Hartman Short Term Income Properties XX, Inc. ("Hartman XX") has
announced that its initial $250,000,000 public stock offering
registration was declared effective by the SEC. The purpose of this
new Hartman fund is to expand the footprint of the Hartman group of
companies within the major Texas markets of Houston, Dallas/Fort
Worth and San Antonio. The Hartman companies were started in 1983
and have had a long history of delivering consistent returns for
investors since inception. The Hartman XX offering is expected to
more than double the size of the Hartman group of companies.
Hartman XX CEO and Chairman of the Board, Al Hartman said, "We see
the current market as a great opportunity to buy properties at
discounted prices. We have not seen these types of buying
opportunities in a generation. We sat on the sidelines from late
2005 to mid 2007 when properties values peaked, and avoided
over-paying for properties like many other companies did. This
approach allowed us to maintain our track record in terms of yield
for the investors. We specialize in buying properties in which we
can add value by making improvements and leasing up the properties.
The types of properties we are seeing now are generally
foreclosures and offer value-add opportunities."
Hartman XX will raise the money on a best efforts basis through
financial planning companies on a national scale.
About Hartman:
Hartman is a regional, value-oriented, full service commercial
real estate group. Hartman entities own and manage
office space for lease in
Houston, Dallas and San Antonio.