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Dear Stockholder:
We would like to remind you of the upcoming 2012 Annual Meeting of Stockholders of Behringer Harvard Opportunity REIT I, Inc. (the “Company”), scheduled for 9:00 a.m., local time on Friday, November 9, 2012 at the executive offices of the Company, 15601 Dallas Parkway, Suite 600, Addison, Texas 75001.
We recently mailed you a proxy statement and proxy card to obtain your vote on a proposal to elect five individuals to serve on the Company’s board of directors. According to our latest records, we have not received your proxy vote. Your vote is important, no matter how many shares you own. The Annual Meeting cannot be held unless stockholders holding at least 50% of our shares either attend the meeting or vote by proxy. The Board of Directors has unanimously approved the only proposal on this year’s ballot and recommends that you vote to approve it.
Voting is quick and easy. We encourage you to vote now using one of these options:
1. Vote by Touch-Tone Phone at 1-866-977-7699
Please call the toll-free number printed above and follow the recorded instructions. The service is available 7 days a week, 24 hours a day. Please note that for telephone voting you will need your control number, which is located on the enclosed proxy card, and the last four digits of the primary stockholder’s social security number or tax identification number.
2. Vote by Internet
Please visit www.eproxy.com/bh1 and follow the online instructions. Please note that for internet voting you will need your control number, which is located on the enclosed proxy card, and the last four digits of the primary stockholder’s social security number or tax identification number.
3. Vote by Mail
Please mail your signed proxy card(s) in the enclosed postage-paid envelope.
FOR TELEPHONE AND INTERNET VOTING, YOUR VOTE MUST BE RECEIVED BY 11:59 P.M., EASTERN TIME, ON NOVEMBER 8, 2012.
Please read the full text of the proxy statement. The only proposal on the ballot this year is for Stockholders to elect five individuals to serve on the Company’s Board of Directors until the next annual meeting of stockholders and until their respective successors are duly elected and qualify. More complete information is provided in the proxy information previously sent to you.
If you have already voted, thank you for your response. If you have any further questions or would like to receive another copy of the proxy statement, please contact Behringer Harvard Shareholder Services toll free at 1-866-655-3600. If you wish to receive future mailings via electronic delivery, you may sign up at www.behringerharvard.com. In addition, all proxy materials are conveniently available online at http://www.behringerharvard.com/proxy.
We appreciate your continued interest and support of the Company and encourage you to vote today.
Sincerely,
![GRAPHIC](https://capedge.com/proxy/DEFA14A/0001104659-12-064864/g215451bci002.jpg)
Terri Warren Reynolds
Secretary
Behringer Harvard Opportunity REIT I, Inc.