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Behringer Harvard Reins Change for CEO, COOs

DALLAS-Robert Behringer puts a series of promotions into play to ready the stage for his funds' various exit strategies. The move comes just as the $5B REIT I nears its capital close-out.

By Connie Gore | Updated on August 13, 2008

[IMGCAP(1)]DALLAS-Underwriting the plan with a series of promotions, Robert Behringer has turned over the CEO reins for all Behringer Harvard funds to his six-year sidekick. The switch comes just months before the book closes on Behringer Harvard REIT I Inc., which will have amassed $2.8 billion to $3 billion of equity by its capital close-out.

“These promotions are important, as they allow us to begin aligning personnel by fund style in consideration of the different exit strategy options that are possible in the coming years,” says Behringer, who stays as chairman and CEO of the Dallas-based parent company, Behringer Harvard Holdings LLC, and chief investment officer for all funds. The changing of the guard was released in a letter to shareholders and filed with the SEC.

Taking the funds’ CEO’s torch is Robert S. Aisner, who started as a board member in June 2002 and then moved into the roles of president and COO. Aisner remains president of the parent company.

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