Behringer Harvard Picks Up Tenn. Apartments In $32M Deal

Law360, New York (December 21, 2011, 6:07 PM EST) -- Commercial real estate investment firm Behringer Harvard has snagged a 32-building luxury residential complex in Tennessee in a deal worth $31.5 million, the company announced Wednesday.

Through its real estate investment trust arm, Dallas-based Behringer Harvard has acquired a 94 percent ownership interest in Memphis, Tenn., luxury community Arbors Harbor Town Apartments. Carter-Haston Real Estate Services Inc., a Tennessee-based owner and operator of apartment communities, teamed up with Behringer Harvard in a joint venture to buy the property.

Behringer Harvard bought the shares from Finpar 4...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.