With Prices on the Decline, Behringer Harvard Makes $136M M-F Play
October 3rd, 2009
The gap between buyer and seller pricing expectations on commercial real estate is closing, and with owners eager to sell properties to escape debt maturities or just to pocket cash to address financial demands, it has become a buyers market. Taking advantage of the appealing prices, Behringer Harvard has just acquired two apartment properties totaling 746 units in separate transactions valued at an aggregate $136 million.
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