Hartman Income REIT Management, Inc. (Hartman), sponsor of Texas-centric commercial real estate investment programs with more than $815 million in assets under management, announced the appointment of Michael Racusin as General Counsel and Corporate Secretary. He will lead the Company’s Legal Department and provide critical counsel to the Company on all legal matters across its business operations, including legal compliance, securities, and real estate as well as strategic business planning.
“We are honored to have Michael joining the firm. He brings with him an extensive skillset that I believe is exactly what we need to reach our goal of $5 billion in assets by 2030,” said Al Hartman, President and CEO.
Mr. Racusin has over 15 years of corporate legal experience. Prior to joining Hartman, Mr. Racusin served as General Counsel and Corporate Secretary for Luby’s, Inc. (NYSE:LUB), a publicly traded food service company. At Luby’s, Mr. Racusin led the legal and risk management departments. During his time there, he supported the $63 million acquisition of Fuddruckers, $11 million acquisition of the Cheeseburger in Paradise brand, debt financing that included an $80 million secured credit facility, and numerous real estate transactions.
During his career, Mr. Racusin also co-founded and co-led EnergyFunders, the world’s first and leading crowdfunding platform for oil, gas, and energy investments. At EnergyFunders Mr. Racusin served as Chief Information Officer and General Counsel and led the company to a successful exit in June of 2020.
Mr. Racusin added, “I am excited to join a dynamic team of growth-minded individuals, and to support the company in reaching its goals.”
Racusin earned his Doctor of Jurisprudence from The University of Houston Law Center. He is a Texas State Bar Member, holds his United States Federal Court license, and was awarded a Top 50 General Counsel award from The National Diversity Council.