Behringer Harvard Completes REIT Offering

Behringer Harvard Opportunity REIT I, a nontraded real estate investment trust, has reached full subscription, according to Behringer Harvard, a Dallas-based commercial real estate company. The REIT generated approximately $530 million in gross offering proceeds through the sale of approximately 53.1 million shares in its primary offering, the company reported. The company said the REIT will invest primarily in commercial real estate with "value-added and opportunistic characteristics" that are either operating or newly constructed and that may require development, redevelopment, or repositioning to achieve favorable returns. Behringer Harvard can be found on the Web at http://www.bhfunds.com.