Behringer Harvard Acquires Dallas Area Office Building; Mid-Term Value Enhancement Fund I LP Invests in a Stabilized Asset in the Affluent Far North Dallas Submarket.

DALLAS -- Behringer Harvard announces the acquisition of the Parkway Vista Building located in the north Dallas suburb of Plano, Texas. The property, built in 2002, is the fifth acquisition for the Behringer Harvard Mid-Term Value Enhancement Fund I LP.

Located at 5072 Plano Parkway, the Parkway Vista Building is a two-story structure providing 33,467 square feet of rentable space situated on two acres of land. The building is 97% leased with a stable and diverse tenant base of local, regional and national companies including American Express Financial Advisors, SouthTrust Mortgage Corporation and a number of local medical practitioners.

"The Parkway Vista building provides our investors with the ability to capitalize on a stabilized asset in a thriving community that's one of the fastest growing, most affluent areas of the Dallas-Fort Worth metroplex," said Robert Behringer, chairman and CEO of Behringer Harvard. "Both commercial and residential developments in the surrounding area have been above-average to luxury quality, complementing large corporate neighbors headquartered in the Far North Dallas area such as J.C. Penney, EDS, Frito-Lay, Alcatel and Dr. Pepper."

Management of the Parkway Vista property has been assigned to Trammell Crow Company (NYSE: TCC).

About Behringer Harvard:

Behringer Harvard is a national real estate investment sponsor whose family of public and private real estate investment securities are made available through the independent broker dealer community. The company's investment products include non-listed REITs, real estate limited partnerships, 1031 exchange and other real estate investment programs that generally invest in institutional quality commercial real estate. Its finite-life, non-listed funds feature defined holding periods and exit strategies and seek to produce attractive returns for their investors through a balance of current yield and capital appreciation. Behringer Harvard is headquartered in the Dallas suburb of Addison, Texas, and is one of the nation's fastest growing real estate investment firms. For more information, call [phone] or visit www.bhfunds.com.

This release contains forward-looking statements relating to the business and financial outlook of Behringer Harvard Funds, including Behringer Harvard REIT I, Inc., Behringer Harvard Mid-Term Value Enhancement Fund I LP, and Behringer Harvard Short-Term Opportunity Fund I LP, which are based on our current expectations, estimates, forecasts and projections and are not guarantees of future performance. Actual results may differ materially from those expressed in these forward-looking statements and you should not place undue reliance on any such statements. A number of important factors could cause actual results to differ materially from the forward-looking statements contained in this release. Such factors include those described in the Risk Factors sections of the prospectuses for the public offerings of equity of each of Behringer Harvard REIT I, Inc., Behringer Harvard Mid-Term Value Enhancement Fund I LP, and Behringer Harvard Short-Term Opportunity Fund I LP. Forward-looking statements in this release speak only as of the date on which such statements were made and we undertake no obligation to update any such statements that become untrue because of subsequent events. We claim the safe harbor protection for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.