Hartman Short Term Income Properties XX, Inc. Increases Q2 21 Monthly Distributions for Shareholders
July 9, 2021 | James Sprow | Blue Vault
Hartman Short Term Income Properties XX, Inc., has announced an increase in monthly distributions from $0.02916 per share per month to $0.03333 per share per month. The distribution increase, which is subject to review on a monthly basis, took effect from the second quarter of 2021, and is payable to all shareholders of record.
The REIT’s portfolio consists of 44 commercial properties comprising approximately 6.8 million square feet plus four pad sites, all located in Texas.
“We are pleased to be on a path to returning our historical distributions in light of the challenging market conditions.” said Al Hartman, Chairman of the Board of Directors at Hartman Advisors, and President and CEO of Hartman Income REIT Management, Inc.
The key objective for the fund is to grow in a manner consistent with a fundamental strategy of owning and operating value add properties in Texas. The strategy in place for 2021 is to focus on increasing occupancy and extending the portfolio’s weighted average in-place lease term to drive cash flow growth.
About Hartman
Hartman has extensive experience acquiring, owning, managing, and leasing commercial office, retail, light industrial and warehouse properties located in Texas. Since 1983, Hartman and its affiliated entities (including founder, Allen R. Hartman) have sponsored 29 programs and acquired interests in more than 90 real assets totaling approximately $805 million as of March 31, 2021.
Source: SEC
