Behringer Harvard Appoints New CFO for Opportunity REITs I and II
DALLAS, Feb. 29, 2012 /PRNewswire/ -- Behringer Harvard announced today that Mr. Andrew J. Bruce has been appointed as Chief Financial Officer of Behringer Harvard Opportunity REIT I, Inc. and Behringer Harvard Opportunity REIT II, Inc.
"Andy has been with the company for years, and his contributions to the growth of Behringer Harvard have been significant. He also has established relationships with a wide range of leading financial services institutions that routinely do business with us," said Mr. Michael J. O'Hanlon, President and CEO of the funds that comprise Behringer Harvard's opportunity platform. "We're pleased that this appointment gives Andy an expanded role in managing the finances of our largest opportunity-style investment programs."
Mr. Bruce will continue to serve as Senior Vice President – Capital Markets for Behringer Harvard, a role in which he has served since March 2006. He is responsible for managing the financing activities of the company's investment programs, including the structuring and placement of commercial debt for new acquisitions and developments, the refinancing of existing debt, debt restructurings, and fund-level credit facilities. He also manages the company's banking and lending relationships and consults with the programs' real estate professionals as they analyze potential investment opportunities.
Before joining Behringer Harvard, from 1994 to 2006, Mr. Bruce worked for AMLI Residential Properties Trust in Dallas and Chicago, where he was charged with placing secured and unsecured debt and overseeing the underwriting projections for new development and co-investment projects.
Mr. Bruce graduated from Western Michigan University with a bachelor of business administration degree. He also received a master of business administration degree from the University of Chicago and holds the CPA designation. Mr. Bruce is affiliated with Urban Land Institute as a full member and Inner-City Council Leader; NAREIT; and Family Gateway Affordable Housing, Inc. where he serves as a board member and Vice Chairman.
About Behringer Harvard
Behringer Harvard creates and manages global institutional-quality investment programs for individual and institutional investors through its real estate investment trusts, joint ventures and proprietary program structures. The company also offers strategic advisory, asset management and capital market solutions. Programs sponsored and managed by the Behringer Harvard group of companies have attracted equity of more than $5 billion and investments into more than $11 billion in assets. For more information, contact our U.S. headquarters toll-free at 866.655.3600 or our European headquarters at 011 49 40 34 9999 90, or visit us online at behringerharvard.com.
SOURCE Behringer Harvard
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