DALLAS-Behringer Harvard has formed BH Capital LLC, a company that will focus on the acquisition of performing and non-performing loans secured by commercial real estate, as well as other types of commercial and industrial assets.

BH Capital will operate independently of Behringer Harvard, but will draw upon Behringer Harvard’s existing framework of commercial real estate capabilities and shared services for marketing, accounting, human resources, legal/compliance, due diligence and other functions. The company plans to raise capital through a variety of sources including: Behringer Harvard’s broker-dealer; family offices; private wealth management groups; private equity investors; and other institutional investors.

Michael B. McKinney serves as CEO of the new company. Additional members of the BH Capital management team are: Randy Hughes, president and COO; Daryl Bird, executive vice president of loan acquisitions; Paul Jankovsky Jr., executive vice president of investment strategies; Kevin A. DeLozier, executive vice president of portfolio management; and Bryan Crow, executive vice president of finance and reporting.