Behringer Harvard Appoints New CEO and President for Opportunity-Style REITs

DALLAS, Jan. 24, 2012 /PRNewswire/ -- Behringer Harvard announced today that Mr. Michael J. O'Hanlon has accepted a position as Executive Vice President of Behringer Harvard. Mr. O'Hanlon also has been appointed CEO and President of the funds that comprise the company's opportunity platform, including Behringer Harvard Opportunity REIT I, Inc. and Behringer Harvard Opportunity REIT II, Inc.

Mr. Robert S. (Bob) Aisner, who formerly served as CEO and President of these REITs, has been appointed Vice Chairman of Behringer Harvard Opportunity REIT I, Inc. and Behringer Harvard Opportunity REIT II, Inc. Additional appointments include Ms. Lisa Ross as Treasurer of Opportunity REIT I and Mr. Jason Hall as Treasurer of Opportunity REIT II.

"We're very pleased to welcome Michael to Behringer Harvard," said Mr. Aisner, CEO and President of Behringer Harvard. "We stand to benefit tremendously from Michael's professional experience in operating public, non-traded alternative investment programs as well as his expertise in many other facets of real estate management. We're confident that Michael's strong leadership will be particularly beneficial to our opportunity-style investment programs."

Mr. O'Hanlon previously served on the Behringer Harvard Multifamily REIT II board of directors and as a member of its audit committee. With more than 30 years of experience in asset management, corporate and loan restructuring, capital markets, property operations, joint ventures, and brokerage organization management, Michael is well-known in the industry. He has been active in National Association of Real Estate Investment Trusts, International Council of Shopping Centers and Urban Land Institute and is a past member of the Real Estate Roundtable.

Most recently, as COO and President of Billingsley Company, Michael managed their multifamily, office, retail and industrial portfolios. He also served from 2005 to 2009 as CEO and President of Inland Western Retail REIT, Inc., an $8 billion publicly registered non-listed REIT.

Mr. O'Hanlon also has held management positions at other well-respected real estate and financial institutions. From 2001 to 2005, he was Executive Vice President and Managing Director of the Midwestern region of Grubb & Ellis Company. He was Executive Director and Senior Managing Director of the Dallas region of Insignia/ESG from 1999 to 2002. At Cushman & Wakefield, Mr. O'Hanlon was Senior Managing Director of the Midwestern region from 1995 to 1999. He also has had previous tenures at The Balcor Company, Citicorp Real Estate and Citibank REO. He has an MBA from Columbia University and a BS in accounting from Fordham University.

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