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Behringer Harvard Multifamily REIT I, Inc.

Behringer Harvard Multifamily REIT I, Inc. is a real estate investment trust created to primarily acquire a portfolio of high-quality multifamily communities, including conventional multifamily assets, such as mid-rise, high-rise, and garden-style properties; age-restricted residences (typically requiring tenants to be 55 or older); and student housing. For detailed information about this REIT, please refer to the prospectus.

Behringer Harvard Multifamily REIT I, Inc. is for investors seeking:

  • Capital preservation
  • Capital appreciation
  • Current cash distributions
  • Attractive total returns
  • Portfolio diversification
  • A mid-term holding period

The REIT

Behringer Harvard Multifamily REIT I, Inc. is a publicly registered, non-listed REIT. Common stock is offered at $10.00 per share with a minimum investment of $2,000 (except in NY where the minimum is $2,500). The REIT’s offering size is $2,000,000,000 in primary shares with an additional $475 million set aside for distribution reinvestment. Primary shares are offered at $10.00 per share, and shares available through the distribution reinvestment plan are priced at $9.50 per share.

  • REIT Strategies–The REIT will focus on acquiring a blended portfolio consisting of core, stabilized, income-generating assets; assets for repositioning, renovation, or redevelopment to core status; and development assets for stabilization to core asset status. Development investments may include making an equity investment in the project or making a mezzanine construction loan with a right to acquire equity in the project.
  • Targeted Assets–The REIT will focus on a portfolio of high-quality multifamily communities, including conventional multifamily assets such as mid-rise, high-rise and garden-style properties, student housing and age-restricted residences. The REIT provides investors with an opportunity to add targeted diversity in multifamily assets, which can enhance investment portfolio diversification and potentially protect against the cyclical nature of real estate.
  • Targeted Markets–The REIT focuses on the top 50 metropolitan statistical areas in the United States and other markets that are deemed likely to benefit from ongoing population shifts, that are poised for strong local economic growth, or that are in higher barrier-to-entry markets. The REIT will target transit-oriented locations for its investments in multifamily communities, and will also favor investments in multifamily communities that serve as "live-work" communities. Diversification will be sought through carefully planned acquisitions and developments.
  • Program Period–This REIT has an intended life of approximately four to six years from the termination of its first public offering. The holding period is designed to capitalize on REIT assets and market characteristics for potential capital appreciation.
  • Investor Exit Strategy–The REIT intends to achieve total return results through timely distribution of its assets, sale or merger of the REIT or exchange listing consistent with its targeted life.
  • Partially Defined Portfolio–The REIT raised more than $127 million in a private offering, which was used to make initial investments in 10 multifamily assets.

REIT Portfolio

To view the properties in this REIT, please click here.

Governance Documents

The board of directors of Behringer Harvard Multifamily REIT I has established certain Corporate Governance Committees and adopted a Code of Business Conduct. To view the Committee Charters and Code of Business Conduct, see our Governance Documents.

IMPORTANT RISK FACTORS TO CONSIDER

Behringer Harvard Multifamily REIT I, Inc. was formed in August 2006. There can be no assurance the investment objectives described herein will be achieved. This investment is subject to substantial risks. These risks include the following:

  • absence of a public market for these securities
  • lack of an operating history
  • absence of properties identified for acquisition
  • limited transferability and lack of liquidity
  • risks associated with lending activities
  • no assurance that distributions will continue to be made or that any particular rate of distribution will be maintained
  • reliance on the investment REIT’s advisor
  • payment of significant fees to the advisor and its affiliates
  • potential conflicts of interest
  • lack of diversification in property holdings until significant funds have been raised
  • potential development risks and construction delays
  • risk associated with mezzanine financing
  • the potential inability to retain current residents and attract new residents due to a competitive housing market
  • risk the program will not achieve all of its objectives if it does not fully complete its current securities offering.

These risks may impact Behringer Harvard Multifamily REIT I’s ability to make distributions as stated in the current prospectus. Real Estate investment programs are not suitable for all investors. Refer to the prospectus for a more detailed discussion of risks and suitability standards in your state. The properties depicted herein may not be owned by the REIT and may not be representative of those actually acquired by the REIT.

This document contains forward-looking statements relating to the business and financial outlook of Behringer Harvard Multifamily REIT I, Inc. that are based on our current expectations, estimates, forecasts and projections and are not guarantees of future performance. Actual results may differ materially from those expressed in these forward-looking statements, and you should not place undue reliance on any such statements. A number of important factors could cause actual results to differ materially from the forward-looking statements contained in this document. Such factors include those described in the Risk Factors sections of the offering documents for the offering of shares of Behringer Harvard Multifamily REIT I, Inc. Forward-looking statements in this document speak only as of the date on which such statements were made, and we undertake no obligation to update any such statements that may become untrue because of subsequent events. We claim the safe harbor protection for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. This document illustrates a representative sample of investments in properties that are wholly or partially owned by Behringer Harvard Multifamily REIT I, Inc. Partially-owned properties are identified as such. Certain depictions of to-be-developed projects are artist’s renderings. These securities are offered by Behringer Securities LP as dealer manager. This material has been prepared by Behringer Securities LP on behalf of the issuer. Behringer Securities LP is a member of FINRA/SIPC. This material is neither an offer to sell nor the solicitation of an offer to buy any security, which can be made only by the prospectus, filed or registered with appropriate state and federal regulatory agencies, and sold by broker-dealers authorized to do so.

NEITHER THE ATTORNEY GENERAL OF THE STATE OF NEW YORK NOR ANY OTHER STATE SECURITIES REGULATOR HAS PASSED ON OR ENDORSED THE MERITS OF ANY OFFERING OF BEHRINGER HARVARD SECURITIES. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

Offering Availability: Available in all U.S. states.