What specific criteria are used in the selection of potential investments?
In selecting properties, relevant real property and financial factors, including condition and location of the property, its income-producing capacity and the prospects for its long-term appreciation are considered. Acquisitions or originations of loans are evaluated for the quality of income, and the quality of the borrower and the security for the loan or the nature and possibility of the acquisition of the underlying real estate asset. Investments in other real estate-related securities will adhere to similar principles. In addition, Behringer Harvard consider the impact of each investment as it relates to our portfolio as a whole.
