Behringer offers a variety of real estate investments that generally represent a core, value-added or opportunistic strategy. Behringer has invested in more than 130 properties, totaling more than 28.5 million square feet. These selected transactions represent some of our investment capabilities.
The 322-unit building located in Jacksonville, Florida, was purchased in 2013. It was sold in 2015, garnering $43.5 million in net proceeds.
The 296-room property located in Los Angeles, California was purchased in 2006 for $33 million. In 2014, the renovated property sold for $78.7 million.
Originally 185,737 square feet, this Denver-based property was acquired in 2008 for approximately $34.5 million. After renovations, it was sold in 2014 for $46.7 million.
The 12,000 sf building, located in Decherd, Tennessee, was acquired in 2013 for $2 million. It sold in 2014 for $2.75 million, generating an IRR of 11% in less than seven months.
Fully subscribed syndication of a 19,097 sf store in Louisiana and a 21,930 sf store in Ohio in less than 30 days, with an initial yield of 5.72%.
3,200 hotel rooms on 10 U.S. Army installations, this $25 million mezzanine loan was originated in 2009 and repaid at $29.9 million in 2011, generating a deal-level IRR of 20.9%.
A 48-acre, 5-building mixed-use complex located in Frisco, Texas—just 30 miles north of downtown Dallas; 100% ownership acquired in 2012.
231,444 sf on 11 acres located in Ontario, California was purchased in 2010. Sale in 2011 generated an estimated property-level IRR of 48.3% over a 16-month hold period.
1.4 million sf of industrial space located in San Bernadino, California, acquired for $50.3 million in 2010. Sold in 2011 for $95 million, generating an IRR of 81.5%.
Four buildings totaling 801,933 sf on 40.91 acres in San Bernadino, California, acquired for $30 million in 2010. Sold in 2013 for $40.4 million, generating an IRR of 22.1%.