Houston, TX – Hartman Income REIT Management, Inc., announced today that its current offering, Hartman Retail 1, DST, a Delaware Statutory Trust (DST), designed primarily for investors involved with IRC Section 1031 tax-deferred real estate exchanges, has been fully subscribed.
“We are very pleased with the support that we have received from the independent broker-dealer community in the successful completion of this offering.” said Al Hartman, Chief Executive Officer of Hartman. “The quality of our distribution team and selling group members, the features of this DST offering, and the attractiveness of the real estate in the offering all contributed to its success.”
Rick Vitale, CFA, President of Hartman Advisors, LLC added, “DST offerings continue to meet the important needs of countless financial advisors and investors seeking the benefits of a IRC Section 1031 tax-deferred property exchange transaction. We could not be more pleased with the successful distribution of our Hartman Retail 1 DST offering.”
Our sponsor is led by Al Hartman, its chief executive officer and chairman of the board. Since 1983, Mr. Hartman and his affiliates have sponsored 20 real estate programs (two publicly offered and eighteen privately offered) and acquired more than 90 commercial real estate properties representing nearly $500 million in transactional value, with each of those properties being acquired subject to our value-add, Hartman Advantage investment strategy.
Hartman is a Texas-centric REIT sponsor that owns properties in the Dallas/Ft. Worth area, Houston, and San Antonio. Additionally, Hartman offers DST real estate offerings designed to provide tax-deferred exchange solutions for accredited real estate investors, as well as opportunities for accredited investors who are seeking direct real estate investments.
For additional information regarding Hartman, 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 the Hartman Retail 1 Private Placement Memorandum. 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.