Becknell's nearly $1.2 billion portfolio is primarily held in a joint venture between Becknell and a major real estate investment fund.  Becknell maintains a substantial equity interest in the joint venture and provides all real estate services to the joint venture.

The joint venture is capitalized with less than 15 percent debt and has a $100 million revolving line of credit (expandable to $250 million) available for expansion through new development and acquisitions.

The strategic objective of the Company is to grow the portfolio through acquisitions and new development and to fund the growth through borrowings on the Revolver and various partner equity contributions.