DALLAS – Hartman Income REIT Management, Inc. (“HI-REIT” or the “Company”) has sold its Park Central office building to Watermark Community Church, a Texas non-profit organization on July 14, 2016. The sale of the 127,913 square foot building was finalized on July 14, 2016.
Park Central, located at 7616 LBJ Freeway, Dallas, TX 75251, was purchased by HI-REIT on August 20, 2004. The property was sold for a significant gain over the purchase price.
Park Central is occupied by multiple tenants, including attorneys, accountants, and staffing agencies. Watermark Community Church intends to use the building for meeting space, overflow space, and occupancy space by other tenants.
About Hartman Income REIT Management, Inc.
Hartman Short Term Income REIT Management, Inc. is a Texas-centric property management firm which owns over forty properties in the Dallas/Ft. Worth, Houston, and San Antonio markets. For information regarding leasing space at a Hartman property, please contact Lynna Smith at 214-432-3704 in Dallas, Kat Morrison at 713-586-2669 in Houston, or visit www.HI-REIT.com. For information about Hartman investment offerings, please visit www.HartmanREITs.com, call 800-880-2212, or contact Rick Vitale directly at 651-491-3693.
This release contains certain forward-looking statements. Words such as “anticipates”, “expects”, “intends”, “plans”, “believes”, “seeks”, “estimates”, “may”, and “should” and their variations identify forward-looking statements. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements and you should not place undue reliance on any such statements. A number of important factors could cause actual results to differ materially from the forward-looking statements contained in this release. Such factors include those described in the Risk Factors sections of Form 10-K and other reports filed with the Securities and Exchange Commission. Forward-looking statements in this document speak only as of the date on which such statements were made, and the company undertakes no obligation to update any such statements that may become untrue because of subsequent events. Such forward-looking statements are subject to the safe harbor protection for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.
THIS PRESS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES.
Securities offered through D. H. Hill Securities, LLLP, Member FINRA/SIPC, 1543 Green Oak Place, Kingwood, TX 77339, (832) 644-1852.