CT REALTY INVESTORS AND BEHRINGER HARVARD SELL STRATEGIC ONTARIO PROPERTY

ALISO VIEJO, CA – January 5, 2012 – (RealEstateRama) — A partnership between CT Realty Investors and Behringer Harvard announced today the sale of Archibald Business Center, a Class A 231,000-square-foot corporate headquarter distribution center located at 2021 So. Archibald Ave. in Ontario, Calif. In a $15 million transaction, the business property was sold to Beauty 21 Cosmetics and will serve as their corporate headquarters and primary regional distribution facility.

Archibald Business Center is located in the Inland Empire West submarket near the confluence of the I-15 and I-60 Freeways approximately 35 miles east of Los Angeles. The property is 100 percent occupied by Beauty 21 Cosmetics Inc. and features 14 dock high positions, 28-foot minimum clear height, ESFR sprinklers and extensive parking. The Beauty 21 Cosmetics operation and personnel are relocating from their prior facility which is also located in Ontario.

The CT Realty/Behringer Harvard joint venture acquired Archibald Business Center in August 2010 in an off-market transaction with Bixby Land Co. with project debt provided by Buchanan Street Partners. At the time of the joint venture’s acquisition, the property was 100 percent occupied by SKECHERS USA Inc., which has since relocated to a 1.8 million-square-foot facility in Moreno Valley, Calif. During the course of the joint venture’s ownership, the SKECHERS occupancy was extended and certain SKECHERS assets were sold to Beauty 21 Cosmetics.

“Due to the property’s functional design as a headquarters building, as well as its outstanding location near Ontario International Airport and convenient access to several major freeways, the venture was able to capitalize on strong demand in the owner/user market,” said James “Watty” Watson, president and CEO of CT Realty Investors. “The Inland Empire continues to offer outstanding value-added opportunities which are well-suited to our team of real estate professionals, and we are actively seeking additional high-quality investments in that area.”

“The sale of Archibald Business Center has resulted in a very favorable return on our investment,” said Samuel A. Gillespie, COO of Behringer Harvard’s opportunity investment platform. “We are pleased with the excellent outcome of this co-investment partnership with CT Realty, which is our second joint acquisition and sale of an industrial property in Southern California.”

CT Realty and Behringer Harvard were represented in the transaction by the team led by Peter McWilliams and Mike McCrary of Jones Lang LaSalle, which is the same team that represents CT Realty on other significant industrial properties in the Inland Empire, including CT Realty’s 800,000-square-foot Interchange Industrial Park in San Bernardino, Calif. Beauty 21 Cosmetics was represented by the Ontario office of Lee and Associates.

About CT Realty Investors

Since its establishment in 1994, Aliso Viejo, Calif.-based CT Realty Investors has completed more than 200 transactions with value in excess of $2.5 billion through a series of 11 independent discretionary private equity real estate funds and continues to invest in institutional-quality industrial properties, office buildings, debt instruments, and multi-family properties. CT seeks to invest on behalf of its affiliates in Arizona, Colorado, New Mexico, Nevada, Oregon, Utah, Washington and California. The focus of CT Realty’s investment activities is to acquire well-located assets in major markets with the potential to enhance their value through a solid, hands-on management approach. For further information, contact Carter Ewing at CT Realty Investors at (949) 330-5777 or visit www.ctrinvestors.com.

About Behringer Harvard

Behringer Harvard creates and manages global institutional-quality alternative investment programs for individual and institutional investors. Programs sponsored and managed by the Behringer Harvard group of companies have attracted equity of more than $5 billion and made investments into more than $11 billion in assets. For more information, contact our U.S. headquarters toll-free at 866.655.3600 or our European headquarters at 011 49 40 34 9999 90, or visit us online at 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.

For CT Realty Investors:

Donna Hahn
Hahn Communications
donna (at) hahnmarketing (dot) com
949/458-3983

Carter Ewing
CT Realty Investors
cewing (at) ctrinvestors (dot) com
949/330-5777

For Behringer Harvard:

Barbara Marler
Behringer Harvard
bmarler (at) behringerharvard (dot) com
469/341-2312