate systems with different iteration cycles? Consider the "canoncial problem" in this scenario: microservice A (releases daily) depends on a couple of additions to backend B (re...
The cloud. Like a comic book superhero, there seems to be no problem it can’t fix or cost it can’t slash. Yet making the transition is not always easy and production environments are still largely on premise. Taking some practical and sensible steps to reduce risk can also help provide a basis for a successful cloud transition. A plethora of surveys from the likes of IDG and Gartner show that more than 70 percent of enterprises have deployed at least one or more cloud application or workload. Yet a closer inspection at the data reveals less than half of these cloud projects involve production...
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Day 2 Keynote at 17th Cloud Expo, Sandy Carter, IBM General Manager Cloud Ecosystem and Developers, and a Social Business Evangelist, wil...
PubNub has announced the release of BLOCKS, a set of customizable microservices that give developers a simple way to add code and deploy features for realtime apps.PubNub BLOCKS executes business logic directly on the data streaming through PubNub’s network without splitting it off to an intermediary server controlled by the customer. This revolutionary approach streamlines app development, reduces endpoint-to-endpoint latency, and allows apps to better leverage the enormous scalability of PubNub’s Data Stream Network.
Container technology is shaping the future of DevOps and it’s also changing the way organizations think about application development. With the rise of mobile applications in the enterprise, businesses are abandoning year-long development cycles and embracing technologies that enable rapid development and continuous deployment of apps. In his session at DevOps Summit, Kurt Collins, Developer Evangelist at, examined how Docker has evolved into a highly effective tool for application delivery by allowing increasingly popular Mobile Backend-as-a-Service (mBaaS) platforms to quickly crea...