Behringer Harvard Opportunity REIT I to File Articles of Dissolution This Week
Behringer Harvard Opportunity REIT I Inc., a publicly registered non-traded real estate investment trust, plans to file its articles of dissolution with the State Department of Assessments and Taxation of Maryland on Thursday, February 8, 2018.
Behringer Harvard Opportunity REIT I Inc., a publicly registered non-traded real estate investment trust, plans to file its articles of dissolution with the State Department of Assessments and Taxation of Maryland on Thursday, February 8, 2018.
As reported by The DI Wire, the REIT sold the last property in its portfolio for $53.2 million at the end of December. The company expects to distribute the majority of the sales proceeds from liquidation in the second quarter of 2018.
Behringer Harvard Opportunity REIT I repaid its outstanding debt and is in the process of paying its remaining liabilities and other obligations and winding down its operations. On Thursday, it plans to direct its transfer agent to close the company’s stock transfer books.
Behringer Harvard Opportunity REIT I’s offering was declared effective in September 2005 and closed in December 2007 after raising $559 million in investor equity. In January 2017, stockholders approved the company’s plan of liquidation.
