Behringer Harvard's Mattox

While most firms are quiet on the acquisition from during the recession Behringer Harvard is the opposite. Throughout the year, the Dallas-based investor has steadily made acquisitions, most of them multifamily buys, having picked up five of those assets in the last two months. The firm is also looking overseas and recently inked a deal with Rahlfs Immobilien GmbH to purchase retail properties in Germany. Jason Mattox, the company’s chief administrative officer, recently spoke with GlobeSt.com about what he likes in the current market.

GlobeSt.com: Your firm has done acquisitions throughout the recession. Why is Behringer going that route in contrast to other firms?

Mattox: From our standpoint, where multifamily and a couple of other acquisitions are concerned, we are finding very attractive opportunities in the marketplace. We believe the dislocation in the capital markets, the challenges that various sellers and owners are grappling with, are providing acquisitions that are significant discounts to replacement costs. We want to take advantage of that marketplace.