Behringer Harvard arranges $150 million credit line

04/1/2010 | American City Business Journals

Behringer Harvard arranged a $150 million credit line through Freddie Mac and NorthMarq Capital. It will use the capital to help finance its multifamily acquisition strategy. "I think it's a strong statement about the work that we are doing in our portfolio," says Jason Mattox, the REIT's chief administrative officer. The credit line presents "an opportunity to have greater flexibility to pursue our goals of value creation for our shareholders."

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