Behringer Harvard REIT II: A $2 Billion Private REIT Filing

By Douglas A. McIntyre Updated Mar 26, 12:48PM EDT · Published Apr 9, 11:43AM EDT

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Behringer Harvard REIT II, Inc., a REIT, or real estate investment trust, submitted a filing to allow for a share offering today. The offering shows a $10 price per share for 200 million shares for proceeds of up to $2,475,500,000. The REIT does not intend to trade on a national securities exchange and no underwriters were listed for the offering. The filing also goes out to 2010.

Dallas-based Behringer Harvard REIT II plans to conduct its operations through its Operating Partnership with Behringer Harvard Operating Partnership II LP. They intend to focus on seasoned and stable commercial real estate and real estate-related assets, rather than opportunistic real-estate investments, in the United States and possibly in other countries. They are advised by Behringer Advisors II LP, an affiliate of their sponsor, Behringer Holdings LLC. As the company plans to structure the offering as a REIT, it will be exempt from federal income tax on income distributed to their shareholders. The CEO, Chief Investment Officer, and Chairman of the Board, Robert Behringer has sponsored four publicly-offered REITs as well as several other real estate-related holdings.

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Rachel Lopez
April 9, 2008

About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.