Behringer Harvard Opportunity REIT I dropped in value at the end of 2011, according to this article from investmentnews.com. The value per unit of the non-traded REIT went down to an estimated $4.12 per unit value, down from $7.66 a unit value from the previous year.
The reduction in value for the Opportunity REIT I was not the only hit Behringer Harvard saw in this most recent evaluation. The Behringer Harvard REIT I dropped in value $5.36 per unit, going from a value of $10 in 2010 to a value of $4.64 in 2011. Also, the Behringer Harvard Short-Term Opportunity Fund I LP dropped from a value of $6.48 all the way down to $0.40 per share
According to this article, many large broker-dealer firms have stopped selling the firm’s Multifamily REIT. There are also many firms that have completely stopped doing business all together with Behringer Harvard.
A loss incurred from investing in one of the nontraded REITs from Behringer Harvard may be recoverable. If you or someone you know has lost money as a result of a REIT investment, please contact the attorneys at The Frankowski Firm at 888-741-7503 to discuss your potential legal remedies.