December 09, 2015
Behringer Harvard Opportunity REIT II Inc., a publicly registered non-traded real estate investment trust, authorized a $38.4 million, or $1.50 per share, special cash distribution. The special cash distribution is payable on January 5, 2016 to stockholders of record as of the close of business on December 31, 2015.
“Once again, we are very pleased to announce this special cash distribution and we intend to make additional special distributions as the company’s assets are fully cycled,” said Behringer Harvard Opportunity REIT II chairman, Bob Aisner.
In accordance with Behringer Harvard Opportunity REIT II’s valuation policy, as assets are sold, the estimated share value (ESV) will be reduced by the amount of any special cash distributions paid to shareholders. Therefore, the ESV will be adjusted from $9.19 to $7.69 on the December 31, 2015 record date. Since inception through the payment date, the company will have paid to shareholders an aggregate of $120.4 million in regular and special distributions.
