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<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 4 solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>UNITED
STATES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>SECURITIES
AND EXCHANGE COMMISSION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>FORM 8-K</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>CURRENT
REPORT</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt; text-transform: uppercase"><B>Pursuant
to Section 13 or 15(</B></FONT><B><FONT STYLE="text-transform: lowercase">d</FONT><FONT STYLE="text-transform: uppercase">) of
the Securities Exchange Act of 1934</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Date of Report (Date of earliest event
reported): June 13, 2012</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>Behringer
Harvard Opportunity REIT I, Inc.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact Name of Registrant as Specified in
Its Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 33%; text-autospace: none; font-weight: bold; text-align: center">Maryland</TD>
    <TD STYLE="width: 1%; text-autospace: none; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 33%; padding-left: 0; text-autospace: none; font-weight: bold; text-align: center">000-51961</TD>
    <TD STYLE="width: 1%; text-autospace: none">&nbsp;</TD>
    <TD STYLE="width: 32%; text-autospace: none; font-weight: bold; text-align: center">20-1862323</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="text-autospace: none; text-align: center">(State or other jurisdiction of incorporation <BR>
or organization)</TD>
    <TD NOWRAP STYLE="text-autospace: none">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: center; padding-left: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">(Commission File Number)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD>
    <TD NOWRAP STYLE="text-autospace: none">&nbsp;</TD>
    <TD NOWRAP>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(I.R.S. Employer</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Identification No.)</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>15601 Dallas Parkway, Suite 600, Addison,
Texas</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>75001</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of principal executive offices)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Zip Code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(866) 655-3600</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Registrant&rsquo;s telephone number, including
area code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">None</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Former name or former address, if changed
since last report)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">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:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT></TD><TD STYLE="text-align: justify">Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT></TD><TD>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT></TD><TD>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT></TD><TD>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt -0.5in; text-align: left; text-indent: 0.5in"><B>Item 8.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other
Events.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">BHFS I, LLC (Land), BHFS
II, LLC, BHFS III, LLC, BHFS IV, LLC,&nbsp;and BHFS Theater, LLC, (collectively, the &ldquo;Borrowers&rdquo;) are the special purpose entity owners of a mixed use development project located in Frisco,
Texas.&nbsp;BHFS I, LLC (Land), BHFS II, LLC, BHFS III, LLC and BHFS IV, LLC,&nbsp;are currently the borrowers under a loan agreement
(the &ldquo;BHFS loan&rdquo;) dated July 28, 2008, as amended through the Fifth Loan Amendment Agreement dated August 28, 2011,
with Bank of America, N.A. (&ldquo;Bank of America&rdquo;) as administrative agent and lender and with another lending institution
that is party to the BHFS loan. In addition, BHFS Theater, LLC, is a borrower under a mortgage
loan agreement (the &ldquo;Theater Loan&rdquo;) with Bank of America as administrative agent and lender and with another lending
institution that is party to the Theater Loan. The Borrowers are all indirect subsidiaries of Behringer Harvard Opportunity REIT I, Inc. (which may be
referred to herein as the &ldquo;Registrant,&rdquo; the &ldquo;Company,&rdquo; &ldquo;we,&rdquo; &ldquo;our&rdquo; or &ldquo;us&rdquo;).&nbsp;We serve as guarantors for both the BHFS Loan and Theater Loan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">The BHFS Loan matured
on January 28, 2012 and the outstanding principal balance of the loan was not paid which constituted an event of default. An event
of default under the BHFS Loan constitutes an event of default under the Theater Loan. On February 9, 2012, as a result of the
maturity default of the BHFS Loan, the lenders accelerated the maturity of the Theater Loan. The outstanding principal balance
of the Theater Loan was not paid. The outstanding principal balance of the BHFS Loan is approximately $43.6 million and the outstanding
principal balance of the Theater Loan is approximately $4.6 million.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">The interests of the
Borrowers&nbsp;at the Frisco development project involve an approximate&nbsp;48-acre portion divided into six tracts, that now
include: 103,120 rentable square feet of office space in three buildings that was 86.9% leased as of May 31, 2012; 110,395
rentable square feet of retail space in six buildings that was 85.2% leased as of May 31, 2012, including a 12-screen, 41,464
square-foot Cinemark theater that opened in December 2010; 114 multifamily units in two buildings that were 94.7% leased as
of May 31, 2012; and 37.5 acres of fully developed office, retail, multifamily, hotel and parking garage development
sites.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">The&nbsp;Borrowers
have&nbsp;been actively working with the lenders and have made numerous proposals to the lenders to restructure and extend
the BHFS Loan and the Theater Loan;  however, negotiations have stalled&nbsp;and the Borrowers&nbsp;have been unsuccessful in
reaching an agreement with the lenders. Thus,&nbsp;the Borrowers  have determined that bankruptcy protection represents the best
remaining option to preserve value for all stakeholders at the Frisco development. The transfer of this matter
to&nbsp;bankruptcy court places an immediate and automatic stay on any lender enforcement actions, enabling business at the
Frisco development project to continue to operate as usual until a reorganization plan has been finalized, with no
interruption in services. The Borrowers anticipate submitting a plan of reorganization to the court as soon as practical
after the filing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Therefore on June 13, 2012, Behringer Harvard
Frisco Square, LP, the special purpose entity that wholly owns the&nbsp;Borrowers, and all of the&nbsp;Borrowers filed voluntary
petitions for reorganization under Chapter 11 of the United States Bankruptcy Code, in the United States Bankruptcy Court for the
Eastern District of Texas.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><B>SIGNATURE</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none; font-weight: bold; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-autospace: none; font-weight: bold"><FONT STYLE="text-transform: uppercase">Behringer Harvard
    OPPORTUNITY REIT I, Inc.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none; font-weight: bold; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-autospace: none; font-weight: bold; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 51%; text-autospace: none; text-align: justify">Dated: &nbsp;June 13, 2012</TD>
    <TD STYLE="width: 5%; text-autospace: none; text-align: justify">By:&nbsp;&nbsp;</TD>
    <TD STYLE="width: 44%; text-autospace: none; text-align: justify; border-bottom: Black 1pt solid">/s/ Terri Warren Reynolds</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-autospace: none; text-align: justify">&nbsp;</TD>
    <TD STYLE="text-autospace: none; text-align: justify">Terri Warren Reynolds</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD STYLE="text-autospace: none">&nbsp;</TD>
    <TD NOWRAP STYLE="text-autospace: none">Senior Vice President - Legal, General Counsel&nbsp;&amp; Secretary</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in">&nbsp;</P>

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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): June 13, 2012
Behringer
Harvard Opportunity REIT I, Inc.
(Exact Name of Registrant as Specified in
Its Charter)
Maryland
000-51961
20-1862323
(State or other jurisdiction of incorporation
or organization)
(Commission File Number)
(I.R.S. Employer
Identification No.)
15601 Dallas Parkway, Suite 600, Addison,
Texas
75001
(Address of principal executive offices)
(Zip Code)
(866) 655-3600
(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:
£
Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
£
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
£
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
£
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01          Other
Events.
BHFS I, LLC (Land), BHFS
II, LLC, BHFS III, LLC, BHFS IV, LLC, and BHFS Theater, LLC, (collectively, the "Borrowers") are the special purpose entity owners of a mixed use development project located in Frisco,
Texas. BHFS I, LLC (Land), BHFS II, LLC, BHFS III, LLC and BHFS IV, LLC, are currently the borrowers under a loan agreement
(the "BHFS loan") dated July 28, 2008, as amended through the Fifth Loan Amendment Agreement dated August 28, 2011,
with Bank of America, N.A. ("Bank of America") as administrative agent and lender and with another lending institution
that is party to the BHFS loan. In addition, BHFS Theater, LLC, is a borrower under a mortgage
loan agreement (the "Theater Loan") with Bank of America as administrative agent and lender and with another lending
institution that is party to the Theater Loan. The Borrowers are all indirect subsidiaries of Behringer Harvard Opportunity REIT I, Inc. (which may be
referred to herein as the "Registrant," the "Company," "we," "our" or "us"). We serve as guarantors for both the BHFS Loan and Theater Loan.
The BHFS Loan matured
on January 28, 2012 and the outstanding principal balance of the loan was not paid which constituted an event of default. An event
of default under the BHFS Loan constitutes an event of default under the Theater Loan. On February 9, 2012, as a result of the
maturity default of the BHFS Loan, the lenders accelerated the maturity of the Theater Loan. The outstanding principal balance
of the Theater Loan was not paid. The outstanding principal balance of the BHFS Loan is approximately $43.6 million and the outstanding
principal balance of the Theater Loan is approximately $4.6 million.
The interests of the
Borrowers at the Frisco development project involve an approximate 48-acre portion divided into six tracts, that now
include: 103,120 rentable square feet of office space in three buildings that was 86.9% leased as of May 31, 2012; 110,395
rentable square feet of retail space in six buildings that was 85.2% leased as of May 31, 2012, including a 12-screen, 41,464
square-foot Cinemark theater that opened in December 2010; 114 multifamily units in two buildings that were 94.7% leased as
of May 31, 2012; and 37.5 acres of fully developed office, retail, multifamily, hotel and parking garage development
sites.
The Borrowers
have been actively working with the lenders and have made numerous proposals to the lenders to restructure and extend
the BHFS Loan and the Theater Loan;  however, negotiations have stalled and the Borrowers have been unsuccessful in
reaching an agreement with the lenders. Thus, the Borrowers  have determined that bankruptcy protection represents the best
remaining option to preserve value for all stakeholders at the Frisco development. The transfer of this matter
to bankruptcy court places an immediate and automatic stay on any lender enforcement actions, enabling business at the
Frisco development project to continue to operate as usual until a reorganization plan has been finalized, with no
interruption in services. The Borrowers anticipate submitting a plan of reorganization to the court as soon as practical
after the filing.
Therefore on June 13, 2012, Behringer Harvard
Frisco Square, LP, the special purpose entity that wholly owns the Borrowers, and all of the Borrowers filed voluntary
petitions for reorganization under Chapter 11 of the United States Bankruptcy Code, in the United States Bankruptcy Court for the
Eastern District of Texas.
2
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.
Behringer Harvard
    OPPORTUNITY REIT I, Inc.
Dated:  June 13, 2012
By:
/s/ Terri Warren Reynolds
Terri Warren Reynolds
Senior Vice President - Legal, General Counsel & Secretary
3