Here is a link to the Dallas Business Journal and an article on Behringer Harvard's Opportunity REIT I's investment in Eastern Europe. The fund is:
"investing in a portfolio of 15 retail and industrial properties located in the Czech Republic, Poland and Slovakia."I have not reviewed this REIT, but if I was an investor this move would give me pause, especially with such a weak dollar and November's Presidential elections that will give a new Administration. With the mortgage crisis, one would think there is enough opportunity in the United States, rather than looking for deals in developing countries in Eastern Europe. Lone Star sure found some domestic opportunities.