Behringer Harvard Invests in Luxury Multifamily Community in Fort Myers, Florida

DALLAS, Oct. 8 /PRNewswire/ -- Behringer Harvard announced today its
investment in the senior mortgage debt on The Palms of Monterrey, a 408-unit,
resort-style multifamily community situated on a 28-acre site in Fort Myers,
which is on Florida's southwest coast in Lee County, approximately 100 miles
south of Tampa.

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"A previous owner of the property obtained the senior mortgage on The Palms of
Monterrey to fund a conversion of the apartment community into condominiums.
However, changing market conditions subsequently interfered with the
borrower's plans, and the completed condominium units were never sold," said
Mr. Samuel A. Gillespie, Chief Operating Officer of Behringer Harvard
Opportunity REIT II, Inc. "This situation enabled us to acquire the senior
mortgage debt at a discount and refocus the property as rental apartments."

Constructed in 2001 at 15250 Sonoma Drive, the gated community consists of 17
three-story residential buildings, a clubhouse with a business center, a
fitness center with racquetball facility, a lighted tennis court, a
playground, two heated pools and a poolside hot tub. Units feature one, two or
three bedrooms and range in size from 1,008 to 1,496 square feet.

The Palms of Monterrey is less than a mile from HealthPark Medical Center, an
area employment center that includes a 270-bed acute care facility and the
only comprehensive children's health care center between Tampa and Miami.
Residents also are only minutes from the gleaming white sands of Fort Myers
Beach and the Sanibel and Captiva islands, as well as many
hospitality-industry employers.

"We are pleased to make this investment with highly respected partners that
have proved their mettle in the marketplace," said Mr. Gillespie. The
investment in The Palms of Monterrey was made by Behringer Harvard Opportunity
REIT II, Inc., a public non-listed real estate investment trust, in a
partnership with DeBartolo Development and Christian Tyler Properties, LLC.

About Behringer Harvard
Behringer Harvard is a commercial real estate company investing in assets
domestically and internationally. The company creates and manages strategic
real estate fund opportunities across a wide spectrum of investment styles for
retail investors, as well as domestic and international institutions, through
its real estate investment trusts, partnerships, joint ventures, and
proprietary program structures. For more information, call toll-free
866.655.3600 or visit behringerharvard.com.

This release contains forward-looking statements relating to the business and
financial outlook of Behringer Harvard Opportunity REIT II, Inc. that are
based on our current expectations, estimates, forecasts and projections and
are not guarantees of future performance. Actual results may differ materially
from those expressed in these forward-looking statements, and you should not
place undue reliance on any such statements. A number of important factors
could cause actual results to differ materially from the forward-looking
statements contained in this release. Such factors include those described in
the Risk Factors sections of the offering documents for the offering of shares
of Behringer Harvard Opportunity REIT II, Inc. Forward-looking statements in
this document speak only as of the date on which such statements were made,
and we undertake no obligation to update any such statements that may become
untrue because of subsequent events. We claim the safe harbor protection for
forward-looking statements contained in the Private Securities Litigation
Reform Act of 1995.

SOURCE Behringer Harvard

Michelle Bashor of Richards Partners, +1-214-891-2980,
michelle_bashor@richards.com; or Jason Mattox, Chief Administrative Officer,
1-866-655-3600, jmattox@behringerharvard.com, or Barbara Marler,
+1-469-341-2312, bmarler@behringerharvard.com, both of Behringer Harvard