Behringer Harvard Adds Las Colinas Corporate Campus to Short-Term Opportunity Fund Portfolio.

DALLAS -- High Visibility, Corporate Relocation Environment Attracts Investment; Trammell Crow Company to Handle Management and Leasing

Behringer Harvard today announced that Behringer Harvard Short-Term Opportunity Fund I LP has completed a purchase of the 15.3 acre Citigroup office complex in the Las Colinas development of Irving, Texas, a Dallas suburb. The addition marks the Fund's eighth acquisition within the past year.

"This corporate complex is an excellent portfolio addition for our Short-Term Opportunity Fund," said Robert Behringer, Chairman and Chief Executive Officer for Behringer Harvard. "Our strategy for this fund is to identify 'opportunistic' investments where we believe value can be increased in a relatively short holding period of 3-5 years. While this property is currently configured to house a large single tenant, such as Citigroup, its three buildings afford us the flexibility for multi-tenant options in the future."

The Citigroup complex includes approximately 536,000 square feet of rentable office space fronting John Carpenter Freeway, the primary route from Downtown Dallas to DFW Airport on the near southern edge of the Las Colinas urban center. Both DFW and Dallas Love Field are approximately 10 minutes from the complex.

The buildings in the campus - 149,111, 168,726 and 218,404 square feet - offer on-site amenities including a full-service cafeteria, a fully equipped fitness center and a sundries shop. The immediate area also offers 22 hotels, with a total of 3,700 rooms, and more than 90 restaurants.

Jon Dooley, Behringer's senior vice president of real estate, expects the property will attract a great deal of attention, especially from companies outside of the Dallas area. "Las Colinas is the largest, and most prestigious, suburban office center in the DFW metropolitan area," noted Dooley, "and has a history of attracting corporate relocations. These factors and the property's outstanding features made this a very attractive investment."

Las Colinas is home to a number of Fortune 500 companies and includes the world headquarters of ExxonMobil, NCH Corporation, Kimberly-Clark, and Zale Corporation and the American and regional headquarters to companies such as Nokia and NEC. Current employee numbers in the development total approximately 98,000 and are projected to reach 161,000 by 2025.

Citigroup is expected to vacate the complex in phases sometime in 2006 as part of its plan to build a larger campus in the general area. Trammell Crow Company (NYSE:TCC), one of the world's largest diversified commercial real estate services companies, was appointed to handle management and leasing, and together with Behringer is actively engaged in identifying a new tenant.

About Behringer Harvard:

Behringer Harvard is a national real estate investment sponsor offering a family of institutional-quality real estate investments to the public through the independent broker dealer community. The company's products include public and private 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 offer their securities in best efforts public and private offerings and seek to produce attractive returns to 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 investments, 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. Forward-looking statements in this document 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.