The cornerstone of our investment strategy is our discipline in acquiring commercial properties that offer a blend of current and potential income based on in-place occupancy, plus significant potential for growth in income and value from re-tenanting, repositioning, redevelopment and operational enhancements.
Hartman is a vertically integrated management company. Hartman is entirely owner-operated for acquisition, redevelopment, repositioning, re-tenanting, and operational enhancements by being vertically integrated.
The advantages and benefits to the our investors include:
Texas is the 9th largest economy in the world, based on gross domestic product (GDP). The lone-star state’s GDP is fueled by diverse industries across 12 economic regions and boasts a strong civilian workforce of more than 14+ million workers.
The state’s GDP of approximately $1.887 trillion is the second largest economy in the United States, behind California. If Texas were a sovereign nation, it would have the 9th largest economy in the World. If California was also considered a sovereign nation, the Texas economy would be the 10th largest economy in the world.
Sources: U.S. Bureau of Economic Analysis and The World Bank. All data is as of July 2018. Note: Dollar conversions to GDP are based on average annual exchange rates to the U. S. dollar in 2018.Global GDP rankings for the top 6 countries were as follows: (1) U.S. (2) China (3) Japan (4) Germany (5) India and (6) United Kingdom
Despite slow growth during the energy sector downturn, Texas added more than 266,600 nonfarm jobs in 2017—pulling the state’s annual unemployment rate to 3.4 percent; which was nearly half of the national unemployment rate of 8.2 percent during the recessionary peak. In many of the major metros, average unemployment in 2018 was even lower than the state’s average.
2018 Unemployment Rates:
Sources: Outlook for the Texas Economy, published by Texas A&M University Real Estate Center, December 21,2020. Accessed on 4/26/2021.
Sources: Outlook for the Texas Economy, published by Texas A&M University Real Estate Center, August 9, 2019. Unemployment data obtained from Bureau of Labor Statistics, Databases, Tables & Calculators, month of June rate for each year (https://data.bls.gov/pdq/SurveyOutputServlet); accessed on 8/20/2019.
Sources: Office of the Governor, Economic Development and Tourism and Business Research; Tax Foundation; Bureau of Labor and Statistics; United States Department of Commerce. All data is as of April 2021
A Houston-based think tank, the Center for Opportunity Urbanism, recently published, The Texas Way of Urbanism, a report that details the significant influence of Houston, Dallas and San Antonio on the state’s economic growth.
These three cities comprise of 66% of the state’s population, 80% of the state’s population growth since 2000, and 77% of the Texas economy. Additionally, the job growth rate for this area is three times that of New York City and five time that of Los Angeles.
Energy capital of the world
World-famous medical center
Home to the Port of Houston
Top destination for corporate expansions
World-class technology and cybersecurity center
Home to three major military command centers
International automotive manufacturing hub
The Alamo and Riverwalk
Since 2016, Texas remains a popular relocation destination. According to the Texas Relocation Report, Houston, Dallas, San Antonio and Austin contained nine of the 10 Texas counties that reported the highest gains in residents relocating from outside of Texas. Harris County and Dallas County led the state in out-of-state resident gains.
At the Metropolitan Statistical Area (MSA) level, Chicago-Naperville-Elgin, New York-Newark-Jersey City, and Los Angeles-Long Beach-Anaheim were responsible for the largest numbers of residents relocating to the four major Texas MSA’s.
Source: Texas Association of Realtors®, Texas Relocation Report 2018 Edition.
Hartman believes that certain Texas attributes attract the number and type of quality corporate tenants Hartman seeks, which drives the need for properties that meet the objectives of Hartman’s programs. Please talk to your financial advisor to learn more about how Hartman can potentially help you achieve your investment goals.
Please keep in mind that our ability to diversify our portfolio may be limited both as to the number of investments owned and the geographic regions in which our investments are located. While we seek to diversify our portfolio by geographic location, we focus on our specified target markets that we believe offer the opportunity for attractive returns and, accordingly, our actual investments may result in concentrations in a limited number of geographic regions. As a result, there is an increased likelihood that the performance of any single property, or the economic performance of a region in which our properties are located, could materially affect our operating results.
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