UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): April 26, 2011 (April 20, 2011)
Behringer Harvard Short-Term Opportunity
Fund I LP
(Exact Name of Registrant as Specified in Its Charter)
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Texas
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000-51291
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71-0897614
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(State or other jurisdiction of incorporation
or organization)
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(Commission File Number)
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(I.R.S. Employer
Identification No.)
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15601 Dallas Parkway, Suite 600, Addison, Texas
75001
(Address of principal executive offices)
(Zip Code)
(866) 655-1620
(Registrant’s telephone number, including area code)
None
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 1.01 Entry into a Material Definitive Agreement.
On April 20, 2011, Behringer Harvard 250/290 John Carpenter LP, a wholly-owned subsidiary of Behringer Harvard Short-Term Opportunity Fund I LP (which may be referred to herein as the “Registrant,” “we,” “our” or “us”), entered into a contract for the sale of a three-building office complex containing approximately 539,000 square feet, on approximately 15.3 acres of land located at 250/290 John Carpenter Freeway in Irving, Texas (“250/290 John Carpenter Freeway”) to an unaffiliated buyer, Forest City Commercial Development, Inc. (the “Purchaser”). The contract sales price for 250/290 John Carpenter Freeway is $27.0 million, with rights to additional consideration under certain conditions. The Purchaser made an earnest money deposit of $1.0 million as required by the contract, which is refundable until termination of an inspection period.
The consummation of the sale of 250/290 John Carpenter Freeway, which is currently 18% leased, is subject to substantial conditions and will generally depend upon:
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the satisfaction of the conditions to the sale contained in the relevant contracts;
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no material adverse change occurring relating to the property, the tenants or in the local economic conditions; and
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the buyer’s receipt of satisfactory due diligence information, including appraisals, environmental reports, title searches and lease information.
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At the time of this filing, we cannot give any assurances that the closing of this sale is probable.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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BEHRINGER HARVARD SHORT-TERM
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OPPORTUNITY FUND I LP
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By:
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Behringer Harvard Advisors II LP,
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Co-General Partner
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Dated: April 26, 2011
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By:
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/s/ Gary S. Bresky
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Gary S. Bresky
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Chief Financial Officer
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