Behringer Harvard Closes $75 Million Credit Facility

DALLAS, June 5 /PRNewswire/ -- Behringer Harvard announced today that
it recently closed on a $75 million secured credit facility on behalf of
Behringer Harvard Opportunity REIT I, Inc. The credit arrangement will help
to facilitate the ongoing acquisitions, capital improvement and development
activities of the REIT.

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"This credit facility puts our Opportunity REIT I in a strong position
to continue pursuing its strategic goals for value creation," said Robert
M. Behringer, founder and chief executive officer of Behringer Harvard. "It
also speaks highly of our capital markets group and team of lenders who
were able to put together this arrangement in the midst of a difficult
credit market."

Bank of America Securities served as the lead arranger on the
transaction. Fifth Third Bank and BMO Capital Markets Financing, Inc. are
co-lenders, and Bank of America, N.A. will serve as administrative agent.
The credit facility may be increased up to $150 million upon satisfaction
of certain conditions, including additions to the collateral pool.

"This arrangement will enable our Opportunity REIT I to borrow
additional funds as we execute our business plan for the properties in the
collateral pool," said Andrew Bruce, vice president-capital markets for
Behringer Harvard. "We appreciate the support provided by the members of
this bank group and look forward to expanding these financial relationships
as we move forward."

The initial public offering of Behringer Harvard Opportunity REIT I,
Inc. reached full subscription in December, 2007 and generated
approximately $538 million in gross proceeds. The portfolio of Behringer
Harvard Opportunity REIT I, Inc. includes 20 assets representing
investments in 1.9 million square feet of office space; resort, student
housing and mixed-use properties; and residential and industrial land under
development.

About Behringer Harvard

Behringer Harvard is a commercial real estate company investing in
assets domestically and internationally. The company creates and manages
strategic real estate fund opportunities across a wide spectrum of
investment styles for retail investors, as well as domestic and
international institutions, through its real estate investment trusts,
partnerships, joint ventures and proprietary program structures. For more
information, call toll-free 866.655.3600 or visit behringerharvard.com.

This release contains forward-looking statements relating to the
business and financial outlook of Behringer Harvard Opportunity REIT I,
Inc. that 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
Behringer Harvard Opportunity REIT I, Inc.'s filings with the Securities
and Exchange Commission. 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 may 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.

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[Via Real Estate Newswire]