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DALLAS-Two locally based powerhouses, firmly focused ondistressed and value-add deals, are mounting unrelated offensivesfor capital drives totaling nearly $1.3 billion. One fund raisingcould close out today and the other has yet to begin.
Behringer Securities and Behringer Harvard Opportunity REIT IIInc. yesterday filed an SEC registration for a $1-billion offeringthat mirrors Opportunity REIT I. Meanwhile, Highland CapitalManagement LP marked its second trading day as an IPO in a bid toraise $243.52 million. Sources tell GlobeSt.com that HighlandDistressed Opportunities Inc., trading as HCD on the NYSE, couldhit its goal today. Behringer Harvard and Highland executives can'tdiscuss the fiscal moves due to SEC regulations.
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