Hartman XX Buys San Antonio Shopping Center

November 28, 2016

Hartman XX Buys San Antonio Shopping Center

November 22, 2016 | by DI Wire

Business meeting with work on contract

Hartman Short Term Income Properties XX Inc., a publicly registered non-traded real estate investment trust, purchased the Village Pointe shopping center in San Antonio, Texas. According to a filing with the Securities & Exchange Commission, the purchase price was approximately $7.1 million, exclusive of closing costs.

Built in 1982 and renovated in 2015, Village Pointe is a 54,200-square-foot shopping center located within five miles of San Antonio International Airport via US Highway 281. The property is 93 percent leased to a mix of national and local tenants including Mattress Firm (NYSE: MFRM), Bike World, and 5.11 Tactical.

“Our team acquired Village Pointe at a discount to replacement cost which provides our investors a strong stable yield. The addition of Village Pointe to our portfolio continues our firm’s long tradition of successfully acquiring value-add properties,” said Al Hartman, Hartman’s chief executive officer.

Read Full Article Located Here

Print Friendly, PDF & Email
Go Back
Second Annual Blue Vault Broker Dealer Educational Summit 2016
Broker Dealer Educational Summit 2016
April 14, 2016

The Blue Vault Summit could not have been more perfectly timed. This gathering of the Broker Dealer and Sponsor communities provided insightful and open discussion from several vantage points. These conversations are paramount, especially in a time of significant regulatory change.