Behringer Harvard Opportunity Reit II, Inc. Announces the Resignation of Michael J. O'hanlon as Member of the Board and as Chief Executive Officer and President
January 08, 2015 at 03:33 am IST
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On January 5, 2015, Michael J. O'Hanlon notified the Board of Directors of Behringer Harvard Opportunity REIT II, Inc. (the Company) of his decision to resign, effective immediately, as a member of the Board and as Chief Executive Officer and President of the Company and its subsidiaries. Mr. O'Hanlon's resignation is not due to any known disagreement with the company. The company will continue to be externally managed by Behringer Harvard Opportunity Advisors II, LLC.
Lightstone Value Plus REIT V, Inc. is a real estate investment trust (REIT). The Company is formed primarily to acquire and operate commercial real estate and real estate-related assets. The Company holds interests in various commercial properties, such as office, industrial, retail, hospitality, multifamily, and student housing, and other real estate-related investments, such as mortgage loans and mezzanine loans. The Company's business is conducted through Lightstone REIT V OP LP (Operating Partnership). The Company has eight wholly owned real estate investments (multi-family apartment complexes) and one real estate-related investment (mezzanine loan). The Companyâs properties include Arbors Harbor Town, Parkside Apartments, Flats at Fishers, Axis at Westmont, Valley Ranch Apartments, Autumn Breeze Apartments, BayVue Apartments, and Citadel Apartments. The Companyâs business is externally managed by LSG Development Advisor LLC (the Advisor).
Behringer Harvard Opportunity Reit II, Inc. Announces the Resignation of Michael J. O'hanlon as Member of the Board and as Chief Executive Officer and President