Behringer Harvard Extends Real Estate Advisory Services to the Middle East

Published December 29th, 2009 - 01:42 GMT

Behringer Harvard has further strengthened its international presence with the appointment of Mr. David Alani as Managing Director, Middle East Investment Relations-Real Estate. Mr. Alani is responsible for assisting sovereign wealth funds, institutional and semi-institutional companies, and select individuals located in the Arab Gulf with their advisory needs and the creation of single-account, commingled fund and joint venture investment structures.

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"Combining the resources of our organization with Mr. Alani's cultural and professional background will enable us to meet the needs of Middle Eastern real estate investors," said Mr. Robert M. Behringer, Chairman of Behringer Harvard. "We look forward to establishing long-term relationships in the Arab Gulf as we continue to expand the international presence of our advisory services business."

"Mr. Alani's appointment caps an eventful year marked by the successful completion of several initiatives designed to rapidly expand our advisory service capabilities," said Mr. Robert J. (Bob) Chapman, Executive Vice President and Co-COO of Behringer Harvard. "We launched Behringer Harvard Investment Management, our real estate advisory services platform, in the United States and Europe early this year. We followed this recently with the formation of UrbanAmerica Advisors, LLC, a new partnership that will enable us to accelerate the growth of our institutional advisory services business in the United States. We are now extending our advisory services business to the Middle East under the leadership of Mr. Alani. We expect these milestones--which were all achieved in just one year--to create synergies that will significantly enhance the global presence we're building for Behringer Harvard."

Mr. Alani has Middle Eastern business and family relationships that span the greater part of the Arab Gulf world. His father, Dr. Salman H. Alani, is a professor of Arabic linguistics and phonetics at Indiana University and a world-renowned scholar who frequently visits the Arab Gulf region as a guest lecturer.

Before joining Behringer Harvard, Mr. David Alani was Managing Director for Real Estate Capital Associates, LLC from 2002 to May 2009. From 2001 to 2002, he was Managing Director of Middle East Investment Relations for AMLI Residential Properties Trust. From 1998 to 2000, Mr. Alani was a Vice President and Senior Relationship Manager for KeyBank. As the owner of DSA Real Estate and Business Financing from 1991 through 1998, Mr. Alani provided real estate-related services to a group of specialty physician investors.

Mr. Alani is a licensed real estate broker in the state of Indiana and a member of the National Association of Realtors. He obtained his bachelor of arts degree in economics from Indiana University, with a focus in real estate and finance and a minor in Arabic. Mr. Alani also has guest-lectured for the Benecki Center for Real Estate Studies at the Indiana University Kelley School of Business.


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