Tuesday, April 22, 2014

Behringer Harvard apartment REIT has new name

Behringer Harvard Multifamily REIT I - now Monogram Residential Trust - is controlling investor in the new Arpeggio apartments in Victory Park. (Rex C. Curry/The Dallas Morning News)
Behringer Harvard Multifamily REIT I Inc. is changing its name.
The Addison-based apartment investor and developer will now be known as Monogram Residential Trust Inc.
The new identity is continuing a transition for the 8-year-old company, which was started by Behringer Harvard.
Mark Alfieri, the real estate investment trust’s president and chief operating officer, will become the company’s new CEO when the shift to self-management is completed in June.
The company owns 16,000 luxury apartment homes investments in 55 multifamily communities in 12 states – including properties in Dallas, Addison, Arlington and Allen.