Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DALLAS-Behringer Harvard Multifamily REIT I Inc. has jump-started an IPO to raise $2 billion of equity via a common stock sale. The fund targets acquisition, development and investment of high-end multifamily properties in the US.

In a press release issued this morning, the common stock is priced at $10 per share. In addition, up to 50 million shares of common stock in its distribution reinvestment plan is available for $9.50 per share.

Dallas-based Behringer Harvard’s specialty REIT is headed up by Mark T. Alfieri, who joined the company in 2006 as COO to develop a multifamily investment group. The launch comes within weeks of Behringer Harvard’s series of promotions by Robert Behringer, a move reflecting the significance of the office and multifamily sectors import to the operation and the leaders he’s put in place.

An interview wasn’t available by this morning’s deadline. The multifamily REIT was formed in August 2006. In an SEC filing, the REIT reported it owns joint venture interests in three mezzanine loans for affiliates of Fairfield Residential LLC, the guarantor of the three projects. The investment is $32.7 million at the end of the second quarter. Additional details about the REIT’s IPO and investments will be detailed in a subsequent article.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.