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LOS ANGELES-Privately held BH Properties, following $100 millionof investments in 2006, has $250 million in hand to invest in newproperties throughout the US by the end of 2007. With thecombination of its existing $350 million of holdings and theadditional investments this year, the Los Angeles-based companyaims to meet its growth target of $600 million in holdings by theend of 2007.

The company, which specializes in value-added deals, will belooking for opportunities in retail, office andwarehouse/industrial properties in targeted regional markets,according to Steve Gozini, president of BH. Gozini says that someof the company's most profitable investments are properties that"do not meet the criteria for acquisition by large institutionalinvestors or individual investors."