Behringer Harvard Marks Entry into Los Angeles Market with Office Building Purchase; El Segundo Site is Tenth Acquisition by Firm's Fast Growing Real Estate Investment Trust.

DALLAS -- Behringer Harvard REIT I, Inc. today announced that it has made its tenth property investment since the fund's inception by acquiring an office building in the Los Angeles area.

The property, at 2383 Utah Avenue in El Segundo, Calif., is an attractive single-story office/R&D building that was completely renovated in late 2004. The building's primary tenants are Northrop Grumman and Unisys.

Robert Behringer, chairman and CEO of Behringer Harvard, said the company is excited about the Utah Avenue building as it marks its first acquisition in the Los Angeles market. "We have been looking at properties in L.A. for some time because of our core market and geographic diversification strategies for this fund," said Behringer. "The property also fits our target of being currently stabilized with long-term lease commitments."

Behringer says the single story building, which sits on 9.6 acres, offers more than 150,000 square feet of rentable space as well as a very attractive parking ratio. The site has the potential for future development opportunities and is conveniently situated directly south of the Los Angeles International Airport (LAX). Century Freeway (Interstate 105), the east-west artery to and from LAX, is less than a half-mile north of the property. The San Diego Freeway (Interstate 405) is the primary north-south artery located half a mile east of the property.

"The El Segundo market is reemerging as a significant submarket with the development of new hotel, restaurant and retail businesses, especially along nearby Rosecrans Avenue," noted Jon Dooley, Behringer's senior vice president of real estate. "The property's proximity to these amenities, its overall curb appeal and the diversity it adds to our portfolio also made it very attractive." The REIT's other acquisitions to-date include office towers located in markets such as Washington, Baltimore, Houston, Minneapolis, Atlanta, St. Louis and Denver.

Trammell Crow Services, Inc. (NYSE:TCC) has been appointed to handle property leasing and management.

About Behringer Harvard:

Behringer Harvard is a national real estate investment sponsor whose 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 866-655-3600 or visit www.bhfunds.com.

This release contains forward-looking statements relating to the business and financial outlook of Behringer Harvard REIT I, Inc., 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 offering of equity of Behringer Harvard REIT I, Inc. 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.