Behringer Harvard Opportunity REITs Name New CFO and Treasurer
The boards of Behringer Harvard Opportunity REIT I and Behringer Harvard Opportunity REIT II, two publicly registered non-traded real estate investment trusts, each appointed Donna Brandin as chief financial officer, senior vice president, and treasurer of the company to replace Lisa Ross, who resigned from the companies and its subsidiaries on June 15th.
In February, the Behringer REITs replaced their current advisor and property manager with affiliates of Lightstone Group, a national real estate investor/developer and sponsor of non-traded REITs that oversees a $2.4 billion real estate portfolio.
Brandin also serves as chief financial officer and treasurer of various Lightstone sponsored REITs, the executive vice president, chief financial officer and treasurer of The Lightstone Group, and as a director of Lightstone Enterprises Limited.
Prior to joining The Lightstone Group in April 2008, Brandin held the position of executive vice president and chief financial officer of US Power Generation and previously served as the executive vice president and chief financial officer of Equity Residential, the largest publicly traded apartment REIT in the country.
Brandin has held executive level positions at Cardinal Health, Campbell Soup, Emerson Electric Company, and Peabody Holding Company. She earned a bachelor’s degree at Kutztown University, a master’s degree in finance at St. Louis University, and is a certified public accountant.
Behringer Harvard Opportunity REIT I went effective in September 2005 and closed in December 2007 after raising $559 million in investor equity. The company suspended its distribution in March 2011 and oversees a portfolio of five properties purchased for a combined $350.3 million, according to Summit Investment Research.
Behringer Harvard Opportunity REIT II went effective in January 2008 and closed in March 2012 after raising $265 million in investor equity. The company’s portfolio is comprised of eight properties with a total investment cost of $229.2 million.
